The latest construction news from around the globe…
Catch up on what’s going on in construction this week. From an update on construction work unemployment to how companies are using data to make predictions, we’ve got you covered on all the industry news from around the world.
Using Data to Predict the Future
According to a number of recent industry reports, global construction is in for a rocky next few months. While some numbers show jobsites opening back up in parts of the world, capital spend in 2021 is expected to be lower than 2019, demonstrating that the reduction is here to stay.
Canadian Construction Experts’ Discuss Federal Relief Progams for Business Owners
If you’re a small or medium business owner in Canada, you may find Construction Canada’s first segment of their three-part Q&A roundtable discussion series helpful. Hear industry experts weigh in on the various federal relief programs available to assist business owners amid the pandemic.
Online User Data Provides Realtime Look at COVID-19’s Impact on the Construction Industry
Nearly 1 million construction jobs were lost between March and April, with the Northeast taking the hardest hit, according to an online survey by the Associated General Contractors of America (AGC). The survey was supplemented from data on realtime transactions, including construction hours worked, compiled by Procore. To read more about the survey and data results, click here.
Dealing With COVID-19 Delays Through Negotiations
Project delays have significantly impacted the construction pipeline in Australia, according to a recent online survey of 178 developers, head contractors and subcontractors conducted by the Property Council of Australia. The survey also shows that 82 percent of respondents said construction delays are being addressed through negation between the parties. Read more here.
US House Bill Provides Some Relief to Contractors
The AGC CEO, Stephen E. Sandherr, released an official statement in response to the recent coronavirus measure put forward in the House. Read the full brief here.
Boring Company Announces Vegas Tunnel Completed Early
According to The Verge, Elon Musk’s Boring Company has reportedly completed both of its Las Vegas Tunnels for The Loop. Once officially open, it will transport attendees of the Las Vegas Convention Center from one end of the center to the other.
Safety Tips for Returning to the Jobsite
Check out this guide from Construction Junkie for some tips on how to return safely to the jobsite. Chief among them, make sure that workers maintain at least six feet apart, use virtual meetings as much as possible, and regularly clean and sanitize high traffic areas.
World’s Largest Underwater Tunnel Project Moves Forward
Following a decision from the Danish government, work will begin on the world’s largest “sunken tube road/rail tunnel”. The project is expected to cost approximately $7.5-billion and will take eight and a half years to complete.
When Will the Housing Market Recover? It’s Complicated
According to listings platforms such as Redfin and Zillow, the housing market may be on the up and up in the near future. However, other researchers argue that the data may be a little more complicated than it seems. Overall, the bigger picture shows that we may not be out of the woods just yet.
Construction Crew Uncovers Original 124-Year-Old Tile Flooring
If you have an extra moment, check out this incredible feature about a Jersey City construction crew who uncovered 124-year-old original flooring in City Hall during a routine restoration project. Get the full story here.