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January 21, 2013News for contractors and the construction industry

  Top Story 
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You want to sell your business, and you want to ensure that you get the best possible price. By taking 7 simple steps, you can dramatically improve your chances of attracting buyers and getting big bucks for your business. Read the article and learn the 7 steps.

  Infrastructure & Project Focus 
  • Energy firm plans $2.2B LNG production, export facility in La.
    Magnolia LNG plans to build a $2.2 billion natural gas liquefaction plant in Louisiana, where it will produce and export liquified natural gas. "Whilst the company remains focused on securing the appropriate contracts, agreements and permits, we expect to commence construction of our first U.S. venture by 2015," said Maurice Brand, Magnolia managing director and joint chief executive director. The firm will submit a prefiling application to the Federal Energy Regulatory Commission in March to start the review process for construction authorization. SNL Financial (free content) (1/18) LinkedInFacebookTwitterEmail this Story
  • Bechtel tapped for first phase of $1.8B N.J. offshore cable project
    Atlantic Grid Development hired Bechtel Group, the Hoover Dam builder, as engineering and construction contractor for the first segment of the proposed $1.8 billion New Jersey Energy Link offshore wind transmission project. The project, which could be built in three phases, would have the capacity to deliver up to 3,000 megawatts of wind-generated power. "This will jump start an industry that will provide 20,000 jobs in New Jersey and gigawatts of long term, clean energy," said Rick Needham, director of energy and sustainability for Google, which is one of the investors in the project. Bloomberg Businessweek (1/16) LinkedInFacebookTwitterEmail this Story
  • Construction update: NYC's huge residential projects
    A residential boom in New York City, spurred by the High Line park's success, is in full swing as companies, including Related Cos. and AvalonBay, are making steady progress on their projects. Related's project currently stands at 10 stories, with another 20 expected. AvalonBay's 710-unit West Chelsea development will include a 31-story building and a 13-story "glass box." Curbed (New York City) (1/16) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by AGC SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Economic Update 
  • Mapping the economy as Obama begins his second term
      
    President Barack Obama faces a different economic landscape than he did four years ago. This post features interactive maps that show state and local data that shape national economic indicators such as unemployment and median household income, and it looks at demographic trends and how they will affect the U.S. for the next four years. SmartBrief/SmartBlog on Finance (1/18) LinkedInFacebookTwitterEmail this Story

  Innovation & Green Building 
  • A highway runs through it
    India may take a hint from Japan to help solve its road-infrastructure challenges. One of its ministry officials has suggested building roads through high-rise buildings, just as was done at the Gate Tower Building in Japan. That 16-story building has an expressway that occupies three floors. The road was built as a bridge and is secured by free-standing supports so that it is not attached to the tower. DesignBuildSource.com.au (Australia) (1/18) LinkedInFacebookTwitterEmail this Story
  • D.C. authority proposes halting water tunnel projects
    Back in 2003, the District of Columbia Water and Sewer Authority proposed building three tunnels to help manage sewage overflows in the area. It now proposes suspending construction of the tunnels in favor of doing an eight-year study on green infrastructure to see if there are more sustainable options to deal with the program. "At the end of that analysis, we will make a recommendation to the Environmental Protection Agency to do [an] all-green, all-tunnel or some hybrid program," said Pamela Mooring, the authority's external communications manager. The Hoya (Georgetown University) (1/18) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Economists: 2011 debt-ceiling damage could repeat itself
    The 2011 debt-ceiling debate slowed the economic recovery as consumer confidence plunged to its lowest level since the financial crisis and hiring stalled, economists say. The upcoming fight over the same issue is likely to deal another blow to the economic recovery, according to economists and industry experts. The Washington Post (1/18) 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 video news reports
    Check out AGC's video reports, featuring the latest news direct from the experts. Watch them all on AGC's YouTube Channel at www.youtube.com/AGCofAmerica. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Give me six hours to chop down a tree and I will spend the first four sharpening the axe."
--Abraham Lincoln,
16th U.S. president


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