The 2026 surety market is becoming more challenging for contractors due to tightening underwriting guidelines, emphasizing the importance of financial management. By prioritizing financial discipline and business planning, contractors can better navigate these challenges and maintain their competiti
Construction companies are creating tech-focused positions beyond the IT team, with Barge Design Solutions appointing its first chief digital solutions officer. This shift highlights the growing importance of technology in the construction industry, with companies embracing digital solutions to driv
The Associated Builders and Contractors supports the Trump Administration's improvements to apprenticeship programs, aiming to address longstanding concerns with registered apprenticeship programs. The U.S. Department of Labor's new guidance documents seek to improve the implementation of these prog
The city of Chicago is considering purchasing its downtown intercity bus station to prevent bus operators from losing access to the facility. The potential purchase highlights the city's commitment to maintaining and improving its public transportation infrastructure, ensuring reliable and efficient
New York Governor Kathy Hochul has requested a delay in meeting the state's climate goals due to high cost estimates, citing the need for a more realistic timeline. The state will need to revisit its climate plan and adjust its timeline for achieving the 2030 goal, which may involve identifying new
The 21st Century ROAD to Housing Act has cleared the Senate, aiming to increase affordable housing supply without interfering with local zoning regulations. This bipartisan legislation could have significant implications for cities, promoting affordable housing initiatives while respecting local aut
Lawmakers are struggling to define what constitutes a 'sanctuary' city, with significant implications for urban planning and development. The lack of a clear definition is hindering efforts to pass legislation and clarify the roles of local and federal authorities.
Clayco has launched a new power and energy unit, expected to generate $300 million in revenue by 2027, marking a significant expansion for the construction firm. The move underscores the importance of diversified services in the construction sector and positions Clayco for success in the evolving en
The Trans-European Transport Network (TEN-T) will miss its 2030 deadline due to cost increases and weak coordination between member states. The delay has significant implications for the EU's transportation infrastructure and economic growth.
