The Texas Department of Transportation is building a tolled loop around Houston, and it recently awarded an $855 million contract to Grand Parkway Infrastructure to develop, design, construct and maintain a 44-mile segment of that road. Work could start in 2018 and be substantially complete in 2022.
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After delaying the process for several years, California sold $1.2 billion worth of bonds to help fund construction of 118 miles of the high-speed rail line in the Central Valley. The bond sale, however, will only partially fund the $64 billion project, and no funding source has been identified to complete it.
Preliminary construction work started last month at the $400 million Pensacola Bay Bridge project in Florida, and crews today will begin to install a temporary trestle for materials delivery. Skanska USA is the contractor.
The Trump administration is confident an overhaul of US tax law will be finished by year-end, Treasury Secretary Steven Mnuchin says. "Whether health care gets done or doesn't get done, we're going to get tax reform done," he said.
Bank lending for commercial real estate dropped to 7.7% in the first quarter, down from 11.6% in the same quarter a year ago, according to weekly Federal Reserve data. Some of the reasons for this two-year low in lending growth include concerns over multifamily and retail property fundamentals, a slowdown in sales, and rising construction costs.
Minnesota's MnRoads, a pavement testing facility in Albertville, will begin new research in June. Old cells along the tracks will be dug up and analyzed for a final time, and tests will begin on cold-weather effects of "fiber-reinforced concrete, asphalt overlays of concrete pavements, cold central plant recycling and concrete partial depth repairs."
After working out some kinks, ETH Zurich's In Situ Fabricator1 robot could make it much easier to fabricate building elements on-site, as the machine adapts to a site's changing environment. In recent tests the robot built a wavelike, 1,600-brick wall and welded steel to create a curved mesh for concrete.
Pull planning -- a collaborative effort by all involved in a construction project, which means a total of "hundreds of years of experience" -- can create a construction schedule that can be tweaked at each milestone. The goal is to streamline the project, cut costs and increase efficiency.
Constructor Marketplace: Search for contractor services and construction supplies in one place
Need a vendor? Reach thousands of suppliers and service providers in one place: AGC's official purchasing directory, Constructor Marketplace. This site places you in contact with vendors from more than 50 categories -- everything from acoustical and drywall to windows -- quickly, so you can get the materials or the help you need to get the job done right. Use Constructor Marketplace's free Request for Proposal (RFP) Automator to request custom project bids from multiple Marketplace vendors with just a few clicks. Advertising is available: Place your products or services in front of thousands of contractors per month, one-third of whom are repeat visitors. For more information about advertising, email Jamie Williams at email@example.com. To add your basic listing or update a listing, email Tracy Venzen at firstname.lastname@example.org. This Buyers' Guide is not the AGC Online Member Directory. To access the AGC Member Directory, please visit www.agc.org.
AGC Members get big incentives on Ford Commercial Fleet Vehicles
As a qualified Association Member with an active Ford Commercial Fleet Identification Number, AGC Members have the opportunity to receive significant discounts on new Ford fleet vehicle purchases. Combined with Ford's National Commercial Fleet Incentive Program (56M), qualifying AGC Members can save as much as $2,000+ off select vehicles. Learn more and save on your fleet purchase.