Category: Featured
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Contractor backlog slips, strength depends on sector
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction backlog dipped to 8.4 months in October, down 0.1 months from September, according to an Associated Builders and Contractors survey conducted Oct. 20 to Nov. 4. Firms with $30 million to $100 million in…
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Skanska USA announces CFO change
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Stockholm-based builder and developer Skanska is making a leadership change in its U.S. building operations, the firm announced Wednesday. Leo Sinicin, CFO of Skanska USA, will retire effective Dec. 31, the contractor announced. Dan DeRooy, currently vice…
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Commercial VRP Market to Exceed $7.4B by 2033
According to Research Intelo, the Global Commercial VRP for Corporates market size was valued at $2.8 billion in 2024 and is projected to reach $7.4 billion by 2033, expanding at a CAGR of 11.2% during 2024–2033. The primary driver behind this robust growth is the increasing demand for advanced route optimization and fleet management solutions, as corporates worldwide…
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Reinventing Construction Procurement with SubBase
In this episode of the AEC Business podcast, I sit down with Eric Helitzer, founder and CEO of SubBase, a procurement platform that aims to bring order, transparency, and automation to this domain. Room for improvement Procurement is one of the least digitized yet most consequential parts of construction. The workflow spans field teams, project…
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Agentic AI Brings Intelligence and Automation to Preconstruction Planning
When people think about innovation in construction, they picture robots laying bricks, drones scanning jobsites, or AI flagging design errors mid-project. But the real revolution is happening long before the first shovel hits the ground. It’s happening in preconstruction, the most strategic, underestimated and under-digitized phase of a project’s lifecycle. Today, a new class of…
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Bridging the gap between Gantt charts and the construction site
Once on site, schedules are less about contract compliance and more about day-to-day alignment, ensuring every crew knows what they need to do, where and when they need to do it. Schedulers and planners also have to make reactive decisions on a range of factors, including weather, material deliveries, equipment and labour availability. View the…
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Toyota to spend additional $10B on US operations
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Toyota Motor Corp. announced Wednesday that it will invest an additional $10 billion in its U.S. operations over the next five years to support mobility efforts. Additional details were not disclosed. The automotive manufacturer also began…
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F.H. Paschen Gets “Bigger in Texas” With New Office In Galveston To Serve The Gulf Coast
Galveston, TX – F.H. Paschen, a nationally recognized leader in heavy civil construction and infrastructure, has opened a new office in Galveston, Texas. The new facility, located at 1802 Broadway Street in Galveston expands the company’s local presence in the State of Texas. The new location is the company’s third in the state, joining established…
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Fields West Expands Premier Retail, Dining Lineup with 10 New Tenants
The Karahan Companies is redefining what it means to live, work, and play in Frisco. The developer of Legacy West has officially unveiled the next wave of premier tenants joining Fields West—a 360,000-square-foot retail, dining and entertainment district anchoring the billion-dollar Fields development. Led by renowned developer Fehmi Karahan, Fields West will feature 350,000 square…
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M&A activity ticks up across the construction industry
On the heels of a fluid macroeconomic environment and instability, M&A activity cooled to start the year, according to WSP CEO Alexandre L’Heureux. However, that calculus may now be changing. Even as tariffs and uncertainty beleaguered the construction industry, and a government shutdown has blacked out data at a crucial moment, M&A has seen a recent uptick.…