Prices for inputs to construction industries declined 0.1% in July after increasing 0.2% in June, according to the Aug. 14 producer price index release by the Bureau of Labor Statistics. Year-over-year prices were down 3% in July and have been down on an annual basis for each of the past eight months. Prices of inputs to nonresidential construction industries declined 0.3% on a monthly basis and are down 3.9% on a yearly basis.“Key input prices fell or were flat in all but one category in July, and it is important to note that further downward pressure on input costs is
Construction spending in June recorded the highest year-over-year growth rate since 2006, according to a recent analysis by the Associated General Contractors of America.
At a seasonally adjusted annual rate of $629.4 billion, new construction starts in July were essentially unchanged from June’s pace, according to Dodge Data & Analytics.
Squeezing work on 12 bridges and numerous ramps into 18 months and just over a mile of congested urban corridor, the Colorado Dept. of Transportation is wrapping up a $98-million project along the busy U.S. 6 corridor in Denver.
The Regional Transportation District Board of Directors approved in late July a $140-million, two-phased contract award to Balfour Beatty Infrastructure Inc. (BBII) to design and build the Southeast Rail Extension in Denver. Design will begin this fall, with construction expected to start in spring 2016. The construction phase is dependent on the award of a Full Funding Grant Agreement from the Federal Transit Administration (FTA). BBII has committed to completing construction of the line by early 2019.“The board’s contract award is a strong symbol of how much we value the collaborative and innovative spirit of working with our regional partners,”
The Colorado Dept. of Transportation, the High Performance Transportation Enterprise (HPTE) and the Colorado Bridge Enterprise recently announced the four teams shortlisted to continue the process of qualifying to build the I-70 East Project. In response to a March release of the I-70 East Project’s Request for Qualifications, five statements of qualifications (SOQs) were submitted in June from combined teams of construction and engineering firms, operators and equity investors. The teams were evaluated on their organizational structure, experience on like projects, approach to the project and financial capacity.The four shortlisted teams are:• 5280 Connectors• Kiewit/Meridiam Partners• Front Range Mobility Group•
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