A “shark tank” panel of private equity investors at the American Society of Civil Engineers innovation awards celebration in June shed light on how they evaluate prospects, what red flags they look for and how innovation is likely to advance in an industry whose customers are dominated by public sector owners predisposed to “say no.”
Looking for the bright side of the construction crane market has taken considerable effort in the last few years, but an uptick in sales in the first half of 2017 and an increased level of interest from customers has crane manufacturers reevaluating their product lines and rental firms shoring up their distribution channels.
Odebrecht executives began the task of rebuilding the scandal-ridden Brazilian company’s reputation at its business and engineering conference in New Orleans last month.
Despite President Trump’s re-tightening U.S. policies toward Cuba, construction industry firms and heavy-equipment makers still hope there will be avenues to provide products and services there.
A $25-million demonstration project under construction in Suffolk, Va., will show officials from the Hampton Roads Sanitation District how to address a myriad of problems facing the water utility, including a rapidly shrinking water aquifer, land subsidence and a potential checklist of requirements for restoration of the Chesapeake Bay.