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Data leaks, phishing will continue to threaten builders in 2025
A report from cybersecurity firm ReliaQuest found that spearphishing, an attack personalized to a victim, is an increasingly prominent threat for construction contractors.
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Big tech on track to pour more than $180B into data centers this year
Amazon, Google and Microsoft accounted for more than three-quarters of infrastructure capital expenditures in Q3 2024, according to Dell’Oro Group.
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Q&A // ConTech Conversations
‘Rubber hits the road’ on AI startups: Suffolk tech lead
Jit Kee Chin, chief technology officer for the Boston-based builder, talks about what programs the company uses on and off the jobsite and why the hype around IoT is waning.
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Project Milestones
Jacobs starts $740M water recycling plant in LA
The Donald C. Tillman Water Reclamation Plant will provide a drought-resistant drinking water supply for Southern California’s San Fernando Valley.
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New York’s Clean Path transmission project on ice
The state of New York and developers agreed to terminate contracts underpinning the 175-mile power line, slated to come online in 2027.
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Economic Reports
Nonresidential spending slips, but contractors expect rebound
Construction pros anticipate that sales will increase in the months ahead, according to Associated Builders and Contractors.
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Project Wins
Jacobs-McCarthy JV nabs $160M project in growing water sector
The project will expand the Robert W. Goldsworthy Desalter facility in Southern California to treat up to 9 million gallons of brackish water per day.
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Executive Moves
Skanska picks intern-turned-executive as EVP
Trevor Wyckoff, who joined the firm in 1998, will lead U.S. building operations in Oregon and Southwest Washington.
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Labor Department releases guide to combat harassment in construction
The document drills down on frequently reported jobsite behavior, including passing off derogatory remarks as playful banter or dismissing hateful graffiti as harmless.
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e-Storage subsidiary to build $712M plant in Kentucky
Shelbyville Battery Manufacturing is establishing a cell, module and packaging facility and is set to begin production in 2025.
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Contech Funding
6 contech startups raise a combined $196M
Firms raking in money include a modular apartment builder, an artificial intelligence-based contract platform and a provider of scheduling software.
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Judge dismisses $1.3B in lawsuits against Texas LNG builders
Insurers had filed two actions against Zachry and its joint venture partners, claiming they caused a 2022 gas export terminal explosion by failing to install proper safeguards.
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Trump vows new tariffs on Mexico, Canada, China
The countries are the top suppliers of imported goods to the U.S., and construction economists have concerns about the impact on material prices.
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Executive Moves
WSP names new transit and rail business head
Angela Schwarz will lead efforts to grow the firm’s presence in relevant markets and help oversee major transportation projects.
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Apartment completions jump 61% YOY
Starts dropped 12% year over year as new multifamily development continues to cool.
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November 2024 wins: Contractors report their latest awards
Construction Dive rounds up the newest project wins from some of the country's biggest builders including Skanska, Turner and Balfour Beatty.
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AI rush is fueling tech debt ‘tsunami’: Forrester
The research highlights the growing challenges faced by businesses as they scramble to adopt AI and avoid falling behind competitors.
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Column // The Dotted Line
Navigating sustainability provisions in construction contracts
Every decision made for a project — from what materials are used to how they’re transported — has a carbon footprint, and each of those choices has a contract associated with them, attorneys say.
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NYC plans $1B buildout via project labor agreements
The $270 million Willets Point redevelopment, part of an initiative that includes the city’s first soccer-specific stadium, could pave the way for an additional $50 billion in projects.
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California builder launches contech investment arm
Webcor Ventures, an offshoot of the San Francisco-based contractor, made its inaugural investment in modular construction firm R2 Building.
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Public construction firms’ executives react to Trump win
Noting the prospect of lower taxes and fewer permitting hurdles, construction company leaders were mainly optimistic in the wake of the presidential election.
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Trump nominates Rep. Lori Chavez-DeRemer for secretary of labor
The Teamsters president voiced support for Chavez-DeRemer, saying she previously pledged to “protect and respect labor in America.”
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Executive Moves
Swinerton picks client-focused exec to lead corporate services
Chris Chany helped grow the division’s portfolio from $300 million to just over $1 billion in revenue in four years, the firm said.
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Skanska creates mid-Atlantic division, taps local exec to helm
The new region will encompass four markets — Washington, D.C., Maryland, Virginia and North Carolina — and will build on existing offices in the area.
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Rays’ $1.3B stadium project timeline in jeopardy, say team presidents
After Hurricane Milton caused a delay in funding approval, the MLB team’s leaders said the new ballpark’s 2028 schedule is not viable.
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