Industry Update

8/28/24

Author

J W
August 28, 2024

🏗️ Construction Industry Update - August 28, 2024 🏗️

Top Headlines

1. Clark Construction Lands $524M Contract: The new Cybersecurity and Infrastructure Security Agency headquarters in DC gets a boost with $115.8M in Inflation Reduction Act funding. Read more ➔

2. Vegas Convention Center on Track: AECOM Hunt-Penta JV places the final beam on the $600M exhibition hall, set for 2025 completion. Read more ➔

3. Lendlease Reports $1B Loss: The Australian company sells off US work to focus on successful sectors at home. Read more ➔

Market & Trends

1. Skanska's Market Trends Report: Highlights hot markets, uneven supply chains, and growth opportunities in new sectors. Read more ➔

2. Top Construction Trends for 2024: Explore the top 23 trends shaping the future of construction. Read more ➔

3. Heavy Construction Industry Boom: Growth in telecommunications, renewable energy, and power generation sectors. Read more ➔

Company News

1. EME, MTZ, GVA, PRIM, GLDD Stocks to Watch: Companies set to benefit from growth in heavy construction. Read more ➔

2. Lendlease's Strategic Shift: Moving away from international projects to focus on successful sectors at home. Read more ➔

3. Clark Construction's Major Win: Secures a $524M contract for a new cybersecurity hub in DC. Read more ➔

Technology & Innovation

1. JE Dunn's Preconstruction Tech: The estimating tool, Align, wins Fast Company award. Read more ➔

2. Integrated Data Ecosystems: Transforming construction productivity through free movement of data. Read more ➔

3. Top 10 Construction Innovations: Building information modeling, robotics, and advanced materials. Read more ➔

Sustainability

1. Cushman & Wakefield's Sustainability Trends: SEC's final climate rule to require public companies to disclose climate-related risks and emissions. Read more ➔

2. Skanska's Sustainable Solutions: Innovating with new technologies and sustainable practices. Read more ➔

3. Electrification and Decarbonization Initiatives: Surge in public infrastructure work and sustainable projects. Read more ➔

Workforce & Skills

1. Recruiting and Retention in Construction: Strategies to address labor shortages and improve workforce skills. Read more ➔

2. Training Programs for Construction Workers: Focus on upskilling and retaining talent in the industry. Read more ➔

3. Labor Shortage Challenges: Skanska's report highlights industry labor shortages and forecasts. Read more ➔

International Projects

1. Tutor Perini's Honolulu Project: Resubmits bid for the $1.66B light rail job after cost overruns. Read more ➔

2. Lendlease's US Divestment: Focuses on successful sectors at home after selling off US projects. Read more ➔

3. Global Construction Updates: Latest news and updates from the international construction industry. Read more ➔

Policy & Regulation

1. SEC's Climate Disclosure Rule: Public companies to disclose climate-related risks and emissions. Read more ➔

2. Construction Regulations and Compliance: Navigating the latest policy changes and regulatory requirements. Read more ➔

3. Impact of New Regulations on Construction: How new policies are shaping the industry. Read more ➔

Materials & Innovation

1. Advanced Building Materials: Innovations in materials driving the future of construction. Read more ➔

2. Sustainable Construction Materials: Trends in eco-friendly and sustainable building materials. Read more ➔

3. Material Supply Chain Challenges: Addressing supply chain issues in the construction industry. Read more ➔

Financial & Legal

1. Construction Industry Financial Trends: Insights into financial performance and trends in the industry. Read more ➔

2. Legal Challenges in Construction: Navigating legal issues and disputes in the construction sector. Read more ➔

3. Financial Strategies for Construction Firms: Best practices for financial management and growth. Read more ➔

Looking Ahead

1. Future of Construction: Trends and predictions for the construction industry in 2025 and beyond. Read more ➔

2. Upcoming Construction Projects: Major projects and developments to watch in the coming years. Read more ➔

3. Innovations Shaping the Future: How technology and innovation are transforming construction. Read more ➔

Innovation

1. Construction Robotics: The rise of robotics in construction and its impact on the industry. Read more ➔

2. Building Information Modeling (BIM): How BIM is revolutionizing construction planning and execution. Read more ➔

3. Preconstruction Technology: Tools and technologies improving preconstruction processes. Read more ➔

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(1) Construction News and Trends | Construction Dive. https://www.constructiondive.com/.

(2) Skanska's Summer 2024 Construction Market Trends Report Details Hot .... https://finance.yahoo.com/news/skanskas-summer-2024-construction-market-190800411.html.

(3) Top 10 Construction Trends & Innovations in 2025 - StartUs Insights. https://www.startus-insights.com/innovators-guide/top-10-construction-industry-trends-innovations-in-2021/.

(4) The Top 23 Construction Industry Trends for 2024 - OpenAsset. https://openasset.com/blog/construction-industry-trends/.

(5) Construction industry news | Construction Today Magazine. https://construction-today.com/news/category/news/.

(7) Op-ed: A silent hazard in the construction industry needs our attention. https://www.crainsnewyork.com/op-ed/silent-hazard-construction-industry-needs-our-attention.

(9) Global construction industry news and updates - World Construction Today. https://www.worldconstructiontoday.com/news/.