Alabama Construction Organization Honors Brasfield & Gorrie for Excellence in Construction

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The Associated Builders and Contractors Alabama Chapter recently recognized Brasfield & Gorrie with several top honors at the 2016 ABC Alabama Excellence in Construction Awards. The firm was honored with two first-place Excellence Awards and a Merit Award. The projects honored with Excellence Awards include the new Coca-Cola Bottling Company Sales and Distribution Center in Chattanooga, Tennessee, and the Cherry Point P163 Marine Air Support Squadron Maintenance and Operations Complex in Cherry Point, North Carolina, which Brasfield & Gorrie constructed along with joint venture partner Mitchell Industrial Contractors. Brasfield & Gorrie’s work on an expansion of UHS Spring Valley Hospital … Read more

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Construction Input Prices Remain Flat in October, ABC Says

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WASHINGTON, D.C. — Construction input prices remained unchanged in October and are just 0.5 percent above where they were a year ago, according to analysis of the U.S. Bureau of Labor Statistics Producer Price Index released by Associated Builders and Contractors. Despite the modest increase in the aggregate input price level, the most recent report represents the largest year-over-year price increase since November 2014. Generally, construction input prices, particularly natural gas and crude petroleum, have headed lower since the summer of 2014. However, that pattern of falling prices no longer holds. Crude petroleum prices were up 10.5 percent on a … Read more

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AP Receives ABC Excellence in Construction Award for New Joint Training Facility

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DENVER, Colo – The Associated Builders and Contractors awarded the city of Aurora, Colorado’s Public Safety Training Center project the 2016 regional Excellence in Construction award for an institutional building between $10 and $25 million. The 23-acre campus consisted of seven different projects to be designed, built and integrated together in a short timeframe. A 1920’s themed gala of industry personnel recognized outstanding construction projects in various categories completed this last year in the Rocky Mountain Region. CAPSTC’s first-place honor was given by judges based on factors such as safety, implementing innovations and overcoming challenges. During the submittal review process, … Read more

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Nonresidential Construction Spending Down in September, August Data Upwardly Revised

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WASHINGTON, D.C. — Nonresidential construction spending fell 0.9 percent from August to September 2016, according to an analysis of U.S. Census Bureau data released by Associated Builders and Contractors. Nonresidential spending totaled $690.5 billion on a seasonally adjusted, annualized basis for the month, 0.7 percent below September 2015’s figure. The government revised the August nonresidential construction spending estimate from $686.6 billion to $696.6 billion; otherwise September spending would have risen on a month-over-month basis. Eleven of 16 nonresidential construction subsectors experienced monthly declines. “Since late 2015, the level of nonresidential construction spending in America has been effectively flat,” said ABC … Read more

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Nonresidential Fixed Investment Expands Again During Solid Third Quarter, ABC Reports

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WASHINGTON, D.C. – Real gross domestic product expanded 2.9 percent on a seasonally adjusted annualized rate during the third quarter of 2016, according to an analysis of Bureau of Economic Analysis data recently released by Associated Builders and Contractors. This follows a 1.4 percent increase during the second quarter and represents the tenth consecutive quarter of economic expansion. Nonresidential fixed investment, a category closely aligned with construction and other forms of business investment, expanded at a 1.2 percent annualized rate during the third quarter after growing 1 percent during the second. Investment in structures led the way, increasing by 5.4 … Read more

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