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January 16, 2013News for contractors and the construction industry

  Top Story 
  Infrastructure & Project Focus 
  • Group: Failing infrastructure has a "cascading impact" on U.S. economy
    Failure to spend an additional $157 billion between now and 2020 to upgrade U.S. infrastructure, including surface transportation, aviation, waterways, the electrical grid and sewers, could lead to losses of more than $3.1 trillion in gross domestic product and $1.1 trillion in total trade, according to the "Failure to Act" report by the American Society of Civil Engineers. It could also mean a loss of 3.5 million jobs, the report noted. Bloomberg (1/15), Reuters (1/15), Business Insider (1/15) LinkedInFacebookTwitterEmail this Story
  • Report: Nearly $2B needed to fix Nev.'s highways, roads
    Nevada needs $1.9 billion to restore 4,664 lane miles of its highways and roads, according to the Preservation of Highway Report. The growing backlog of road repairs "is primarily due to highway construction inflation not being matched by revenue increases from fuel taxes and vehicle registration fees over the years," the report noted. Las Vegas Sun (1/14) LinkedInFacebookTwitterEmail this Story

  • Las Vegas has more than $1B in downtown developments
    Construction projects worth $754 million were completed in Las Vegas in 2012, and $355 million worth are currently under way, according to the city's Economic and Urban Development Department. This year, several projects should be completed, including the $100 million renovation of the former Lady Luck Hotel & Casino and Zappo's $40 million upgrading of the former Las Vegas City Hall. TravelPulse (1/14) LinkedInFacebookTwitterEmail this Story
  Economic Update 
  Innovation & Green Building 
  • Green infrastructure as tool to manage water resources
    Now is the time to broaden the use of green infrastructure techniques as a tool to manage water resources in the U.S., write Todd Gartner and James Mulligan. "We're in a critical moment -- natural ecosystems continue to degrade, existing gray infrastructure continues to age, and costs continue to rise," they note. "Even if just a portion of upcoming water infrastructure investment is directed toward green infrastructure, the opportunities for cost savings and water-related benefits are immense." WRI Insights (1/10) LinkedInFacebookTwitterEmail this Story
 
  Policy Watch 
  • $50.5B Sandy relief bill passes House
    The House has passed a $50.5 billion spending bill to pay for recovery from superstorm Sandy. The bill would provide $16.3 billion to the Federal Transit Administration; $5.7 billion to Army Corps of Engineers projects; and $2 billion to the Federal Highway Administration. It moves next to the Senate. Engineering News-Record (1/15), The Washington Post (1/15) LinkedInFacebookTwitterEmail this Story
  Association News 
  • AGC of America and Computer Guidance release 2013 Construction Hiring & Business Outlook
    Significantly more construction firms are planning to add new staff than plan to cut staff while demand for many types of private sector construction projects should increase this year, according to survey results released by the Associated General Contractors of America and Computer Guidance Corp. The survey, conducted as part of Tentative Signs of a Recovery: The 2013 Construction Industry Hiring and Business Outlook, provides a generally optimistic outlook for the year even as firms worry about rising costs and declining public sector demand for construction. "While the outlook for the construction industry appears to be heading in the right direction for 2013, many firms are still grappling with significant economic headwinds," said Stephen E. Sandherr, the association’s chief executive officer. "With luck and a lot of work, the hard-hit construction industry should be larger, healthier, more technologically savvy and more profitable by the end of 2013 than it is today." Read more. LinkedInFacebookTwitterEmail this Story
  • AGC to host webinar on the Affordable Care Act
    HR professionals cannot make tough company decisions regarding the Affordable Care Act (ACA) alone. As a result, many are guiding construction company owners and executives through the decision-making process to minimize the impact of the ACA on business operations. AGC's upcoming webinar series, The Affordable Care Act: The Impact of Health Care Reform on Your Construction Business, will provide those with a seat at the table the information necessary to make critical business decisions that will affect the company for years to come. The webinars will be held on Feb. 5, 7 and 12. Each webinar will be held from 2-3:30 p.m. ET. Registration for all three days is just $99 for AGC members. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Not in the clamor of the crowded street, not in the shouts and plaudits of the throng, but in ourselves, are triumph and defeat."
--Henry Wadsworth Longfellow,
American poet and educator


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