Turner’s Fourth Quarter Building Cost Index Reflects Strong Market Conditions
According to Turner Construction Company’s quarterly Building Cost Index, skilled labor availability is an issue for the construction industry Turner Construction Company announced that the Fourth Quarter 2016 Turner Building Cost Index—which measures costs in the non-residential building construction market in the United States—has increased to a value of 1006. This represents a 1.11% quarterly increase from the Third Quarter 2016 and a 4.90% yearly increase from the Fourth Quarter...
Belgian Investment Firm Korys Invests in Swedish Renewable Energy Software Company Greenbyte
Belgian investment firm Korys, owned by the renowned Colruyt family is investing in the Swedish renewable energy software maker Greenbyte AB. Greenbyte’s software supports wind energy and solar PV owners, operators and asset managers in capturing the full potential of renewable energy projects. Since its founding in 2010, Greenbyte has grown almost entirely organically and now more than 7GW of wind and solar PV energy across 20+ countries are monitored through its software services Breeze and...
3i Acquires Infrastructure Assets from EISER Global Infrastructure Fund
Fried Frank London is advising client 3i Group plc (“3i”), a London-based public investment firm specializing in private equity, infrastructure and debt, in its announced acquisition of a portfolio of assets from EISER Global Infrastructure Fund, including Belfast City Airport and East Surrey Pipelines. The acquisition, which will deliver significant expansion for 3i’s infrastructure business, will be made by a new fund vehicle managed by 3i with major commitments from pension funds AP...
Hill International Agrees to Sell Construction Claims Group to Private Equity Firm Bridgepoint in $147 Million All-Cash Transaction
PHILADELPHIA and LONDON, - Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has entered into a definitive stock purchase agreement to sell its Construction Claims Group to Bridgepoint Development Capital, part of international private equity group Bridgepoint, for $147 million in an all-cash transaction. The transaction is expected to close in approximately 60 days, subject to certain closing conditions. Hill's Construction Claims Group, wi...
PCA Forecast Lowers 2016, 2017 Cement Consumption Estimates
WASHINGTON, D.C. – The Portland Cement Association (PCA) announced that U.S. cement consumption is on track to see 2.7 percent growth in 2016, making a downward revision of a previous annual growth estimate of 4 percent reported earlier this year. PCA also revised its 2017 U.S. cement consumption forecast to 3.1 percent growth, from 4.2 percent growth, crediting a combination of post-election political uncertainty, inflation and slower construction activity as negative pressures on the economic...
Tetra Tech to Ring the NASDAQ Stock Market Opening Bell
PASADENA, Calif.- Tetra Tech, Inc. (NASDAQ: TTEK) announced today that in celebration of the 50th anniversary of the Company’s founding and 25th anniversary as a publicly traded company, members of its management team will ring the NASDAQ Stock Market opening bell on Wednesday, December 14, 2016. Founded in 1966 to provide innovative solutions in the areas of coastal engineering, research and development, geophysics, and systems analysis, Tetra Tech has grown into a 16,000-person global consu...
2017 Onvia Economic Forecast Report: Surge in Government Infrastructure & Tech Spend
In an environment of heightened political and economic uncertainty, Onvia provides a special report to offer clarity and insight into where the government contracting marketplace is headed in 2017. Particular attention is paid to prospects for the national economy, the fiscal environment for budgets, expectations for infrastructure investment and continued growth in IT contracting. The findings and perspectives shared draw both from recent trends and from a discussion with three leading experts...
USDOT Awards $14M for Mobility Research at UW-Led Transportation Center
The U.S. Department of Transportation has awarded approximately $14 million over five years to a multi-university, regional transportation center led by the University of Washington to fund research aimed at improving the mobility of people and goods across the Pacific Northwest. The competitive funding, which local and regional agencies and companies will match for an expected total of $28 million, advances the work of the Pacific Northwest Transportation Consortium, or PacTrans. It’s one of...
Wisconsin DOT Performance Management Initiatives Save $1.5 Billion Since 2011
The Wisconsin Department of Transportation (WisDOT) today released a new report titled, Better, Faster, Lower Cost: An Efficiency Report from the Wisconsin Department of Transportation. The report itemizes numerous initiatives WisDOT has implemented to enhance performance and reduce cost in all of the department’s functional areas including highways, DMV and State Patrol. Since 2011, the performance management measures have saved $1.5 billion including nearly $100 million in the 2016 state fisc...
Autodesk Reports Strong Third Quarter Results
SAN RAFAEL, Calif. - Autodesk, Inc. (NASDAQ: ADSK) today reported financial results for the third quarter of fiscal 2017. Third Quarter Fiscal 2017 New model subscriptions increased 168,000 from the second quarter of fiscal 2017 to 861,000. Total subscriptions increased 134,000 from the second quarter of fiscal 2017 to 2.95 million at the end of the third quarter and include approximately 13,000 maintenance subscriptions related to the recent acquisition of Sol...
Video: New Roundabout Under Construction at McIver and Old Florence Roads in Darlington County
Promenade at The Point
June Issue 2026
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