MARKET MOVES
US Cities Among Most Expensive Places to Build Worldwide Cost of Construction Set to Soar as States Build Back Better
Major US cities are topping global rankings as some of the most expensive places to build, with the cost of construction set to soar over the next two years as pressure on labor and materials coincide with major investment...
MARKET MOVES
Henry Construction turnover soars to £377m
Fast-growing Henry Construction Projects delivered another big jump in revenue last year to £377m. Growth is being fueled by a strategic move to take on bigger building projects, transforming the business which in 2015 was turning over £50m.
Pre-tax profit...
MARKET MOVES
2021 Sorci Report Reveals Solutions for U.S. Residential Builders to Avoid Predicted Downturn in 2022
While U.S. builders saw record increases in sales and net profit among homeowners trying to improve their living environment due to the COVID-19 pandemic, the outlook for the housing industry in 2022 is not quite as positive. These results...
MARKET MOVES
Artificial Intelligence in Construction Market: COVID-19 Impact and Market Scenario from 2018 to 2026
Abstract: As part of a greater move toward smart construction technology, AI in construction is becoming more prevalent. Advanced artificial intelligence products and their cost efficiency are the main factor predicted to bolster the growth of the global artificial...
MARKET MOVES
Bentley Systems Acquisition of NoteVault Advances the Scope of Construction Digital Twins
Bentley Systems has acquired NoteVault, a San Diego-based provider of voice-based field automation for construction management.
The acquisition expands Bentley's SYNCHRO digital construction environment with mobile field applications to track and manage labor, materials, and equipment. Together, these offerings further...
MARKET MOVES
GE to Sell Lighting Business to Savant Systems, Inc.
GE announced it has signed a definitive agreement to sell its Lighting business to Savant Systems, Inc., an industry leader in the professional smart home space. Financial details of the transaction were not disclosed.
GE Chairman and CEO H. Lawrence...
MARKET MOVES
Building services specialist T Clarke rides out lockdown and eyes £2m half-year profit
Building services specialist T Clarke is forecasting a £2m profit in the first half of this year despite site closures in the coronavirus outbreak.
The firm this morning said that it had enjoyed strong trading in the first three months...
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