Thu.Oct 17, 2024

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The Transformation of Construction Lending

Construction Business Owner

The Transformation of Construction Lending ccapoccia Thu, 10/17/2024 - 08:22 T he construction lending space, traditionally steeped in manual processes and human-to-human interactions, is undergoing a profound transformation thanks to the integration of technology. From streamlining workflows to enhancing transparency and reducing errors, technology is reshaping the landscape of construction finance.

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Construction backlog rebounds in wake of rate cut

Construction Dive

After briefly falling at the end of the summer, the amount of work on builders’ books rose again following the Fed’s loosening last month.

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Trending Sources

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More Newark Airport Redevelopment Set with Terminal B Rebuild Plan Unveiled

ENR Construction

No price tag, timeline or construction procurement status for the major work were disclosed in an Oct. 17-released "vision plan" that was developed with design firms Arup and Skidmore, Owings & Merrill.

Plans 79
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Round Table: Has Inclusion Week made a difference?

Construction Dive

Construction Dive talks with organizers of the event to learn whether the sector has made strides in welcoming a broader array of workers.

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How General Contractors Can Drive Growth Without Increasing Headcount

For construction businesses, scaling operations means taking on greater workloads. Unfortunately, much of the responsibility of managing additional work falls on you and your finance team. Learn how you can navigate the increased complexity of managing more projects without adding headcount. We’re here to share insights into why technology is key to scaling your finance operations.

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DC Attorney General Sues Virginia Firm Over Stormwater Pollution

ENR Construction

The Washington, D.C., district attorney is suing Fort Myer Construction for polluting the city’s stormwater system in operating two asphalt plants in the city as far back as 2015‚ charges the firm says it will fight in court.

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DC Attorney General Sues Contractor Fort Myer Construction Co. Over Stormwater Pollution

ENR Construction

The D.C., district attorney assets the firm illegally allowed contaminated runoff from an equipment storage yard into the Washington, D.C., stormwater system, but Fort Myer Construction plans to contest the charges in court.

DC 69
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Private finance could have role to play in NHS infrastructure, say health service leaders

Construction Law

Private finance could play a role in national health service capital investment if its drawbacks could be mitigated, says a discussion paper from the NHS Confederation. Despite the rising cost of PFI schemes they appear to offer better value for money than the recent New Hospitals Programme (NHP), once delays and overspend costs are accounted for, says the paper ‘Raising NHS capital funds: options for government’.

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Mississippi Bridge Collapse Kills Three Workers Preparing for Demolition

ENR Construction

Contractor TL Wallace Construction was replacing the bridge and two others along State Route 149 for the Mississippi Dept. of Transportation.

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Rail suppliers say industry and investors want private finance in infrastructure provision

Construction Law

The High Speed Rail Group has added to a rising swell of organisations calling for government to consider expanding the role of private finance in funding infrastructure. To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account.

Finance 40
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The Ultimate Guide To Data-Driven Construction: Optimize Projects, Reduce Risks, & Boost Innovation

Speaker: Donna Laquidara-Carr, PhD, LEED AP, Industry Insights Research Director at Dodge Construction Network

In today’s construction market, owners, construction managers, and contractors must navigate increasing challenges, from cost management to project delays. Fortunately, digital tools now offer valuable insights to help mitigate these risks. However, the sheer volume of tools and the complexity of leveraging their data effectively can be daunting. That’s where data-driven construction comes in.

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Tornado Resilience Included in 2024 International Building Code for First Time

ENR Construction

The International Code Council has for the first time added a section on tornado resilience to the 2024 version of the International Building Code.

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Harris, Trump nail down construction endorsements

Construction Dive

As the election draws near, Kamala Harris and Donald Trump have earned nods from organizations across the building industry.

Drawings 145
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What AEC Firms Need to Know: A Guide to Responsible AI Adoption

ENR Construction

Artificial Intelligence has huge potential to transform AEC processes, but firms should set some guide rails for outside adoption and internal development.

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200 Park: Transformational Engineering Speeds Rise of San Jose Tower

ENR Construction

The 300-ft-tall commercial office high-rise 200 Park in San Jose, Calif., is just the second tower built with the SpeedCore concrete-filled composite steel plate shear wall core system. The result is the Northern California 2024 Project of the Year.

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12 Reasons Specialty Contractors Need a Construction-Specific Software Platform

As a specialty contractor, your success hinges on your ability to manage complex workflows, maintain cost control, and deliver projects on time. But are you still relying on outdated systems or multiple software packages that create data silos and inefficiencies? This comprehensive eBook reveals the 12 key reasons why investing in a construction-specific software platform is the game-changer your business needs.

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Project of the Year Finalist: Sonoma Academy Community Performing Arts Center

ENR Construction

Sonoma Academy’s new professional-grade performing arts facility spans more than 27,000 sq ft. The structure will support the high school’s robust theater activities as well as music and film programs.

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Project of the Year Finalist: St. Clare at Capitol Park

ENR Construction

Since its initial construction in 1912, the historic Capitol Park Hotel has served a variety of roles, from women’s college to furniture store and most recently as temporary housing for the homeless before closing down in 2020.

Housing 36