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5 must reads for the AEC industry today: May 14, 2020

Market Data

5 must reads for the AEC industry today: May 14, 2020

The good news about rent might not be so good and some hotel developers consider whether to abandon projects.


By BD+C Editors | May 14, 2020


1. House democrats' coronavirus measure provides some relief for contractors, but lacks other steps needed to help construction (AGC)
"Construction official says new highway funding, employee retention credits and pension relief will help, but lack of safe harbor measure, Eextension of unemployment bonus will undermine recovery."

2. Researchers flag insufficient training for construction workers on healthcare projects (BD+C) 
"New research has found that insufficient training for construction workers in hospital settings may contribute to fungal disease outbreaks that endanger patients."

3. The Good News About Rent Might Not Be So Good (CityLab)
"Momentum is building in Congress around a bill that would authorize $100 billion in rental aid for low-income families who are most at risk of losing their homes, writes Kriston Capps, but the White House has other ideas."

4. Some Hotel Developers Start Considering Whether to Abandon Construction Projects (National Real Estate Investor)
"With tourism imploding and lenders wary, some hotels under construction are no longer worth completing."

5. On demand webinar: NIBS COVID-19 Virtual Town Hall - Preparing for Reentering Buildings (National Institute of Building Sciences)
One May 7, the National Institute of Building Sciences hosted a Virtual Town Hall with leaders from across the built environment to address concerns regarding building safety around COVID-19. Stakeholders discussed preparing for safely opening businesses and offices again to workforce and customers. Topics covered will include: 
* Re-population of commercial buildings
* HVAC systems and air circulation
* Public transit and other public infrastructure needs
* Pandemics and the future of cities
* Sanitation standards

 

 

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Increased government spending on infrastructure projects should help.

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The Construction Cost Index, from Mortenson Construction, indicated rises between 3 and 4% on average.

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