Construction Industry News: May 4, 2018

Construction industry has challenges, but economy is sound
Contractors can expect continued challenges finding workers and meeting the demands of those wanting housing or new commercial space, but the economy for the industry will remain strong at least through 2019, according to Rich Wobbekind, senior economist and associate dean for business and government relations at the University of Colorado Boulder Leeds School of Business.
Construction Industry Round Table Announces Board Elections & New Chairman

The Construction Industry Round Table (CIRT), a national business trade association comprised exclusively of approximately 120 chief executives from the leading design and construction companies doing business in the United States and globally, has elected Charlie Bacon, President and CEO of Limbach Holdings, Inc., as Chairman of the organization for a term of one year.

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'Green' concrete could be game-changer for construction industry

Scientists have been tinkering with concrete in an effort to improve upon the world's most widely used construction material— and they’ve notched some notable successes.

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Construction Is Booming Now but Without New Workers and Tech Its Future Is Uncertain

The industry must draw its next generation of workers, female and male, from the ranks of tech and STEM students. The U.S. construction market is booming with no signs of slowing down. According to the USG Corp. and the U.S. Chamber of Commerce Commercial Construction Index, 93 percent of contractors expect to see equal or greater profit margins in the next year.
Phase 2 of $500M Oroville Dam repair kicks off

California Department of Water (DWR) officials announced Wednesday that the second phase of construction work on the Oroville Dam will begin May 8, The Mercury News reported. The second phase will constitute the bulk of work at the dam.

House Vote Nears on 6-Year FAA Bill

Legislation to reauthorize Federal Aviation Administration programs, including airport construction grants, is moving again on Capitol Hill. At ENR press time, the House was on the verge of a vote on a six-year bill that would freeze authorizations for Airport Improvement Program (AIP) grants at $3.35 billion a year through fiscal 2023.

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