Although most construction markets have seen growth over the past decade, the petroleum market is a notable exception with a 59% drop from its high in 2013.
No reason stated for energy contractor former chief's action; infrastructure leader Maria Lehman, elected ASCE 2022-23 president, intends to "right some of the wrongs in the profession right now," she said.
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.