Category: Business
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DOGE Reforms Trigger Surge in Federal Construction Contract Terminations
The Department of Government Efficiency (DOGE) has launched sweeping reforms aimed at eliminating waste, streamlining procurement and reallocating federal funds away from underperforming or redundant programs. While DOGE’s mission focuses on government operations, government contractors – including in the construction industry – are feeling the ripple effects of the department’s actions. One of the most…
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Industrial Construction Drops 63% Across Largest U.S. Markets
The industrial real estate market across the U.S. is entering a new phase of balance after years of explosive growth. According to Colliers, the 25 largest U.S. industrial markets now account for 76% of the country’s total industrial inventory, continuing to drive national trends despite a notable slowdown in construction and leasing activity. Supply Shrinks,…
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The Trend Toward Bright-Line Protections: Recent Legislative Updates to Prompt Payment Laws Across the Country
Prompt payment statutes have long served as the backbone of financial fairness and predictability in the construction industry. Designed to ensure that those who perform work and furnish materials are paid timely, these statutes help maintain cash flow stability across all tiers of a project. In recent years, state legislatures across the country have taken…
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Skanska USA Promotes Three Texas Leaders to Project Executive Roles
Skanska USA Building, one of the world’s leading construction and development firms, has announced the promotion of three people in its Texas market — Blake Beran, Tom Hull and Ben Johnson — to Project Executive. All three exhibit exceptional leadership and relationship skills, ensuring building projects are properly managed, start to finish. Since joining Skanska…
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Delegated Design in Construction: How to Avoid Legal and Financial Risks
Design delegation has become increasingly prevalent in modern construction, encompassing everything from curtain wall systems to precast panels and fire protection layouts. Contractors and specialty subcontractors are frequently expected not only to construct but also to assume responsibility for portions of design. While this model can enhance project efficiency and delivery, it introduces legal complexities…
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FAYAT Acquires LeeBoy: What the Paving Industry Needs to Know
The news dropped late on a Tuesday night, June 24: French construction giant FAYAT Group signed an agreement to acquire LeeBoy, one of the most recognizable names in American blacktop industry. By Wednesday morning, Marvin Joles and I were already live, unpacking what it means for contractors, for the industry, and for the future of…
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FAYAT Breaks Ground on $13.7M U.S. Facility Following Recent Acquisitions
The FAYAT Group has officially broken ground on a new 100,000-square-foot parts distribution center in Fairfield County, South Carolina. The $13.7 million facility will support the company’s Road Equipment Division and is expected to strengthen after-sales service and production capacity across North America. The new facility, located next to FAYAT’s existing BOMAG Americas headquarters in…
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5 Things AI Still Can’t Do on a Jobsite (and Probably Never Will)
Artificial intelligence is doing impressive things in construction — optimizing schedules, scanning for safety issues, analyzing jobsite data, and even predicting equipment failures before they happen. But for all its brainpower, there are still some jobs AI can’t handle — and probably never will. Because the truth is, no algorithm can replace what seasoned pros…
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Construction Leaders Double Down on Workforce Planning Amid Labor Crisis
A new industry report from Bridgit reveals that 98% of construction leaders plan to increase investments in workforce planning over the next year, with nearly all turning to AI, automation and advanced analytics to navigate the construction industry’s intensifying labor crisis. The 2025 State of Workforce Planning report surveyed hundreds of construction executives across operations, project management, human resources,…
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FAYAT To Acquire LeeBoy From ST Engineering
Late last night for those on the east coast of the United States, the news dropped that FAYAT Group signed a definitive agreement with ST Engineering to acquire LeeBoy, the well-known U.S. manufacturer of road construction and maintenance equipment. This move represents a strategic expansion for FAYAT, deepening its presence in the North American market…