Tag: higher
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McCarthy starts $94M California college project amid higher ed turmoil
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Amid a challenging environment for higher ed projects, McCarthy Building Cos. broke ground on San Bernardino Valley College’s new Student Services building, according to an Oct. 15 news release from the contractor. The cost of…
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Skanska tops out $350M UVA higher ed biotech facility
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Sweden-based builder and developer Skanska topped out a $350 million biotech facility at the University of Virginia in Charlottesville on Oct. 6, according to a news release. The Paul and Diane Manning Institute of Biotechnology will span…
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Higher costs, fewer deals ahead for construction
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Rising costs and slowing deal flow are pressuring contractors’ pipelines, said Anirban Basu, chief economist at Associated Builders and Contractors, during an Oct. 8 webinar on construction’s outlook. Firms active in data center work report…
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Submit your meter reading now to avoid higher charges
From 1 October 2015, millions of households will see their energy bills rise again as the price cap increases by 2%, taking the average annual bill from £1,720 to £1,755. Experts are warning families to act fast by submitting meter readings before the rise kicks in to avoid paying over the odds. The warning comes…
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Higher ed ramps up modular construction
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Facility managers at higher education campuses can expect better quality and lower maintenance needs if new dormitories and other student housing use modular construction, a general contractor experienced in that method says. Modular construction is used mostly…
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New steel, aluminum tariffs will push construction costs higher
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. New tariffs on foreign steel and aluminum will raise construction costs further, adding to price spikes triggered by an initial 25% tariff on the materials earlier this year, according to a June 3 industry webinar hosted by…
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Government cuts higher level apprenticeship funding
The UK government has announced plans to “refocus” funding away from Level 7 (masters level) apprenticeships from January 2026. From next year, only existing apprentices or those aged 16-21 will be eligible for levy-funded training. According to the government, the new measures will allow levy funding to be “rebalanced towards training at lower levels, where…
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Private delays, abandonments drive project stress higher
Project stress rose again in April with the private sector nearing a multi-year high in abandonments, according to the latest data from Cincinnati-based ConstructConnect. The Project Stress Index, a measure of construction projects that have been paused, abandoned or have a delayed bid date, climbed 1.5% in April. The jump marks a 16% increase over…
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Eradicating the common mistake that can lead to higher construction costs
Experts at RNDV, a group of companies with a long-term experience in electrical installation, shipbuilding and complex construction management, say cutting costs for critical competences, such as project management, can lead to costly downtimes and unforeseen situations. It can inflate the budget, causing delays and, therefore, erosion of profits. Kaziulis continues: “Sometimes, to save money…
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Fed holds main rate steady, forecasts higher inflation, slower growth
Dive Brief: The Federal Reserve on Wednesday kept the main interest rate at a range between 4.25% and 4.5% while forecasting higher inflation and slower growth for 2025. In a median forecast, Fed officials estimated that their preferred measure of inflation — the core personal consumption expenditures price index less volatile food and energy prices…