1. A time for fearlessness: Lessons from high growth AEC firms (Hinge)
"Nothing motivates change more than a crisis. Many professional services firms have made more radical shifts in how they do business over the past two months than over the past decade."
2. OSHA construction safety inspections fall 84% during COVID-19 pandemic (BD+C)
"Agency focuses on preventing disease transmission in healthcare industry."
3. PPP loans now only require 60% of funds for payroll use (Construction Dive)
"Borrowers only have to use 60% of their loan funds for payroll costs under changes the federal government made to the Paycheck Protection Program (PPP) that President Trump signed into law Friday. Previously, the program required borrowers to use 75% of the funds on payroll, a requirement contractors and other businesses said was too restrictive. For many companies impacted by mandatory stay-at-home orders, the money would have been better spent on rent and other operating costs, they argued."
4. The office isn't dead. It's just convalescing: Nisha Gopalan (Bloomberg via National Real Estate Investor)
"There are many office jobs that can’t be done remotely."
5. Minimize your risk when reopening construction projects (AIA Contract Documents)
"In this video, we discuss risk management methods when re-opening a project and how to discuss re-opening procedures and protocols with the owner, the contractor, and the entire project team."
6. Trump orders federal agencies to waive environmental regulations (Construction Dive)
"Through a new executive order issued last week, President Donald Trump directed federal government agencies to waive environmental regulations and to take other actions necessary to streamline and expedite infrastructure projects in order to hasten the economic recovery from the COVID-19 pandemic."
Related Stories
Market Data | Jan 23, 2019
Architecture billings slow, but close 2018 with growing demand
AIA’s Architecture Billings Index (ABI) score for December was 50.4 compared to 54.7 in November.
Market Data | Jan 16, 2019
AIA 2019 Consensus Forecast: Nonresidential construction spending to rise 4.4%
The education, public safety, and office sectors will lead the growth areas this year, but AIA's Kermit Baker offers a cautious outlook for 2020.
Market Data | Dec 19, 2018
Brokers look forward to a commercial real estate market that mirrors 2018’s solid results
Respondents to a recent Transwestern poll expect flat to modest growth for rents and investment in offices, MOBs, and industrial buildings.
Market Data | Dec 19, 2018
When it comes to economic clout, New York will far outpace other U.S. metros for decades to come
But San Jose, Calif., is expected to have the best annual growth rate through 2035, according to Oxford Economics’ latest Global Cities report.
Market Data | Dec 19, 2018
Run of positive billings continues at architecture firms
November marked the fourteenth consecutive month of increasing demand for architectural firm services.
Market Data | Dec 5, 2018
ABC predicts construction sector will remain strong in 2019
Job growth, high backlog and healthy infrastructure investment all spell good news for the industry.
Market Data | Dec 4, 2018
Nonresidential spending rises modestly in October
Thirteen out of 16 subsectors are associated with year-over-year increases.
Market Data | Nov 20, 2018
Construction employment rises from October 2017 to October 2018 in 44 states and D.C.
Texas has biggest annual job increase while New Jersey continues losses; Iowa, Florida and California have largest one-month gains as Mississippi and Louisiana trail.
Market Data | Nov 15, 2018
Architecture firm billings continue to slow, but remain positive in October
Southern region reports decline in billings for the first time since June 2012.
Market Data | Nov 14, 2018
A new Joint Center report finds aging Americans less prepared to afford housing
The study foresees a significant segment of seniors struggling to buy or rent on their own or with other people.