Related Links: Industry Sees Recovery Ahead After Four Years of Gloom Read the Complete 2012 Q1 Cost Report PDF Three years ago, when construction was reeling from the slumping economy, the federal government provided welcome relief for design firms and contractors: Uncle Sam started to pump about $130 billion in stimulus-act construction funding and a similar amount of regular appropriations into the market.But now, with the construction stimulus funds nearly all spent or spoken for, Congress is tightening federal purse strings. Current and probable future cuts in infrastructure and buildings programs pose yet another obstacle to recovery for a construction
University of California San Diego Health System California Building The Jacobs Medical Center project will be the biggest in UCSDs history. Related Links: The Top 425 Owners Main Story ENR Top Owners Sourcebook: Overview, Rankings and Market Sector Reports Construction is picking up in the health-care market, but renovations trump new building and raising capital is becoming more difficult. Unlike the boom decade of hospital construction prior to 2008, hospitals are now more constrained in their spending habits. Nonetheless, significant projects are under way, and interest in the health-care sector is growing.The American Society of Healthcare Engineering says its latest
Photo courtesy of Weill Cornell Medical College Weill Cornells new medical research building is set for completion in 2014. The U.S. market for education-related construction remains in the doldrums due to the weak economy and still-tightening state and local budgets, say representatives of many public school districts, colleges and universities.But there are rays of hope. Some localities that have suffered less from the economic bust continue to fund major projects, and numerous higher-education jobs are advancing to construction thanks in large part to private-sector donations.Dwindling DollarsHowever, much of the news is bleak. “In our current five-year capital spending plan we
Related Links: Complete Top Owners Sourcebook Package: Overview, Rankings and Sector Reports (pdf) 1Duke Energy Corp., Charlotte, N.C.49007,015.0+313,177-3758,539+62Dominion Resources Inc., Richmond, Va.49005,050.0+24819-7739,855+23AT&T Inc., Dallas, Texas48004,980.0+581,741+10125,979+74El Paso Corp., Houston, Texas49004,800.0+333,611+4544,493+95Southern Co., Atlanta, Ga.49004,775.0+153,825-962,176+76The AES Corp., Arlington, Va.49004,459.0-4289+52,215+157Verizon Communications Inc., New York, N.Y.48004,375.0+31-428-14121,064-28Wal-Mart Stores Inc., Bentonville, Ark.53004,262.0-185,394NM79,051+79NextEra Energy Inc., Juno Beach, Fla.49003,841.0+584,052-1354,221+810Dow Chemical Co., Midland, Mich.28003,463.0+72-369-1334,442-811Edison International, Rosemead, Calif.49003,291.0+223,210-431,097+1212Las Vegas Sands Corp., Las Vegas, Nev.79003,147.8-443,984+57710,882+5813American Electric Power Co Inc., Columbus, Ohio49002,758.0-92,056+453,740+414Intel Corp., Santa Clara, Calif.36002,639.0-6NANANANA15Johnson & Johnson, New Brunswick, N.J.28002,577.0+2216-819,079+216Google Inc., Mountain View, Calif.73002,329.0+42NANANANA17Valero Energy Corp., San Antonio, Texas29002,303.0-1557-591,067+618Progress Energy Inc., Raleigh, N.C.49002,205.0+231,498-1332,807+519Alcoa Inc., New York, N.Y.33002,192.0-101,085-6011,627+1020Walt Disney Co., Burbank, Calif.48002,180.0+61-49NA644-721PPL Corp.,
Related Links: ENR Top Owners Sourcebook: Overview, Rankings and Sector Reports As the construction recession continues to drag on, industry firms continue to look to their clients to see when the downturn will end. While many owners believe the worst is past, most acknowledge there will be no quick turnaround in construction or capital spending in the near future. When the market does turn around in a big way, owners worry about who will be there to take up the burden of rebuilding the nation's industrial and public infrastructure.As part of its overview of owners, ENR once again is presenting
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