Exempla Saint Joseph Hospital has begun a series of concrete pours on the first floor deck at the replacement hospital’s jobsite—at an elevation of exactly 5,280 ft—well suited for the newest hospital being built in the Mile High City. The Denver office of Mortenson Construction, the project’s general contractor, started the first concrete pour on May 17, and will eventually include 4,643 cu yd of concrete, becoming the foundation of the hospital’s 115,68-sq-ft first floor. Photo courtesy of Mortenson Construction The new hospital will eventually include 4,643 cu yd of concrete, forming the foundation of the hospitals 115,68-sq-ft first floor.
Confidence in the equipment finance market was at 59.2 in May, down slightly from the April index of 62.1, reflecting uncertainty about the pace of U.S. economic growth and concerns about global political and economic factors. The latest information comes from Equipment Leasing & Finance Foundation (the Foundation) in its May 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI).Designed to collect leadership data, the index reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives from the $628-billion equipment finance sector.The May 2012 survey results include: • The overall
The U.S. Green Building Council recently announced that more than 20,000 homes across the U.S. have earned certification through the LEED for Homes program. LEED for Homes is a national voluntary certification system that provides guidance and verification that homes are designed and built to be energy and resource efficient and healthy for occupants.“There are green homes, and then there are LEED homes. This milestone is evidence that the residential market is increasingly recognizing this fact,” said Nate Kredich, vice president of residential market development, USGBC. “LEED for Homes is moving the residential market further and faster towards high-performing, healthy
The Regional Transportation District received two competitive proposals in mid-June for the I-225 Light Rail Project. The competing teams are Balfour Beatty Ames Joint Venture, which includes Scotiabank Global Banking and Markets, Orrick, Herrington & Sutcliffe LLP, Bank of America Merrill Lynch Global Markets; and Kiewit Infrastructure Co., which includes Mass. Electric Construction Co., AECOM, and RBC Capital Markets.The teams submitted proposals as part of RTD’s request for proposals process. Kiewit first approached RTD earlier this spring with an unsolicited proposal. After reviewing the initial proposal, RTD staff determined it was consistent with the agency’s Unsolicited Proposals Policy and worthy
I was amazed to see the progress taking place at Denver Union Station during a tour hosted by Society of Marketing Professionals last Wednesday. Is the construction happening at a frenetic pace or had I just not ridden the mall bus past Tattered Cover or looked behind Union Station for a while? The new transfer station for the mall bus and light rail opened a few weeks ago and the structures with skylights serving the new underground bus facility are emerging into the nearby plaza (along with the large, slightly eerie intake and exhaust shafts that were incorporated into the
The amount contractors pay for a range of key construction materials edged down 0.3% in May and climbed by only 2.3% from a year earlier, according to an analysis of producer price index figures released last week by the Associated General Contractors of America. Meanwhile, the amount contractors charge to construct projects remained largely flat for the month and is up only between 3.1% and 4.3% for the year. “The slowdown in construction input price increases is a rare and possibly short-lived event,” said Ken Simonson, the association’s chief economist, noting that the last time prices rose so slowly from
Following the first negative reading in five months during April, the Architecture Billings Index (ABI) had a significant drop in May. As a leading economic indicator of construction activity, the ABI reflects the approximate nine- to 12-month lag time between architecture billings and construction spending. The American Institute of Architects reported the May ABI score was 45.8, following a mark of 48.4 in April. This score reflects a sharp decrease in demand for design services (any score above 50 indicates an increase in billings). The new projects inquiry index was 54.0, down slightly from mark of 54.4 the previous month. “For
For those who prepare their own mechanic’s liens or those who have unwanted mechanic’s liens filed against their projects or their properties, here’s a hint: A June 4, 2012, Colorado Supreme Court case may make a difference. That case, in responding to a question submitted by the bankruptcy court, answered that a deed of trust (mortgage) that described the property only by its address would not be adequate. In that case, the deed of trust referred to a legal description that was an attached exhibit, but it was recorded in the office of the county clerk and recorder as required—without
It will come as no surprise that the poor economy, which has resulted in massive layoffs and terminations, has caused increases in employment-related claims and lawsuits in general. Wage-and-hour litigation seems to be increasing the fastest; the Department of Labor estimates that wage and hour complaints increased 15% from 2009 to 2010. That is not surprising when you consider the complexity of the laws applying to who is exempt and who isn’t, and how to calculate overtime for those employees who are non-exempt. Even the most diligent employer has difficulty sorting through the morass of rules and regulations, let alone
More states lost construction jobs in May than at any point since June 2011 as 30 states experienced annual job losses and 27 states and Washington, D.C. lost jobs during the past month, according to a recent analysis by the Associated General Contractors of America of Labor Department data. The weak state construction employment figures come as public investments in construction decline and the federal transportation program is at risk of shutting down June 30. “As the public sector continues to restrain growth in construction demand, we will continue to see weak reports like this,” said Ken Simonson, the association’s
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