Builders' risk insurance plays a vital role | Dodge Momentum Index up 1.1% in June | Report: Labor shortage won't hurt construction industry growth
July 19, 2017
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Risk Management
Builders' risk insurance plays a vital role
Builders' risk insurance is required in all construction contracts but often receives little attention. However, BRI -- which provides coverage during construction -- is vital, writes attorney Peter Strniste Jr., touching on several key issues such as who pays for it, who will be insured and who is responsible for deductibles.
The Construction Executive Blog (7/12) 
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The Economy
Dodge Momentum Index up 1.1% in June
The Dodge Momentum Index increased 1.1% in June, largely due to a 4.8% increase in institutional construction. Commercial construction is up 11.8% year over year despite a 1.3% decline in June.
ForConstructionPros/Dodge Data & Analytics (7/11) 
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Report: Labor shortage won't hurt construction industry growth
A report by Rider Levett Bucknall says the construction labor shortage is not industrywide but rather is focused by sector, region and trade and should not hamper growth in 2017. Meanwhile, construction costs increased 4.8% between April 2016 and April 2017.
Construction Dive (7/10) 
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Commercial Project News
Ore. airport considers $1.3B expansion and renovation
Airlines are expected to vote in the fall on a $1.3 billion plan to overhaul the terminal at the Portland International Airport. Construction on the five-year project could begin in 2020 and would include a $215 million renovation and expansion of one of the concourses and a $265 million addition to the parking garage.
The Oregonian (Portland) (7/15) 
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Project Delivery & Financing
Commentary: Design-build encourages collaboration
The Korte Co.'s business development director, Jody Luke, discusses the advantages of a design-build over traditional construction contracts. Luke says the method encourages everyone, including the owners, to be involved in the process and can bring all stakeholders into better alignment.
The Business Journals (tiered subscription model)/Atlanta (7/16) 
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NYC gets cold shoulder from legislature for design-build
NYC gets cold shoulder from legislature for design-build
(Michael Nagle/Getty Images)
New York City wants to use a design-build contract for the $1.9 billion rehabilitation of the Brooklyn-Queens Expressway, but state lawmakers failed to pass legislation authorizing that type of contract. The city, which says the method could save time and up to $300 million, is still hopeful that authorization will come in a January legislative session.
Curbed (7/10),  Crain's New York Business (tiered subscription model) (7/10) 
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News from Aon Construction Services Group
Aon announces Q2 2017 earnings release and conference call
Aon plans to announce second-quarter and full-year 2017 results on Friday, Aug. 4, in a news release to be issued before the market opens. Greg Case, president and CEO, will host a conference call at 7:30 a.m. Central time on Aug 4. Read more.
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How to harness the talent of the on-demand workforce
There's no better time to get something than at exactly the moment you need it. The rapid growth of the "on-demand" economy, where goods and services are ordered online and delivered promptly, has meant a new way of doing business -- and working. How are businesses harnessing this on-demand talent? Learn more.
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You are what you do. If you do boring, stupid, monotonous work, chances are you'll end up boring, stupid, and monotonous.
Bob Black,
writer
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About Aon
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
About Aon Construction Services Group
Aon's Construction Services Group is the preeminent provider of risk and human resources solutions to general and specialty contractors, project owners, and industry stakeholders. As the segment leader, Aon provides an unparalleled platform to serve the risk management needs of global contractors, an expansive collection of offices to support service delivery for specialty firms and large infrastructure projects, and the risk management industry's leading global network, delivered through collaborative colleagues who specialize in risk management for construction activities.
 
Contact Aon
Ruya Qadir | CSG Solutions Marketing Manager
Aon Risk Solutions | Construction Services Group
100 Bayview Circle, Newport Beach, CA, 92660
(t) 949.608.6305 | (m) 516-462-2619
Ruya.Qadir@aon.com
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