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| Aug 11, 2010
Suffolk Construction Company acquires William A. Berry & Son
Suffolk Construction Company, New England’s largest construction company announced today that they have acquired William A. Berry & Son (Berry), the second largest construction company in the region. The two companies, both with deep New England roots and successful track-records, combined will have more than 1,200 employees and projected revenues of $2 billion.
| Aug 11, 2010
Nonresidential construction will be down 14% in 2009; 17% in 2010, according to FMI report
FMI released its Construction Outlook: Second Quarter 2009 Report, and the outlook isn't good for the nonresidential market. FMI forecasts the market to decline 14% this year, followed by a 17% slide in 2010. FMI says that while the economy is showing some signs of improvement, it is just the beginning of the downfall for nonresidential construction.
| Aug 11, 2010
Draft NIST report on Cowboys practice facility collapse released for public comment
A fabric-covered, steel frame practice facility owned by the National Football League’s Dallas Cowboys collapsed under wind loads significantly less than those required under applicable design standards, according to a report released today for public comment by the Commerce Department's National Institute of Standards and Technology (NIST).
| Aug 11, 2010
Callison, MulvannyG2 among nation's largest retail design firms, according to BD+C's Giants 300 report
A ranking of the Top 75 Retail Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
ASHRAE releases free BIM introductory guide
A newly released guide from ASHRAE on building information models and building information modeling (BIM) serves as a resource for professionals considering BIM tools and applications for their businesses. According to "An Introduction to Building Information Modeling," BIM is “a digital representation of the physical and the functional characteristics of a facility.” Unlike 2D or 3D CAD, BIM software utilizes intelligent objects to create models.
| Aug 11, 2010
AIA report estimates up to 270,000 construction industry jobs could be created if the American Clean Energy Security Act is passed
With the encouragement of Senate majority leader Harry Reid (D-NV), the American Institute of Architects (AIA) conducted a study to determine how many jobs in the design and construction industry could be created if the American Clean Energy Security Act (H.R. 2454; also known as the Waxman-Markey Bill) is enacted.
| Aug 11, 2010
Retail construction recession to end later in 2010
The recession reduced retail construction spending early and deeply, but now most of the decline should be behind us. Construction spending is down 48% over the last two-and-a-half years, and the value of retail construction starts reported by Reed Construction Data fell 41% in 2009 vs. 2008. Construction spending is expected to drop 5-6% more by late 2010; the decline will be close to 10% afte...
| Aug 11, 2010
A few bright spots for AEC firms in 2010
The AEC industry is heading into 2010 in better shape than was the case a year ago, according to the 2010 AEC Industry Outlook: Strategy and Insight for Design & Construction Firms, a new forecast released by ZweigWhite this month. A significant turnaround for the commercial market isn't anticipated until 2011, but a modest pickup is expected in late 2010.
| Aug 11, 2010
Healthcare construction weathers the recession
Healthcare construction spending grew at a compound rate of more than 10% for seven years through mid-2008, but has stalled since then. The stall, however, still represents better growth than almost any other construction market during the recession, which deepened as a result of the fall 2008 credit freeze.
| Aug 11, 2010
Cost of HVAC equipment to remain flat in 2009, says Turner
While some manufacturers have announced slight increases in facilities equipment pricing for 2009, the average cost of equipment is expected to remain flat in 2009, according to the 2009 Turner Logistics Equipment Cost Index. However, equipment pricing could face increased pressure if there is a further decline in market demand.
