New Research Shows How Collaboration Can Reduce Construction Risk

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NEW YORK, N.Y. – Three quarters of building owners and contractors have experienced a dispute or claim in the last three years, and nine in 10 say increased collaboration can be used to mitigate future risk, according to Managing Risk in the Construction Industry, a new SmartMarket Report from Dodge Data & Analytics. Produced in partnership with Alliant, and with support from e-Builder and Procore, the report is available for free download here. The report provides a unique link between specific risk reduction practices—like conducting regular meetings with the full project team, formal brainstorming and developing a plan to manage … Read more

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Dodge Data & Analytics to Debut 2017 Construction Economic Forecast at Annual Conference

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NEW YORK, N.Y. – Dodge Data & Analytics will hold its 78th annual Dodge Construction Outlook Executive Conference, Oct. 19-20 in Harbor, Maryland. To register, visit 2017 Dodge Outlook. The Dodge Outlook is a mainstay industry event for building product manufacturing, design and architectural, contracting, engineering and industry association firms looking to hear influential speakers, network with peers and gain insights into the industry’s prospects for the coming year. The forecast also offers important data for members of the media covering economic and sector-based trends. The theme of this year’s Outlook conference is disruptive innovation. Speakers and panelists will examine … Read more

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August Construction Starts Jump 21 Percent

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NEW YORK, N.Y. – New construction starts in August soared 21 percent to a seasonally adjusted annual rate of $711.2 billion, according to Dodge Data & Analytics, following lackluster activity in July. The August rise for total construction starts featured an especially elevated amount for nonresidential building, which was helped by the start of a $3-billion petrochemical plant in Louisiana, the $1.7-billion Wynn Casino in the Boston, Massachusetts area and a $508-million terminal upgrade at Seattle-Tacoma International Airport. The non-building construction sector also experienced strong growth, with its public works segment lifted by the start of a $3-billion natural gas … Read more

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New Construction Starts in June Drop 7 Percent

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NEW YORK, N.Y. – New construction starts in June decreased 7 percent from the previous month to a seasonally adjusted annual rate of $595.1 billion, according to Dodge Data & Analytics. The non-building construction sector (public works and electric utilities) fell sharply after being lifted in May by the start of a $3.8 billion oil pipeline in the upper Midwest and seven large power plant projects totaling $4.3 billion. Residential building in June edged down with reduced activity reported for both single family and multifamily housing. At the same time, nonresidential building registered moderate growth in June after sliding back … Read more

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May Construction Starts Rise 5 Percent

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NEW YORK, N.Y. – At a seasonally adjusted annual rate of $636.7 billion, new construction starts in May increased 5 percent from April, according to Dodge Data & Analytics. Much of the growth came from the non-building construction sector (public works and electric utilities), which was lifted by a $3.8-billion oil pipeline in the upper Midwest, as well as by seven power plant projects with a combined cost of $4.3 billion. Residential building edged up slightly in May, as multifamily housing bounced back from its subdued April performance. However, nonresidential building in May retreated, sliding for the second month in … Read more

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