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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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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$2.3B Virginia bridge will have impact ‘from Boston to Miami’

Construction Dive

Construction industry news, trends and jobs for building professionals who want mobile-friendly content.

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A Practical Guide to Profitable, Sustainable Construction Strategies

The future of construction is sustainable, efficient, and cost-conscious. This guide offers a practical roadmap for reducing material waste, optimizing energy use, and integrating sustainable design principles. Discover how innovative construction firms are leveraging circular economy strategies, digital tracking, and energy-smart building solutions to reduce expenses and stay ahead of regulatory shifts.

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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.

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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.

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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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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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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’.

Finance 40
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The Funding Blueprint for Your Construction Business – Your Guide to Growth

Take your construction business to the next level with our comprehensive 2025 funding guide! Whether you're managing seasonal cash flow challenges, dealing with unexpected equipment repairs, or planning to scale your operations, securing the right funding is essential for success. This guide explores a range of fast and flexible financing options tailored for construction businesses.

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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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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.

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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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How Poor Planning and Budgeting Lead to Construction Cost Overruns

Budgeting, forecasting, and financial planning directly impact construction project outcomes. Inaccurate projections lead to cost overruns and delays. This guide outlines best practices for financial discipline, including forecasting methodologies, resource allocation strategies, and risk mitigation frameworks. Industry leaders recognize that precise financial control is essential for profitability and project stability.

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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.

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