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November 1, 2012News for contractors and the construction industry

  Top Story 
  • Global construction firms face challenge from China
    As construction companies in the U.S. and other developed economies bid on projects worldwide, China has replaced Japan as their most-feared competitor, according to The Economist. China State Construction & Engineering, the world's largest construction company, is renovating New York's Alexander Hamilton Bridge. "The world's biggest builders are getting a growing share of the work," the magazine notes. The Economist (10/27) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Project Focus 
  • NYC mayor provides update, action plan for storm-damaged crane
      
    Engineers say the crane boom that dangles from the top of the One57 tower under construction in Manhattan is securely tied to the building, according to New York City Mayor Michael Bloomberg. A new crane will need to be built to remove the damaged one, and that will take several weeks, Bloomberg explained. CNN (10/31) LinkedInFacebookTwitterEmail this Story

  • Ill. Tollway: Multibillion-dollar project accepting bids on 12 contracts
    Bids on 12 new contracts for construction, design, planning, management and technical services are being sought by the Illinois Tollway for its $12 billion, 15-year Move Illinois project. "These new contracts represent nearly $79 million in capital investments to our system and include opportunities for smaller businesses in keeping with our commitment to ensure that everyone has a chance to benefit from Move Illinois," said Kristi Lafleur, executive director of the Tollway. EquipmentWorld.com (10/31) LinkedInFacebookTwitterEmail this Story
  • Bid deadline extended for initial segment of Calif.'s high-speed rail
    The deadline for submitting bids to design and construct the first segment of California's high-speed rail project will be extended to Jan. 18, according to the state's High-Speed Rail Authority. The five consortia interested in the project have asked for more details and more time. The initial phase, estimated to cost between $1.2 billion and $1.8 billion, will include construction of a bridge, elevated railway, tunnel and a 28-mile rail line to be built northeast of Madera to Fresno. The contract is expected to be awarded by June. The Fresno Bee (Calif.) (free registration) (10/30) LinkedInFacebookTwitterEmail this Story
  • Gambling firm looks to build $150 million casino in Ankeny, Iowa
    casino  
    Source: KCCI-TV
    Casino company Wild Rose Entertainment, the same group that considered a casino project in Urbandale, Iowa, last month, is looking to build a $150 million casino complex in Ankeny, Iowa. Plans for the facility include a 50,000-square-foot casino, a 200-room hotel and an event center. "It's no secret we've been looking to do a casino in central Iowa for a long time," said Tom Timmons, vice president of Wild Rose. KCCI-TV (Des Moines, Iowa) (10/30) LinkedInFacebookTwitterEmail this Story

  Economic Update 
  • AGC: After Sandy, reconstruction's overall impact will be "minimal"
    Rebuilding after the damage caused by Superstorm Sandy will cause "localized spikes in construction employment throughout November and the winter," according to Ken Simonson, chief economist for the Associated General Contractors of America. However, the overall impact "is likely to be minimal" because reconstruction needs will mean planned projects are postponed, he added. Meanwhile, AGC released its analysis of employment data, which showed a decline in construction employment in 160 of 337 metro areas between September 2011 and September 2012. American City Business Journals/Albuquerque, N.M. (10/31), Bloomberg (10/31) LinkedInFacebookTwitterEmail this Story
  Innovation & Green Building 
  • BIM an "important tool" that supports best practices in P3s
    The use of BIM for infrastructure projects can help both public and private entities better understand the scope and complexity of their investments, according to this piece. BIM processes also enable transparency and accountability in the management of public resources. The technology "is an important tool" that allows participants to deliver projects in accordance with the owner's intended plan, according to Rick Ciullo of Chubb Surety. Constructech (free registration) (10/30) LinkedInFacebookTwitterEmail this Story
  • Column: 4 tips to ensure sustainability of green building
    To keep the green-building movement sustainable in the long term, architects and contractors should design structures for the future, taking into consideration how they will be used, writes Paul Krumrich, founder and president of Spyeglass. In this article, he describes four best practices that can help contractors ensure that a green building will be sustainable for years to come. Sustainable Industries (10/30) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Business interruption claims require careful documentation
    It will be several weeks before losses from business interruption because of superstorm Sandy will be calculated. Companies need to be careful with their documentation as they estimate their losses for their insurers. "They need to preserve a lot of documents that in the normal course of business may get overwritten or discarded," says Stan Johnson, a forensic accountant at Navigant Consulting. The Wall Street Journal/CFO Journal (tiered subscription model) (10/31) LinkedInFacebookTwitterEmail this Story
  • Other News
  Association News 
  • Construction employment declines in 160 out of 337 metro areas between September 2011 and 2012
    Construction employment declined in 160 out of 337 metropolitan areas between September 2011 and September 2012, increased in 125 and was stagnant in 52, according to a new analysis of federal employment data released by AGC of America. Association officials said that construction employment in many areas continued to decline as construction activity is put on hold amid uncertainty about federal tax and investment programs and declining public sector demand. Read more. LinkedInFacebookTwitterEmail this Story
  • AGC Charities, Inc. to renovate Capitol Hill’s American Legion Post as part of nationwide charity effort
    Construction charity organization AGC Charities, Inc. announced that it will renovate part of the American Legion Post located on Capitol Hill in Washington, D.C., to make the facility more handicapped accessible. Contractors will donate their time, expertise and money to make a series of improvements to the Kenneth H. Nash Post 8 building. Read more. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Nature does not equally distribute energy. Some people are born old and tired while others are going strong at 70."
--Dorothy Thompson,
American journalist and radio broadcaster


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