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.
Mace Consult is now a standalone company after a majority investment by Goldman Sachs Alternatives, allowing for expanded operations. The investment will provide capital and strategic backing to scale the business, especially in North America.
Construction Business Owner Magazine and Procore presented a webinar on 'The Power of “I” in BIM' to educate attendees on harnessing information for better project outcomes. The event aimed to improve construction businesses' project delivery and competitiveness.
Construction input prices rose 0.7% in January, driven by tariffs, with nonresidential construction input prices increasing 0.6%. The surge in prices may lead to higher costs for builders and contractors, affecting project affordability and accessibility.
The construction industry lost 11,000 jobs in February, despite a year-over-year growth of 42,000 jobs. Nonresidential construction employment decreased by 3,800 positions, with significant losses in heavy and civil engineering and nonresidential specialty trade.
AI is changing the job market by focusing on roles rather than experience, leading to upskilling of workers in data-driven industries. This shift is expected to increase productivity, but also raises concerns about job displacement and creates new opportunities for workers to develop skills in areas
Capital One prioritizes well-managed and governable data as the foundation for its AI systems, ensuring reliability and transparency. This approach enables the company to drive business value and improve customer experiences through AI.
Enterprises are highlighting the need for contextual data in AI projects to ensure accurate decision-making. The use of contextual data will be crucial for maximizing the potential of AI investments in industries such as construction, architecture, engineering, and manufacturing.
