It is well reported that there is a need for federal and state investment in transportation, public buildings, water systems, and other vital infrastructure. Not only does it ensure secure and safe systems, but it is also essential to creating good jobs and economic recovery.
Despite the split U.S. Congress, infrastructure historically is one of those issues that gets bi-partisan support. With that in mind, our elected officials are going to have to find ways to work together to accomplish key goals that benefit the American people and that just might mean getting buy-in from both sides of the political aisle—Democrats and Republicans—because an investment in the nation’s infrastructure often equates to an investment in its future economic success. President Trump has made some big promises, but the Federal Government’s next move in infrastructure investment remains to be seen.
M&A (merger and acquisition) activity continues to happen at a fast rate in the construction industry, with many providers proposing integration and transformation for the space.
With a rise in urbanization and a skilled labor shortage in construction, equipment manufacturers are addressing industry challenges head on, with the development of new, advanced construction equipment.
It is the question every building owner asks prior to investing in the IoT (Internet of Things): Does the benefit outweigh the cost of the technology implementation? More simply, will there be a quick and quantifiable ROI (return on investment)?
November is just around the corner, and with it comes an election. Across the country, voters are tasked with voting for or against a number of measures that could potentially repair failing infrastructure.
AI (artificial intelligence) is perhaps one of the biggest trends to watch in the months to come, with many analysts predicting growth and technology providers making big moves in this area. PwC even suggests that global GDP will be 14% higher in 2030 as a result of AI, which is the equivalent of an additional $15.7 trillion. One big area in construction that is set to change is scheduling, with a new acquisition that happened this week.
Smart buildings are here. With the IoT (Internet of Things) and big data growing at rates faster than ever before, buildings are also becoming connected. For construction companies, investing in technologies and equipment such as sensors and platforms can enable clients to engage with occupants in realtime. Such is the case with hospitals.
The situation last week in Lynchburg, Va., was one no one wanted to read or write about, let alone live through, but it seems Mother Nature has little regard for human comfort and, at times, even human life. Heavy rainfall in Lynchburg put infrastructure back on everyone’s minds, as the potential collapse of the College Lake Dam weighed heavy on the minds of Virginians and Americans everywhere for several days.