One critical misconception is that a subcontractor’s bankruptcy means that it is going out of business. A bankruptcy by a subcontractor may actually be the method by which the subcontractor continues to operate. For many businesses, the legal process of bankruptcy may simply lead to a restructuring of debt, under Chapter 11 of the U.S. Bankruptcy Code, and operations rather than liquidation, under Chapter 7. div id="articleExtrasA" div id="articleExtrasB" div id="articleExtras" The real issue is what the subcontractor seeks to accomplish within the bankruptcy. For example, a subcontractor may seek to assign or transfer all of its obligations and rights,
‘Hotlanta’ has cooled off, but government and industrial work has picked up in other parts of the state. “The driver (in Georgia) has always been Atlanta, and that is not the case now, with the private sector down and out,” says Jeff George, vice president of the Atlanta Commercial Group at Balfour Beatty Construction. Balfour Beatty has turned to opportunities in other parts of the state, including Columbus, where it and Freeman & Associates of Columbus are building the $35-million G.W. Carver High School and a $42-million barracks project at Fort Benning. “Georgia is doing pretty well, given the economic
Photo courtesy NoliWhite NoliWhite Group field staff carry drawings, change orders and other �paperwork� into the field on an iPad and access files remotely. Related Links: A Health-Care Comeback? NoliWhite Group has found a convenient and inexpensive method of bringing information technology into the field. The Brentwood, Tenn., company has added a WiFi system to the John D. Archbold Memorial Hospital jobsite in Thomasville, Ga., and provided staff with iPads to access project information and specific drawings kept on a website maintained by Lellyett & Rodgers PDM document storage system. “The ability to see all the design information and have
Simulator technology has enabled Rex Healthcare physicians and administrators to virtually “walk through” the Raleigh, N.C., health system’s $200-million campus regeneration project—while it remains in schematic drawings. Photo Courtesy FullCon Solutions FullCon Solutions 1:2:1 Analysis technology allows owners to experience the feel of their new buildings in a full-scale virtual environment. Related Links: The Southeast�s Top Design Firms “It allows physicians and other key stakeholders to experience what the space might feel like and give real-time feedback to the design team,” says Chad T. Lefteris, vice president of support services of Rex Healthcare, a member of UNC Health Care. “We
Health care remains one of the region’s stronger markets, with new projects starting up now that some of the uncertainty surrounding national health-care reform has abated. “The Southeast has more work in the health-care sector than other parts of the country,” says Mike Noli, president of NoliWhite Group of Brentwood, Tenn. “And it’s stronger than commercial or residential.” NoliWhite is building the $109-million, 245,000-sq-ft John D. Archbold Memorial Hospital’s new North Tower in Thomasville, Ga. The 112-bed, eight-story project is the last component of a multiphased modernization initiative. “We have a lot of health-care work,” adds Dave Johnson of Perkins+Will
2009 was a year many working in the Southeast’s construction and design industry would rather forget. While contractors of all types certainly suffered, many architects and other designers felt the pain just as intensely, as the number of business opportunities fell away with the receding markets. At the same time, some engineers and other designers were able to keep busy last year with projects that moved forward as the result of the American Recovery & Reinvestment Act. Related Links: 2010 Top Design Firms Ranking Full-Scale Virtual Design 2010 Top Green Design Firms Ranking Duke Energy Center Certified Platinum Overall, however,
A commitment to energy efficiency and sustainability drove Wachovia Bank in Charlotte, N.C., to build the Southeast’s first LEED-Platinum Core and Shell building. The building is the 51-story Duke Energy Center, and it’s part of a $1.3-billion cultural campus developed by Wachovia’s parent, Wells Fargo Co. “We developed some pretty high-level, triple-bottom-line goals on people, profit and the planet, hanging on energy efficiency and how we could do things to stretch and reach,” says Curt Radkin, development director for the Corporate Properties Group at Wells Fargo. The $390-million, 1.5-million-sq-ft, 51-story Duke Energy Center is the first building to receive LEED-Platinum
The City of Orlando’s $480-million Amway Center, the home of the NBA’s Orlando Magic, opened Oct. 1, in time for the team’s first preseason game on Oct. 10. The Populous-designed facility features seven concourses that provide approximately 875,000 sq ft of space, or nearly three times the area of the old arena. Photo courtesy City of Orlando Orlando's new $480-million Amway Center opened Oct. 1. It was built by a construction team led by Hunt Construction Group. Populous of Kansas City, Mo., was the designer. Turner Construction Co. of Orlando was the program manager. A joint-venture team led by Indianapolis-based
Corgan Associate’s Dallas office announced three new associates to add to its team of professionals with expertise in aviation and interior design. Dan Hursin, Ginger Gee and Shelly Nichols were promoted to associate. Gee received a bachelor’s degree in interior design from Harding University in Arkansas and received her master’s of architecture from the University of Texas at Arlington. div id="articleExtrasA" div id="articleExtrasB" div id="articleExtras" STG Design in Austin announced the promotion of two team members, PollyAnna Little and Jeff Ervin. Little has been promoted to principal and Ervin to associate principal. Little is a graduate of the University of
In June the International Accounting Standards Board (IASB) and U.S. Financial Accounting Standards Board (FASB) published a draft to improve and align the financial reporting of revenue from contracts with customers and related costs. While an honest effort to reduce U.S. revenue industry standards from more than 100 to five or less and mesh U.S. and international standards, the proposal became impractical, unwieldy and will increase business costs. Construction firms should resist it. div id="articleExtrasA" div id="articleExtrasB" div id="articleExtras" The deadline for comments on the proposal is Oct. 22. The potentially negative impact on construction firms has most industry accountants,
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