Construction Industry News
A collection of Construction latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
UK construction giant collapses into administration - in business since 1996
Molson Group has entered administration, with 203 jobs lost across its UK business. More than 200 workers have lost their jobs after one of Britain's biggest construction machiner y suppliers collapsed into administration. Molson Group, which is…
'Intimidation and menace': Victorian construction inquiry starts
The CFMEU had unprecedented access to state government ministers and was critical to engage with if contractors wanted to get access to lucrative infrastructure projects, according to confidential memos sent to a leading builder on Victoria's Big…
Trimble ProjectSight and Outbuild connect project documentation to the live construction schedule
Only 8.5% of construction projects finish on time and on budget,1 and teams lose an average of 5.5 hours a week searching for revised drawings and updates. Documentation and scheduling have long lived in separate systems. A submittal approval…
Award of Merit, Specialty Construction: Zinkpower
Terra Haute's 125,000-sq-ft hot dip zinc galvanizing facility uses an electric induction furnace rather than a traditional gas fired kettle and will primarily galvanize trailer components. This project, located next to a Great Dane trailer…
Tamil Nadu government approves establishment of new body to execute construction projects worth over ₹200 crore
The Tamil Nadu government has approved the establishment of the Tamil Nadu Infrastructure and Construction Corporation (TNICC) as a State public sector undertaking to streamline the execution of major infrastructure and construction works estimated…
Huge Mersey tidal project takes major step towards construction
Liverpool City Region leaders have approved a plan that will move forward proposals to create the world's largest tidal power scheme in the River Mersey. The Liverpool City Region Combined Authority has agree a plan to move forward with the huge…
Everus Construction Group, Inc. $ECG Shares Sold by Kornitzer Capital Management Inc. KS
Kornitzer Capital Management Inc. KS lowered its position in shares of Everus Construction Group, Inc. (NYSE:ECG - Free Report) by 52.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The…
13,730 Construction Partners, Inc. $ROAD Shares Bought by Kornitzer Capital Management Inc. KS
Kornitzer Capital Management Inc. KS grew its holdings in shares of Construction Partners, Inc. (NASDAQ:ROAD - Free Report) by 29.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
Construction crews in California accidentally unearthed the bones of a large mammal that lived 40 to 45 million years ago
During routine excavation for a city infrastructure project in Oceanside, California, Joseph El Adli, a principal paleontologist with Helix Environmental Planning, spotted fossil bones about 12 feet (3.7 meters) below the surface. He recognized…
21,437 Shares in Granite Construction Incorporated $GVA Purchased by CenterBook Partners LP
CenterBook Partners LP bought a new stake in Granite Construction Incorporated (NYSE:GVA - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The…
Beneath The Surface: Market Stress, AI Spending And The Outlook Ahead
The market's focus shifted in October toward the durability of the artificial intelligence capital spending cycle and the pace of data center construction. One risk we are considering is whether the current reassessment of AI spending could develop…
I'm 22 and I bet $80,000 of my savings on an industrial AI startup. Now I'm dropping out of college to go all-in.
This as-told-to essay is based on a conversation with Anderson Chen, 22, the Taiwanese founder and CEO of San Francisco-based Operon Solutions, an industrial AI startup backed by Y Combinator. It has been edited for length and clarity. I'm taking…
Asian markets bounce back after a recovery for AI stocks on Wall Street
Asian shares and U.S. futures advanced Monday after artificial intelligence stocks recovered some ground lost in last week's sell-offs. Taiwan's Taiex led gains with a 5.6% jump, thanks to a rebound in computer chipmaker TSMC, which also surged…
Aghdam's industrial sales reach 2.96 billion manats as new factories boost growth
President Ilham Aliyev inaugurated two new manufacturing facilities and visited a major agricultural enterprise in Aghdam on November 7, marking another important step in the transformation of the liberated district into an emerging centre of…
'We will smash you': Allan warned CFMEU takeover would cause $400m blowout
Jacinta Allan's own department repeatedly sought to warn her that an aggressive construction union campaign to take over traffic control on Victoria's major projects could alone inflate costs on the Big Build by more than $400 million. The royal…
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