Articles from Construction Dive

The article discusses the fluctuations and risks associated with investing in gas power generation, noting that valuations for mergers and acquisitions have doubled since 2024. Despite the rising valuations, new generation projects are considered risky by analysts. This highlights the volatile nature of the energy market and the challenges faced in predicting returns on such investments.

Michigan has introduced a mass timber program to encourage the adoption of this alternative building material. The state will provide financial support, guidance, and technical assistance to accommodate rising demand. This initiative is part of a broader effort to incorporate sustainable building practices in construction.

Sundt, Jacobs, and HDR have completed a $597 million wastewater treatment plant in San Mateo, California. The plant is a key part of San Mateo’s $1 billion Clean Water Program, aimed at upgrading the sewer infrastructure in the San Francisco Bay area. This project is instrumental in modernizing the region's water management systems.

Although federal construction reports have halted due to the government shutdown, private indicators reveal a stable yet varied activity across different construction sectors. Some sectors are experiencing growth while others face a downturn. This indicates an uneven landscape in the market, with some segments booming and others declining.

Clark Construction and D.A. Everett have formed a joint venture to lead an $800 million upgrade of the Bank of America Stadium in Carolina. The renovation project is set to begin in 2026. This initiative aims to enhance the current facilities within the stadium to better accommodate NFL events.

Contractors involved in the renovation of historic buildings often encounter scope changes, but the rapid demolition of the East Wing at the White House presents a unique challenge. The project highlights the complexities and risks associated with preserving historical sites while upgrading them for modern use. This particular demolition process stands out for its speed, making it a point of interest for industry specialists.

Skanska has commenced construction on a $312 million women's prison in Chesterfield Township, New Jersey. The facility will cover a 33-acre campus and is designed to accommodate 400 beds with a focus on providing a secure environment for therapeutic rehabilitation. Stakeholders emphasize the importance of creating a safe and secure setting for rehabilitation.

Dan Lester from Clayco discusses the findings of a survey involving 2,000 construction professionals, revealing that a significant portion of employees in the industry are experiencing mental health struggles. The survey emphasizes the need for leaders to 'model vulnerability' to better support their workforce. The results suggest a growing awareness and need for mental health initiatives within the construction sector.

Ian Choudri, the CEO of the California high-speed rail project, has made significant changes to get the project back on track. He has hired a new team and revised the project plan, signaling a renewed commitment to 'build more and go forward'. These adjustments are part of Choudri's strategy to overcome previous setbacks and push the project forward.

The Federal Reserve's latest interest rate cut on Wednesday is improving construction industry confidence. This measure is expected to foster a more favorable borrowing environment by next year. Insights from a general contractor based in Fort Myers, Florida, suggest this could positively impact construction activities.

The hotel construction pipeline in the United States remained stable in the third quarter, although there was a slight decrease from earlier quarters. Dallas led the market with the most hotels under construction during this period. Brand conversions in the hotel sector reached a record high, as reported by Lodging Econometrics. This indicates a continued demand for hotel transformation and adaptations rather than new builds.

OpenAI and Oracle are planning a massive data center project in Wisconsin, with an estimated cost of $15 billion. The project comprises a four-building campus and is expected to be completed by 2028. The news release highlights the technological collaboration and the scale of this construction endeavor.