1. A time for fearlessness: Lessons from high growth AEC firms (Hinge)
"Nothing motivates change more than a crisis. Many professional services firms have made more radical shifts in how they do business over the past two months than over the past decade."
2. OSHA construction safety inspections fall 84% during COVID-19 pandemic (BD+C)
"Agency focuses on preventing disease transmission in healthcare industry."
3. PPP loans now only require 60% of funds for payroll use (Construction Dive)
"Borrowers only have to use 60% of their loan funds for payroll costs under changes the federal government made to the Paycheck Protection Program (PPP) that President Trump signed into law Friday. Previously, the program required borrowers to use 75% of the funds on payroll, a requirement contractors and other businesses said was too restrictive. For many companies impacted by mandatory stay-at-home orders, the money would have been better spent on rent and other operating costs, they argued."
4. The office isn't dead. It's just convalescing: Nisha Gopalan (Bloomberg via National Real Estate Investor)
"There are many office jobs that can’t be done remotely."
5. Minimize your risk when reopening construction projects (AIA Contract Documents)
"In this video, we discuss risk management methods when re-opening a project and how to discuss re-opening procedures and protocols with the owner, the contractor, and the entire project team."
6. Trump orders federal agencies to waive environmental regulations (Construction Dive)
"Through a new executive order issued last week, President Donald Trump directed federal government agencies to waive environmental regulations and to take other actions necessary to streamline and expedite infrastructure projects in order to hasten the economic recovery from the COVID-19 pandemic."
Related Stories
Market Data | Apr 4, 2016
ABC: Nonresidential spending slip in February no cause for alarm
Spending in the nonresidential sector totaled $690.3 billion on a seasonally adjusted, annualized basis in February. The figure is a step back but still significantly higher than one year ago.
Market Data | Mar 30, 2016
10 trends for commercial real estate: JLL report
The report looks at global threats and opportunities, and how CRE firms are managing their expectations for growth.
Market Data | Mar 23, 2016
AIA: Modest expansion for Architecture Billings Index
Business conditions softening most in Midwest in recent months.
Retail Centers | Mar 16, 2016
Food and technology will help tomorrow’s malls survive, says CallisonRTKL
CallisonRTKL foresees future retail centers as hubs with live/work/play components.
Market Data | Mar 6, 2016
Real estate execs measure success by how well they manage ‘talent,’ costs, and growth
A new CBRE survey finds more companies leaning toward “smarter” workspaces.
Market Data | Mar 1, 2016
ABC: Nonresidential spending regains momentum in January
Nonresidential construction spending expanded 2.5% on a monthly basis and 12.3% on a yearly basis, totaling $701.9 billion. Spending increased in January in 10 of 16 nonresidential construction sectors.
Market Data | Mar 1, 2016
Leopardo releases 2016 Construction Economics Report
This year’s report shows that spending in 2015 reached the highest level since the Great Recession. Total spending on U.S. construction grew 10.5% to $1.1 trillion, the largest year-over-year gain since 2007.
Market Data | Feb 26, 2016
JLL upbeat about construction through 2016
Its latest report cautions about ongoing cost increases related to finding skilled laborers.
Market Data | Feb 17, 2016
AIA reports slight contraction in Architecture Billings Index
Multifamily residential sector improving after sluggish 2015.
Market Data | Feb 11, 2016
AIA: Continued growth expected in nonresidential construction
The American Institute of Architects’ semi-annual Consensus Construction Forecast indicates a growth of 8% in construction spending in 2016, and 6.7% the following year.
