The latest construction news from around the globe…
Catch up on what’s going on in construction this week. From an update on the industry amidst COVID-19 to the FAA’s latest drone policy, we’ve got you covered on all the industry news from around the world.
How COVID-19 Is Transforming Construction
Although the industry has taken a substantial hit from the coronavirus, one unexpected aspect has emerged through it all: collaboration. Check out this article to find out how stakeholders are teaming up to offer new innovative solutions to working on the jobsite safely.
New FAA Drone Policy Takes Flight
A relatively new federal law signed by President Trump now imposes stricter privacy policies when it comes to commercial drone usage. Here are three important steps for compliance.
Congress Approves $484 Billion Bailout for Small Businesses
Earlier this week Congress approved $484 billion to combat the economic fallout from the coronavirus. Some of this funding, $380 billion to be exact, will go toward small businesses. NAHB chairman Dean Mon calls this move “a welcome development for the thousands of homebuilding firms that desperately need this important government program.”
IoT Technology Keeps Workers Safe on the Jobsite
Triax Technologies’ wearable Proximity Trace device is being used on jobsites around the world for contact tracing and social distancing maintenance. Learn more about this life-saving technology here.
Four Strategies Contractors Can Use When Dealing With Payments
Now more than ever construction companies need to prepare for an economic downturn. Here are some important steps financial experts say contractors and subcontractors need to implement if they want to protect their company and cash flow.
Humanitarian Construction Companies Making All the Difference
Looking back on Procore Groundbreak keynote speakers from 2019, journalist Shane Hedmond reflects on how the construction industry can give back and help out during these trying times.
Why You Should Craft Your Company’s Back-to-Work Plan Now
While no back-to-work mandate has been explicitly released by any state government just yet, it’s important to be proactive. If you’re looking for some guidance on how to do that, here’s a step-by-step guide from BD+C.
Construction Equipment Makers Offering Deals and COVID-19 Loan Relief
Here is a breakdown of all of the construction equipment companies offering coronavirus deals or loan relief to their customers. Just to name a few… Caterpillar, John Deere, and Volvo Construction Equipment are all providing some form of assistance.
How the Construction Industry is Faring From the Paycheck Protection Program
As reported by Equipment World, construction companies have so far received financial approved by the federal government’s Paycheck Protection Program. The program, which is designed to help small businesses pay employees during the pandemic, has given the industry 13% of its total forgivable loans.
Construction Lessons to be Learned From Michael Jordan’s New TV Series
If you have an extra moment, check out this special piece from Construction Junkie’s founder on some of the lessons he’s pulled from the first couple episodes of ESPN’s new Michael Jordan exposé that contractors can apply to their own business.