Category: Business
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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…
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Bridging the Skills Gap: PlaneraEDU Prepares Construction Students for the Digital Jobsite
The construction industry stands at a crossroads. Faced with a persistent labor shortage, rising complexity in project delivery, and growing demands for speed and precision, construction leaders are under pressure to rethink how we prepare the next generation of workers. Nowhere is this more critical than in construction education, where traditional teaching methods and legacy…
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Rebuilding the Craft Workforce: Strategies for Retention and Growth
The construction industry has long grappled with the challenge of attracting and retaining skilled craft professionals. Following a significant slowdown in hiring, it’s more important than ever to reexamine how we engage with the people who bring our projects to life. As demand begins to rise again, the workforce isn’t returning at the same pace.…
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AI is Reshaping Construction: Smarter, Safer and More Sustainable Projects Ahead
The construction industry is booming, projected to grow by $4.2 trillion globally over the next 15 years. But this growth faces a challenge: a widening skills gap, with job vacancies up 41% year-over-year and a wave of retirements looming. AI offers a powerful solution, poised to significantly improve how projects are designed, built and managed.…
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FAYAT Group Acquires Mecalac to Expand Urban Construction Equipment Offerings
FAYAT Group has acquired full ownership of the Mecalac Group, a manufacturer known for its range of compact construction equipment designed for urban job sites. Mecalac’s product lineup includes excavators, loaders, dumpers and backhoe loaders, with manufacturing operations in France, Germany, the UK, and Turkey. With this acquisition, Mecalac becomes part of FAYAT’s Road Equipment…
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4 Rules for Smarter Economic Forecasting in Construction
Planning for the future has never been as vital — nor as daunting — as it is today. The past five years have demonstrated just how tumultuous the construction industry can be – from supply chain disruptions and labor shortages to rapid inflation and regulatory shifts, each year seems to bring new and unforeseen changes.…
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Why California’s Building Code Sets the Standard for Construction Across the U.S.
Construction professionals carry the critical responsibility of delivering structures that are safe, habitable, accessible and energy efficient. A key component of that responsibility is adherence to current building codes and compliance best practices — both of which are essential for ensuring successful outcomes across every phase of a project. A foundational best practice is maintaining…
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How Disorganized Project Data Is Costing AEC Firms Millions
Information management isn’t just about staying organized. It’s about staying profitable. If you’re leading a busy architecture, engineering or construction firm (AEC), you’ve seen what happens when files get lost, RFIs slip through the cracks or your team spends hours chasing down the latest drawing. That waste adds up. The right information management system doesn’t…
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ABC: Nonresidential Construction Spending Slips Again in April Amid Economic Pressures
National nonresidential construction spending edged down 0.1% in April, according to the latest data from the U.S. Census Bureau, analyzed by Associated Builders and Contractors (ABC). On a seasonally adjusted annual rate, total spending in the sector reached $1.248 trillion. Six out of 16 nonresidential subcategories saw month-over-month declines. Private nonresidential construction dipped by 0.5%,…
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The Intrapreneur’s Guide to Building a U.S. Subsidiary from the Ground Up
Intrapreneurship — the art of harnessing entrepreneurial energy within an existing organization — takes many forms. It can be implemented at the department level, where a new department or team explores innovative approaches in operations, marketing, IT, etc. It can happen at the division level, where a new product, service or line of business is…