Business | Engineering News-Record

Construction Tech Startup Versatile Secures $80M in Series B Funding Round

September 16, 2021

Crane-mounted sensor and jobsite intelligence startup Versatile announced on Sept. 14 that it has secured $80 million in Series B funding. This comes on the heels of a $20 million Series A funding round secured in December 2020.

Business Management

Q&A: Bentley Systems' Claire Rutkowski on Remote Work, Burnout and the Hybrid Office

Jeff Rubenstone

September 1, 2021

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The tech firm's CIO talks with ENR about how a blend of remote and in-office workers will be the norm going forward, and how industry firms can adapt to this hybrid approach.

Construction Pay Disputes

With No Signed Contract, Mortenson Sues Developer for $1.3M Over Dropped Soccer Stadium

Richard Korman

August 18, 2021

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Will the lack of a signed contract for planned Sacramento project hinder CM firm's quest for pre-construction service payments?

Midyear Outlook

Experts Predict a Strong Second Half of 2021 as the Economy Recovers

Alisa Zevin

July 14, 2021

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Residential, warehouse construction continue to lead industry in an economy spurred by federal stimulus and vaccination rates.

2021 2Q Cost Report: Raises Are Back for Professional Staff But at Conservative Rates

High materials costs and other pressures may curb bonuses, but need for staff could change that

Bruce Buckley

July 1, 2021

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While demand for experienced construction professionals runs high in many sectors, average compensation remains soft following the uncertainty created by the COVID- 19 pandemic.

2021 2Q Cost Report: Industry Execs Believe Recovery Is in Full Swing

Labor and materials challenges remain, but optimism is high.

Jonathan Keller

July 1, 2021

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The first six months of 2021 have seen big materials cost hikes, increasing labor shortages and uncertainty over federal action on a major infrastructure package.

2021 2Q Cost Report: Supply Issues Persist Even as Lumber, Other Prices Stabilize

Jeff Yoders

July 1, 2021

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While price increases in softwood lumber have pushed new home costs higher due to homebuilders’ extensive use of the material, estimators for all other building types have felt the pinch as well.

2021 2Q Cost Report: Residential Sector Continues to Lead Economic Recovery

Alisa Zevin

July 1, 2021

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As the COVID-19 pandemic recedes in the U.S. and restrictions on work and other interactions are lifted, the construction sector’s rebound is underway, with some markets bouncing back faster than others, analysts say.

Industry Leads for the Week of June 28, 2021

June 23, 2021

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Standard Lithium Ltd. is considering constructing a direct lithium extraction and lithium hydroxide plant at its 27,000-acre TETRA Property in the Smackover Formation area of Columbia and Lafayette Counties.