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January 17, 2013News for contractors and the construction industry

  Top Story 
  Infrastructure & Project Focus 
  • Stalled $1.8B N.J. mall project could restart this month
    Work on the long-stalled former Meadowlands Xanadu mall project in New Jersey could restart this month, according to various state officials. The $1.8 billion project, renamed the American Dream Meadowlands mall, is expected to create more than 9,000 construction jobs and 10,000 project-related jobs. "In the short term, the construction industry desperately needs jobs, and that project would provide a major infusion of dollars from salary, wages, income," said James Hughes, dean of the Edward J. Bloustein School of Planning and Public Policy at Rutgers University. "It’s sorely needed in that regard." The Record (Hackensack, N.J.) (1/13) LinkedInFacebookTwitterEmail this Story
  • N.J. Pulaski Skyway to be restored for $1B
    The Pulaski Skyway bridge in New Jersey is an 80-year-old, 3.5-mile-long, arch-truss bridge that is on the National Historic Register. The bridge has received millions of dollars in repairs over the years but will now undergo a complete restoration for about $1 billion. Construction is scheduled to start after next year's Super Bowl and will last for two years. NorthJersey.com (Hackensack, N.J.) (free registration) (1/13) LinkedInFacebookTwitterEmail this Story
  Economic Update 
  • Cost of construction material rose 1.3% in 2012
    Construction-material prices increased 1.3% last year compared with 2011, according to an analysis by the Associated General Contractors of America. "Moderate price swings for several materials last year gave contractors some breathing room, but future price spikes could push many firms into the red," Chief Economist Kenneth Simonson said. "Contractors have not recovered from the cost increases they had to absorb in 2010 and 2011." American City Business Journals/Boston/BBJ Real Estate Daily blog (1/16) LinkedInFacebookTwitterEmail this Story
  Innovation & Green Building 
  • Siemens' UAE HQ: A commitment to sustainability
    Siemens' headquarters in Masdar City in the United Arab Emirates is almost finished and is expected to earn LEED-Platinum certification for maximizing its daylighting, reducing water and energy consumption and keeping solar gain to a minimum. The firm's commitment to sustainability was recognized recently at the Zayed Future Energy Prize award ceremony. Inhabitat (1/16) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • U.S. economy is expanding somewhat, Fed says
    The U.S. economy continues expanding, but there were few signs in recent weeks of the pace picking up, the Federal Reserve's Beige Book indicates. The anecdotal roundup of reports from all central bank districts says uncertainty about the federal government's fiscal situation and Europe's economy are a drag on hiring. "Hiring plans were more cautious for firms doing business in Europe or in the defense sector," the Fed said. Reuters (1/16) LinkedInFacebookTwitterEmail this Story
  Association News 
  • Construction material prices down slightly between November and December, up for year
    Prices for construction materials inched down in December, closing out a year of relatively subdued changes in both materials costs and bid prices, according to an analysis of new federal figures released by AGC of America. Association officials said the price decline was likely to be temporary, noting that the vast majority of contractors predict materials prices will rise in 2013. "Moderate price swings for several materials last year gave contractors some breathing room, but future price spikes could push many firms into the red," said Ken Simonson, chief economist for the construction trade association. "Contractors still have not recovered from the cost increases they had to absorb in 2010 and 2011." Read more. LinkedInFacebookTwitterEmail this Story
  • Better manage your prequalification data and process with new iSqFt prequalification tool
    Working in conjunction with AGC of America, iSqFt has introduced a free online prequalification management application to all AGC members. Through this online application, you will be able to send prequalification requests to vendors in your database, allow vendors to send information back to you via the online form, and track and manage responses. Learn more about this great new tool by signing up for one of two informational webinars being held on Friday, Jan. 25 at 3:00 p.m. ET and Friday, Feb. 1 at 10:00 a.m. ET. Register today. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Admiration is a very short-lived passion that immediately decays upon growing familiar with its object; unless it be still fed with fresh discoveries, and kept alive by a perpetual succession of miracles rising into view."
--Joseph Addison,
British writer and politician


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