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Project sites set ablaze in Minneapolis, D.C. and Ohio, as construction is shut down in downtown Chicago and in California; NYC sets first curfew in decades amid looting, even of boarded-up stores.
Because construction projects are highly complex, collaborative, interdependent and long-lasting team efforts, the exact final cost is impossible to estimate.
With recent project execution issues and results surprises among publicly traded engineering and construction firms, some question traditional industry business models.
Contractors on the $2.7-billion Silver Line Metro extension in northern Virginia will protect or replace 1,569 precast concrete panels used on five stations after multiple issues were discovered on hundreds of the panels.
Even as hard-hit areas of two of the country’s most developed regions push for normalcy after back-to-back hurricanes in early September, policymakers and construction industry experts are weighing the longer-term implications of the damage in Houston, Florida and the Caribbean from Harvey and Irma—and how and whether infrastructure resiliency can be accelerated and how that will affect coastal development.
Continued construction risk in public-private partnerships was a key topic for financing experts on a panel hosted by investment firm D.A. Davidson as part of its annual investor conference.
The tech world is counting on construction professionals not only to keep informed about new technology but also to use leading-edge solutions to tackle intractable problems.