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In a surprising shift for a traditional tool manufacturer, Stanley X, the innovation division of Stanley Black & Decker, has acquired Buildup, a project management platform used by general contractors and trade workers for punchlists, inspections and other tasks.
Legislation passed June 2 and set to be signed into law by Gov. Andrew Cuomo, limits to three years contractor liabilty for a subcontractor not paying wages.
Revenue for construction management-at-risk and design-build delivery reached all-time highs before the pandemic plagued the market. But this year’s company rankings tell a more complicated story about alternative project delivery during a crisis.
3D imaging and measurement firm FARO Technologies announced on June 7 that it is acquiring 360° reality capture firm HoloBuilder in a $34 million deal.
The vertically integrated construction startup that sought to bring the myriad aspects of design, manufacturing and construction under one roof, is set to stop operations, according to media reports.
As Bechtel focuses on shrinking its cost structure, another company rises to lead the 2021 top U.S. contractors ranking, for the first time in 20 years.
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