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Offshore wind’s dual tendency to highlight critical needs and shatter expectations has shown itself more than once. Like our other infrastructure, it needs large-scale, long-term investments in which both public and private sectors play a role.
The construction industry is no stranger to challenges. Labor shortages, volatile costs, and disruptions in the supply chain have become the new normal, making it increasingly difficult for contractors to deliver successful and profitable projects.
AIA/Deltek index score fell back into negative territory last month as.conditions softened for design firms. Excluding slight growth seen in March, billings have declined every month since last October.
Construction firms in the mountain states are plenty busy. A surge of people moving to the region—especially Colorado, Utah and Idaho—has created a “solid funnel of multifamily housing projects,” says Jeff Palmer, executive vice president at Layton Construction.
As the world continues its widespread vaccination effort, COVID-19 restrictions ease somewhat and the $1-trillion U.S. infrastructure spending package moves forward, forecasters express cautious optimism about the year to come.
The construction industry experiences some of the highest incidences of litigation. Here are the contractual clauses most often involved in disputes and suggested variations that could help avoid the headaches and costs of litigation.
There is one bright spot in the December “termination for convenience” of the main contracting joint venture on the Boston area’s Green Line Extension light-rail project: No one is pointing fingers at the contractor as the key culprit behind the project’s soaring cost, which currently is $700 million to $1 billion over its roughly $2-billion budget.