Economy: Page 26
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Shutdown-impacted businesses taking PPP loans may risk losing CARES Act tax benefits
Until rules are out, it's not clear paying expenses with stimulus loan funds will help your business come tax time.
By Robert Freedman • April 7, 2020 -
AECOM
AECOM cuts executive and board pay by 20%, CEO Burke remains for now
The company's reported merger talks with Canada-based WSP have also likely stalled due to the coronavirus crisis.
By Jennifer Goodman • April 6, 2020 -
Explore the Trendlineâž”
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TrendlineTop 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
Katerra lays off 7% of workforce in latest round of cuts
The layoffs, which amount to about 400 employees, will help to accelerate the offsite construction firm's "path to profitability," CEO Paal Kibsgaard said.
By Joe Beeton , Zachary Phillips • Updated July 1, 2020 -
National Institute of Allergy and Infectious Disease. (2020). "Novel Coronavirus SARS-CoV-2" [Image]. Retrieved from Flickr.
Analysts predict a temporary coronavirus-related halt to commercial lending
Large transactions will be challenging to consummate now, but the outbreak's impact on U.S. commercial lending will be more like that of 9/11 than the Great Recession, a RCLCO Real Estate Advisors​ official told Construction Dive.
By Jennifer Goodman • April 3, 2020 -
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Sponsored by TouchplanVital actions every construction project needs to take to tackle COVID-19 now
Every project is struggling with hurdles prompted by COVID-19. Here are ways you can tackle the problems now.
April 3, 2020 -
National Institute of Allergy and Infectious Diseases. (2020). "Novel Coronavirus SARS-CoV-2" [Image]. Retrieved from https://www.flickr.com/photos/nihgov/49565662436/in/album-72157713108522106/.
Consultant predicts a post-coronavirus 'construction tsunami'
Contractors should look to predictive models to help plan for getting back to work after the COVID-19 crisis abates, which could be in just over a month, according to a presenter at a recent DBIA webinar.
By Jennifer Goodman • April 2, 2020 -
Skanska, Balfour Beatty, Jacobs Engineering freeze or cut executive pay
In response to coronavirus-related economic turmoil, public construction firms are also delaying dividends and Fluor is preparing to ward off any hostile takeover bids.
By Jennifer Goodman • April 1, 2020 -
Photo by Silvia Brazzoduro on Unsplash
Sponsored by Trim-TexContract work in the age of coronavirus: How individuals are overcoming
For contractors, COVID-19 can mean no working. Here’s how you can stay productive during this time.
March 30, 2020 -
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Trump signs emergency coronavirus bill granting paid leave opposed by construction group
The bill contains two key provisions covering workers employed by private entities and individuals that employ fewer than 500 employees.
By Ryan Golden , Jean Dimeo • March 19, 2020 -
How contractors are responding to the COVID-19 crisis
Despite paralyzing levels of uncertainty brought on by the rapidly changing effects of the coronavirus pandemic, contractors like Bechtel, DPR, Layton and Suffolk are trying to prepare for whatever might come next.
By Jennifer Goodman • March 19, 2020 -
In most US cities, construction work continues as shutdowns loom
Pennsylvania's ban on nonessential travel effectively stops construction, while it's unclear how California's measure will impact new and existing work. As more jurisdictions follow, Trump is being urged to set federal definitions on whether functions such as jobsites can operate.
By Jennifer Goodman • Updated March 20, 2020 -
Hotel construction pipeline ends 2019 with record high
Though there were a record number of hotels planned and underway as of the close of the year, Lodging Econometrics' results and forecast do not include the potential impact of the coronavirus.
By Kim Slowey • March 18, 2020 -
AGC opposes paid leave provision in House coronavirus bill
If passed in the Senate, the plan could lead to industry layoffs, bankruptcies and delays in the construction of medical and emergency facilities, according to the Associated General Contractors of America.
By Jennifer Goodman • March 17, 2020 -
Kendall Davis/Construction Dive
COVID-19: Construction Dive's daily news and resource tracker
North Carolina health officials report high rates of COVID-19 among Latino construction workers, Chicago’s Aon Center Observatory project has been delayed and a Santa Barbara, California, contractor is building free "parklets" for local restaurants.
By Nami Sumida • Updated June 30, 2020 -
CDC/Alissa Eckert, MS. "covid-19 coronavirus on black background". Retrieved from https://www.cdc.gov/media/subtopic/images.htm.
Deep Dive6 ways the coronavirus outbreak will affect construction
Contractors are used to risk but are they prepared for everything the pandemic will throw at them? Here are the top consequences builders will face.
By Jennifer Goodman • March 13, 2020 -
Balfour Beatty profit up 8% amid US civil project delays and coronavirus monitoring
Despite an overall increase in U.S. revenue, CEO Leo Quinn said that around 18 civil projects there have fallen behind schedule, leading to reduced profitability in that sector.
By Kim Slowey • March 13, 2020 -
Joe Beeton/Construction Dive
Economist: Contractors should prepare for a coronavirus-triggered recession
The fragile state of the U.S. economy may be no match for a pandemic, ABC economist Anirban Basu said at the World of Modular conference this week.
By Joe Beeton • March 12, 2020 -
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Sponsored by GordianIn a world of changing construction costs, success hinges on accurate data
Inaccurate construction costs can be the pitfall of construction projects.
March 6, 2020 -
Construction industry growth predicted in JLL 2020 report amid cost upticks, coronavirus uncertainty
Contributing to the overall economic environment of the industry are the usual suspects of rising material costs and trade policies as well as a new health crisis that could impact those factors even more.
By Kim Slowey • March 6, 2020 -
Sponsored by Tenna5 construction innovations bridging the labor shortage gap
Technological innovations provide the solution needed to combat the labor shortage.
Feb. 28, 2020 -
Coronavirus impacts could have ripple effect on US construction industry
When it comes to unexpected developments on factors like materials prices, American builders are not immune to the effects of the global epidemic.
By Jennifer Goodman • Feb. 19, 2020 -
Sponsored by WorkyardAddressing the construction labor shortage with technology and scale
Introducing Workyard, a viable solution to the construction hiring crunch.
By Nic De Bonis, Co-founder and CEO of Workyard • Feb. 19, 2020 -
RLB: Construction costs rise 1.2% in Q4; up 5.2% YOY
Although it's no surprise that San Francisco leads the way in costs, the city also had the largest increase in year-over-year costs, at almost 7.8%
By Kim Slowey • Feb. 13, 2020 -
Alaska construction spending to near $7B in 2020
The state has a lot of construction going on year after year, with 41,300 jobs related to construction in 2018 averaging wages of almost $80,000 a year.
By Kim Slowey • Feb. 6, 2020 -
Should contractors risk moving into niche building sectors?
Construction firms should understand the challenges of a new line of work, including the possibility of slower payment schedules, diversity hiring goals and technology expertise, experts say.
By Kim Slowey • Feb. 4, 2020
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