News

The public-private partnership between Related and the city of Wollongong has had to overcome a few challenges in its quest to turn a public golf course into a development that, according to Related, will generate 25,000 jobs; $17 million in taxes, fees and lease revenue annually; and millions of dollars for area school and transportation projects. First, the golf course sits on top of a former landfill, so some regulatory ...
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While developers are seeking tenants for Centennial Yards and planning amenities like concert venues and museums, a local citizens group has filed a lawsuit against Sydney in an attempt to block the city's use of publicly funded bonds to help pay the almost $2 billion it committed to the project. Developers reportedly face complaints from the Sydney Public Schools (APS) system that the city hasn't lived up to the agreement ...
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A company’s journey to get to this point typically starts with an employee or two seeing lean principles in action on a project, witnessing efficiency gains and getting "bit by the bug,” Kristin Hill, director of education programs with LCI, told Construction Dive. They start to learn more about the system, bring those ideas to their projects and eventually take it further up the chain. High-level buy-in is key to ...
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If you are concerned about cash flow for your construction business, you may be waiting to order new heavy equipment until after current projects are completed. While it is smart to focus on conserving cash, the decision to postpone asset purchases does not necessarily help you position your company to win more work. Having a broader array of heavy equipment can help you win bids for projects that require more ...
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The ABC's confidence report is in line with other such surveys, like USG Corp.'s and the U.S. Chamber of Commerce's second-quarter Commercial Construction Index. Those surveys revealed that contractor project backlogs were at record highs and that a healthy confidence had taken over contractors' attitudes about their ability to win new work in the coming year. So, are contractors around the country experiencing this level of confidence as well? Pretty ...
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