1. A time for fearlessness: Lessons from high growth AEC firms (Hinge)
"Nothing motivates change more than a crisis. Many professional services firms have made more radical shifts in how they do business over the past two months than over the past decade."
2. OSHA construction safety inspections fall 84% during COVID-19 pandemic (BD+C)
"Agency focuses on preventing disease transmission in healthcare industry."
3. PPP loans now only require 60% of funds for payroll use (Construction Dive)
"Borrowers only have to use 60% of their loan funds for payroll costs under changes the federal government made to the Paycheck Protection Program (PPP) that President Trump signed into law Friday. Previously, the program required borrowers to use 75% of the funds on payroll, a requirement contractors and other businesses said was too restrictive. For many companies impacted by mandatory stay-at-home orders, the money would have been better spent on rent and other operating costs, they argued."
4. The office isn't dead. It's just convalescing: Nisha Gopalan (Bloomberg via National Real Estate Investor)
"There are many office jobs that can’t be done remotely."
5. Minimize your risk when reopening construction projects (AIA Contract Documents)
"In this video, we discuss risk management methods when re-opening a project and how to discuss re-opening procedures and protocols with the owner, the contractor, and the entire project team."
6. Trump orders federal agencies to waive environmental regulations (Construction Dive)
"Through a new executive order issued last week, President Donald Trump directed federal government agencies to waive environmental regulations and to take other actions necessary to streamline and expedite infrastructure projects in order to hasten the economic recovery from the COVID-19 pandemic."
Related Stories
Market Data | May 18, 2022
Architecture Billings Index moderates slightly, remains strong
For the fifteenth consecutive month architecture firms reported increasing demand for design services in April, according to a new report today from The American Institute of Architects (AIA).
Market Data | May 12, 2022
Monthly construction input prices increase in April
Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
Market Data | May 10, 2022
Hybrid work could result in 20% less demand for office space
Global office demand could drop by between 10% and 20% as companies continue to develop policies around hybrid work arrangements, a Barclays analyst recently stated on CNBC.
Market Data | May 6, 2022
Nonresidential construction spending down 1% in March
National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Market Data | Apr 29, 2022
Global forces push construction prices higher
Consigli’s latest forecast predicts high single-digit increases for this year.
Market Data | Apr 29, 2022
U.S. economy contracts, investment in structures down, says ABC
The U.S. economy contracted at a 1.4% annualized rate during the first quarter of 2022.
Market Data | Apr 20, 2022
Pace of demand for design services rapidly accelerates
Demand for design services in March expanded sharply from February according to a new report today from The American Institute of Architects (AIA).
Market Data | Apr 14, 2022
FMI 2022 construction spending forecast: 7% growth despite economic turmoil
Growth will be offset by inflation, supply chain snarls, a shortage of workers, project delays, and economic turmoil caused by international events such as the Russia-Ukraine war.
Industrial Facilities | Apr 14, 2022
JLL's take on the race for industrial space
In the previous decade, the inventory of industrial space couldn’t keep up with demand that was driven by the dual surges of the coronavirus and online shopping. Vacancies declined and rents rose. JLL has just published a research report on this sector called “The Race for Industrial Space.” Mehtab Randhawa, JLL’s Americas Head of Industrial Research, shares the highlights of a new report on the industrial sector's growth.
Codes and Standards | Apr 4, 2022
Construction of industrial space continues robust growth
Construction and development of new industrial space in the U.S. remains robust, with all signs pointing to another big year in this market segment
