A report has found that Dallas-based construction company Rogers-O’Brien has saved an estimated US1.8 million a year by using iPad’s onsite. The firm ditched paperwork in favour of the Apple tablet five years ago in a project overseen by director of applied technology Todd Wynne. Out of 390 employees, 190 possess and iPad for work…
US real estate and investment firm Golub & Company has announced plans to build Chicago’s second tallest skyscraper, in partnership with CIM Group. The 1,422-foot skyscraper will become part of a redevelopment project located on a parking lot East of Chicago’s Tribune Tower. The building, which is currently unnamed, will be approximately 29 feet shorter…
The Southeast US-focused roadways construction and maintenance specialist Construction Partners has announced an underwritten initial public offering (IPO). The Alabama firm is offering 6,750,000 shares, and certain selling stockholders are offering 4,500,000 shares, adding up to a total of 11,250,000 shares of Class A common stock. Construction Partners hopes to raise up to US$114.75 million…
The US city of Sioux Falls in South Dakota is experiencing a busy spring in terms of large-scale construction projects, with three sites totalling US$207 million progressing well. A $134 million hospital campus, a $40 million concrete plant and a $33 million refrigerated warehouse are being constructed and have a been a hive of activity…
The US Commerce Department has revealed that spending in the construction sector edged up by 0.1% in February, amid an abrupt decline in investment in public construction projects. This growth in construction spending for the month of February was less than expected by leading economists polled by Reuters who had forecast outlay to accelerate by…
US President Donald Trump’s proposed metal import tariffs could seriously damage the domestic construction industry and jeopardise various infrastructure projects, according to a recent study. Economic consulting group Trade Partnership warned that up to 28,000 jobs in the construction industry alone could be lost, if the proposed tariffs – 25% on imported steel and 10%…
A joint venture between Tutor Perini and Parsons Transportation Group has won a US$1.41 billion fixed-price contract for the Newark Airport Terminal One design-build project in the US state of New Jersey. The $2.7 billion, one million square foot project is part of a redevelopment and modernisation of Newark Liberty International Airport, and is New…
A number of engineering and construction-related contracts for work on a US$5.3 billion light rail system in Montreal, Canada have been divvied out to several domestic and international firms. The engineering and construction will be carried out by Canadian outfits SNC-Lavalin, Aecon, Pomerleau and EBC, along with US engineer Aecom and Dragados Canada (a subsidiary…
Quinbrook Infrastructure Partners has closed a US$268 million tax equity and construction financing deal for the build of a 200MW wind project in the US state of Oklahoma. The project is the first stage of the 365MW Persimmon wind farm of which Quinbrook has acquired a 75% controlling stake in, along with the initial developer…