Modular builder wins $2.2M Vermont school contract

KBS is working with the Department of Energy’s Advanced Building Construction initiative to improve its units’ energy efficiency.

By Sebastian Obando • May 15, 2023

Maryland HVAC contractor settles equal-pay suit for $210K

An Equal Employment Opportunity Commission lawsuit claimed Mechanical Design Systems paid a woman project manager half as much as men.

By Joe Bousquin • May 15, 2023

Explore the Trendline➔

Recruiting, retention and training in construction

A roundup on articles focus on recruiting and retention for construction.

By Construction Dive staff

Hunt-Penta JV starts $600M Vegas convention center upgrade

The expansion project will continue through 2025, and will provide jobs to more than 600 tradesworkers.

By Sebastian Obando • May 12, 2023

MSG Sphere price tag increases again, up $125M

Sphere Entertainment Co. cited the overall complexity of the Las Vegas entertainment project as the primary cause of the jump.

By Sebastian Obando • May 12, 2023

Annual material prices trend lower for second straight month

Despite an overall decline in input prices, double-digit annual cost increases persist for certain critical construction commodities.

By Sebastian Obando • May 11, 2023

NYC expands Construction Fraud Task Force

The announcement came on the same day as an indictment of an accountant who allegedly defrauded the state out of millions in workers’ comp payments.

By Zachary Phillips • May 11, 2023

Business, construction leaders urge quick resolution to looming debt ‘catastrophe’

President Joe Biden and congressional leaders met this week as the threat of a default on the country’s $31.4 trillion debt grows.

By Jennifer Goodman • May 11, 2023

US hotel construction pipeline grows as developers eye cost-effective projects

According to a Lodging Econometrics report, recovery in travel demand led to first-quarter pipeline growth, though developers are seeking alternatives to new construction.

By Jenna Walters • May 11, 2023

Construction’s profit margins sink to lowest level since mid-pandemic

U.S. construction firms’ bottom lines plummeted 27% in the first quarter of this year, a trend reflected in many public contractors’ earnings reports.

By Sebastian Obando • May 10, 2023

Mercedes-Benz partners with NavVis on digital twins of factories

The collaboration will allow the automaker to simulate new site layouts and production line changes.

By Kate Magill • May 10, 2023

Office vacancy rate hits 30-year high

Unleased office rates reached 17.8% in Q1, as hybrid work and recession fears weighed on demand, according to CBRE.

By Maura Webber Sadovi • May 10, 2023

Jacobs’ profits more than double due to IIJA, water projects

The firm announced plans to spin off its Critical Missions Solutions business, which accounted for 35% of its revenue last year. 

By Sebastian Obando • May 9, 2023

Bank failures put squeeze on construction loans

The lending environment, which has grown more treacherous over recent weeks, could dampen new multifamily starts by as much as 60%, according to one executive.

By Leslie Shaver • May 9, 2023

Black & Veatch acquires Texas electrical contractor

Bird Electric will join the engineering firm’s portfolio and expand its capabilities in fields like electric vehicles and renewables.

By Matthew Thibault • May 9, 2023

DeSantis inks Florida E-Verify law for private employers

In anticipation of the new requirement, some construction workers have stopped showing up to their jobs for fear of being deported, CBS Miami reported.

By Zachary Phillips • Updated May 11, 2023

UPS plans to open 7 healthcare logistics facilities in 2023

Services for healthcare shippers have been a bright spot for the delivery giant amid an overall decline in demand.

By Max Garland • May 8, 2023

Tutor Perini’s loss doubles as revenue sinks

Delayed impacts from the pandemic, an adverse legal ruling and accounting charges conspired to eat into the contractor’s top and bottom lines. 

By Joe Bousquin • May 8, 2023

Construction planning drops 2 months in a row

Weak activity for offices, hotels and retail pulled the Dodge Momentum Index lower.

By Sebastian Obando • May 8, 2023

Fluor posts $107M loss, increased backlog

A combined $80 million in charges on legacy infrastructure projects obscured an otherwise healthy first quarter, an analyst said.

By Sebastian Obando • May 5, 2023

Skanska profits tank on weak residential performance

CFO Magnus Persson told Construction Dive the firm can weather the downturn, in part thanks to healthy infrastructure demand in the U.S.

By Zachary Phillips • Updated May 8, 2023

Whiting-Turner settles EEOC suit for $1.2M

The firm allegedly segregated workers into all-Black crews run by White supervisors who harassed them with racial slurs at a $600 million Google data center project.

By Joe Bousquin • May 5, 2023

Caesars Entertainment to add $100M tower to Paris Las Vegas

Caesars will integrate the existing Jubilee Tower at Horseshoe Las Vegas into Paris Las Vegas and rename it the Versailles Tower as part of the resort’s ongoing upgrades.

By Jenna Walters • May 5, 2023

Google breaks ground on 2 data centers in central Ohio

The tech conglomerate announced plans to expand its footprint in the Buckeye State, bringing its total investment there to more than $2 billion.

By Sebastian Obando • May 4, 2023

Gilbane completes convex-shaped mixed-use project in LA

With a lens-like design, the $125 million development will feature 10 levels of apartments and luxury amenities.

By Matthew Thibault • May 3, 2023

Construction’s layoffs reach highest level since early in the pandemic

Approximately 73,000 building job openings disappeared in the latest government report, continuing the industry’s wild ride in 2023.

By Zachary Phillips • May 3, 2023