Tutor Perini had record backlog but a loss stemming from project charges, while Quanta Services reported revenue below market expectations but with strong sales and margins in its renewable energy business and billions in future projects it is “well positioned to win.”
Source: New feed
Revenue and profit fell for several of construction’s biggest companies, according to numbers posted for the third quarter of 2024, but there was also optimism that fast-developing market sectors will become financial springboards that add to future results.
Source: New feed
Procore introduced new artificial intelligence tools for scheduling, safety and project management and its users introduced their own new AIs at the Groundbreak Conference November 20-21 at the Colorado Convention Center in Denver.
Source: New feed
ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics
Source: New feed
The progressive design-build project is expected to include an investment of up to $150 million and complete in December 2028.
Source: New feed
Doug Burgum, Republican governor of North Dakota, is named to lead a planned new National Energy Council of sector regulators, while others are tapped for top posts at energy, transportation and environmental agencies.
Source: New feed
The American Institute of Architects says its surveyed members are feeling more optimistic about 2025.
Source: New feed
As interest rates finally begin to ease, economists are fairly optimistic about how the overall construction market will fare in the coming year.
Source: New feed
Historic preservationists hope the latest plan brings architectural icon back to life.
Source: New feed
Crews raced to reach the entrapped worker, who had fallen into a void beneath a grade-level area of demolition debris.
Source: New feed