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Business: Page 178
Business
Colorado experiences $3.4 billion hospital building boom
Colorado is experiencing a $3.4 billion building boom thanks to 50 hospital construction projects across the state, NBC 11 News reported. In addition to new hospital construction, 11 additions have been started in Aspen, Boulder, Grand Junction, Pueblo and the Denver area. With the building boom, Colorado may soon see its most expensive current hospital […]
January 8, 2013
Business
Sumitomo acquires majority stake in Sunstate Equipment
Japanese company Sumitomo Corporation announced this morning that it has increased its investment to become the controlling interest in Sunstate Equipment Co. with 80 percent of the company’s shares. Despite the U.S. construction equipment rental industry’s downturn, in December 2009 Sumitomo made a $50 million investment in Sunstate because it “was convinced that industry was […]
January 8, 2013
Sponsor Content
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Hemisphere GNSS
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October 7, 2026
Business
AGC New York wins award for military support
The Associated General Contractors of New York State received an Employer Support of the Guard and Reserve Patriotic Award for its support of the United States military, timesunion.com reported. The award was presented to AGC New York president and CEO Michael Elmendorf for going above and beyond the law in supporting members of the military. […]
January 8, 2013
Business
World of Concrete reveals Crews That Rock 2013 winners
World of Concrete (WOC) has announced the top winners of its “Crews That Rock 2013” contest. Each crew will receive an airline credit and hotel stay for WOC 2013 in Las Vegas, Nevada, plus other prizes and WOC swag. In the Commercial/For-Profit category, Hampton Commercial Construction won for the company’s Nebraska City Power Plant Silo […]
January 8, 2013
Business
New York reviews methods to prepare, respond to future disasters
The NYS 2100 Commission, a panel put in place to issue recommendations for how New York should spend some of the $60 billion it received to recover from superstorm Sandy that hit October 29, released its preliminary report on ways to harden infrastructure in case of future emergencies, The Wall Street Journal reported. Rockefeller Foundation […]
January 8, 2013
Business
Construction job growth means hope for U.S. economy
A new report from the Washington Post calls the construction industry one of the “bright spots” in the recovering labor market, noting that the industry’s addition of 30,000 jobs in December accounted for one-fifth of all jobs added in the U.S. that month. The Post makes mention of the labor shortage that construction faces. Noting […]
January 7, 2013
Business
Defense bill adds nearly $500 million in North Carolina military construction projects
President Barack Obama signed into effect a $633 billion defense bill the night of January 2, the Associated Press reported. Though the bill does include cuts in overall defense spending, it is expected to pull in nearly $500 million for construction projects for military bases in North Carolina. The bill also grants all military personnel […]
January 4, 2013
Business
U.S. needs new bridges but states lack funding
The average age of the 600,000 bridges in the United States is 43 years old, according to a new report from the Washington Post. And considering that bridges are built to last about 50 years, that means a great deal of them will soon need to be replaced. In fact, as the Post reports, 70,000 […]
January 3, 2013
Business
Report: Road construction to see only slight improvement in 2013
Despite the ongoing economic recovery, the U.S. road construction market is tough going and will only slightly improve in the new year, according to a new report. SBI, a division of MarketResearch.com, recently released its U.S. Road, Bridge and Tunnel Construction Market report, which predicts “only slight growth through 2014” and a market growth over […]
January 3, 2013
Business
Construction companies must keep up with mobile tech
There appears to be an odd contrast between how technology meshes with our daily lives and how it mixes into our chosen field of construction. While new technology crops up at lightning speed and nearly to excess, there seems to be a dearth of technology within the construction industry. With so much continual development in […]
January 3, 2013
Business
Morbark acquires Boxer Equipment product line
Morbark, a manufacturer of tree care, sawmill, recycling, forestry and biomass chipping and grinding equipment has finalized its acquisition of Boxer Equipment, a product line of Mertz Manufacturing that manufactures and markets compact utility loaders and attachments. As part of the transaction, Morbark has acquired all product designs, intellectual property and manufacturing tools, as well […]
January 2, 2013
Business
Construction spending up 7.7 percent in November
Construction spending increased by 7.7 percent in the year between November 2011 and November 2012, to nearly $866 million, according to seasonally-adjusted data released by the United States Census Bureau. Month-to-month, the preliminary spending figure of $865.9 million is down 0.3 percent from October 2012’s revised figure of $868 million. The slight month-to-month drop is […]
January 2, 2013
Business
National Trench Safety adds 18th Florida location
National Trench Safety (NTS) has acquired two of U.S. Shoring’s operating assets in Tampa and Miami, bringing the company’s network in Florida to 18 locations. Ernie Perez and Richard Hearn will continue to manage the locations in Miami and Tampa, respectively. NTS plans to open more branches in 2013 and 2014, though no details have been […]
January 2, 2013
Business
Congress passes fiscal cliff deal
With negotiations extended to the absolute deadline, Congress passed a deal on New Year’s Day that will that will prevent the U.S. from going over the so-called “fiscal cliff.” Early Tuesday morning, the Senate passed the measure 89-8. Late Tuesday night, the GOP-run House of Representatives approved the measure 257-167. Among House Republicans the vote […]
January 2, 2013
Success Stories
Todd Bennick, high-flying motorcycle champ, finds new career in heavy equipment
Todd Bennick looked around one day and decided that the wild and wooly life on the road was not the path God wanted him to follow.
January 1, 2013
Roadbuilding
Conflict in a contract?
Conflict in a Contract? Documentation key to “equitable adjustment” ruling despite a “no damages for delay” provision (For a downloadble PDF of this “In Court,” click here.) A general principle of contract interpretation is that contracts are to be read and interpreted as a whole, giving a reasonable meaning to all terms to the extent […]
January 1, 2013
Business
Stop, Thief!
Theft deterrents have one aim: Frustrating the bad guys.
December 31, 2012
Business
Dallas transforms with $2.3 billion in development since 2002
Residents of Dallas, Texas have seen their city literally transform around them in the past decade thanks to $2.3 billion in investment and redevelopment since 2002, the Dallas Morning News reports. According to the News, the area is unrecognizable from 10 years ago. In fact, one oilman in the area says Dallas is experiencing a […]
December 31, 2012
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