James Garnett leaves Morgan Sindall to join GMI Construction Group, aiming to enhance operational performance and project delivery. His focus on technology and public sector growth aligns with industry trends.
Parsons-led JV secures a pivotal role in Riyadh Metro's Red Line extension, furthering Saudi Vision 2030's urban mobility goals.
The construction industry faces a labor crisis as nearly 200,000 workers quit in September 2026, the highest in over three years. This trend highlights tightening labor markets and escalating costs for contractors.
Nemetschek Group launches AI solutions to enhance productivity in AEC sectors, addressing workforce and project challenges.
The AIA's new white paper highlights a weakened link between architecture billings and construction spending, urging a broader approach to forecasting.
HUD's new express lane for LIHTC construction loans aims to expedite the financing process for multifamily projects, reducing paperwork and expanding eligibility to align with HUD's mission of increasing affordable housing supply.
Emcor Group's U.S. building services revenue increased 4.7% to $852 million in Q3 2026, driven by data center demand despite a $34 million impairment. AECM professionals can leverage Emcor's growth strategies in mechanical and electrical services for competitive advantage.
Nonresidential construction spending in the U.S. increased by 0.6% in September, driven by data center investments, presenting opportunities for AECM professionals.
The U.S. Army's military construction reform initiative aims to significantly accelerate project timelines and reduce costs, offering new opportunities and risks for contractors. This shift could reshape federal procurement strategies, emphasizing design-build and modular construction methods.
