Construction Industry News: May 15, 2019

Robot Assistants and Structure, Finishing, and Infrastructure Robots: Global Market Analysis and Forecasts

The report provides an in-depth discussion of the global market trends, drivers, challenges, and technological issues influencing the market development of construction robots. 

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Work begins on the new community of Port Covington in South Baltimore

The first phase of the 235-acre, $5.5 billion redevelopment of a largely empty waterfront expanse will start immediately with land grading and then roadwork in the fall, according to Marc Weller of Weller Development, which is overseeing the project for owners Sagamore Development and New York investment bank Goldman Sachs.

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House & Senate Committee Agree on $3.4 Billion CIP Budget for Hawaii

he House Finance and Senate Ways and Means Conference Committee agreed on the Capital Improvement Project budget for Fiscal Years 2020 and 2021, on Thursday, April 25, 2019, totaling more than $3.4 billion. The bill now moves to the full House and Senate for a final vote.

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In May 8 Stock Offering, Parsons Corp. Nets $500M

The market on May 8 welcomed an initial public offering by Parsons Corp.—detailed in an April 29 U.S. Securities and Exchange Commission filing—snapping up 10.9 million shares by mid-morning, pushing the stock price up to $30.28, well above the opening bell price of $27.

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US military set on 3D-printing more bridges, buildings

The U.S. Defense Department’s Defense Innovation Unit (DIU) is soliciting proposals to advance its goal of autonomously building a variety of military structures via 3D printing. Responses are due by May 7.

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Record Dam Removals, Long Delayed, Are Awarded to Kiewit

What is touted as a record-size U.S. dam removal, held up by 15 years of stakeholder and government legal disputes, now is moving forward, with an April 24 design-build contract to Kiewit Infrastructure West.

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