First-Ever Construction Trade Career Fair to Tackle Worker Shortage
News Summary The inaugural Construction Trade Career Fair at Pensacola State College aims to address the skilled worker shortage in the local construction industry. With nearly 2,800 jobs currently available, 15 companies will participate to attract talent, enhancing their workforce and addressing the skills gap. Local educational institutions are also preparing the next generation for […]
INVL Renewable Energy Fund Secures €29.3 Million Loan for Solar Projects
News Summary The INVL Renewable Energy Fund I has secured a €29.3 million loan from Kommunalkredit Austria AG to finance solar power plants in Romania. This loan will support the construction of solar facilities with a combined capacity of 71 megawatts in Dolj County. The fund aims to expand its renewable energy initiatives and has […]
Federal Government Invests Over $81.5 Million in Toronto Rental Project
News Summary The federal government has announced a major investment of more than $81.5 million towards the construction of a new rental housing project in Toronto. Named Vivant at Bedford Park, this initiative will create 159 new rental homes designed to alleviate the city’s housing affordability crisis. The development, backed by the Canada Mortgage and […]
Students Protest for Permanent Campus at Rabindra University
News Summary Students of Rabindra University organized a protest in Dhaka demanding the construction of a permanent campus and the resignation of the Environmental Advisor. Facing prolonged delays in establishing their dedicated building, students expressed frustration over operating from a rented facility for nearly nine years. Their protests included a road blockade and a human […]
Leading Companies Recognized in Sustainability Software Report
News Summary The latest Green Quadrant Report from Verdantix highlights top companies in construction management software that excel in sustainability and innovation. This report evaluates providers on their integration of environmental, social, and governance metrics, showcasing the trend towards sustainable practices in the construction sector. RIB Software and Nemetschek Group emerged as leaders, emphasizing compliance […]
GoBuid Launches AI-Powered Solutions for Construction Monitoring
News Summary GoBuid has introduced innovative AI-powered solutions to enhance remote job-site monitoring and project management in the construction industry. The platform offers advanced tools tailored for construction firms, facilitating teamwork, improving workflows, and addressing major challenges such as monitoring and collaboration. With over 1,000 users globally, GoBuid’s solutions aim to optimize workflows and enhance […]
Kerjaya Prospek Group Berhad Drives Growth in Property Sector
News Summary Kerjaya Prospek Group Berhad is making significant strides in Malaysia’s evolving property sector. With a net profit surge of 37% and strategic acquisitions, the company is actively diversifying its portfolio and positioning itself for future growth. Focused on infrastructure projects and sustainability, Kerjaya Prospek is navigating challenges in the market while aligning with […]
Global Construction Industry Hits $1.978 Trillion Amid Challenges
News Summary The global construction industry has reached an impressive revenue of $1.978 trillion, showcasing resilience despite a slight decline. China continues to dominate the revenue share, contributing over 51.2%. While European firms maintain a strong presence, US companies have shown modest growth. The long-term outlook remains positive, driven by urbanization and technological advancements. The […]
AI Adoption in Construction and Design Grows
News Summary A new report reveals a significant increase in the adoption of artificial intelligence (AI) within the construction and design industries in the U.S. Over 34% of professionals are currently utilizing AI, leading to considerable time savings and productivity gains. While awareness of AI’s capabilities is high, many professionals lack formal training. The report […]
Surge in Interest for ESOPs in the Construction Industry
News Summary The construction industry is seeing a significant rise in interest for Employee Stock Ownership Plans (ESOPs) as business owners seek effective liquidity solutions. Traditionally viewed as niche, ESOPs are now an attractive option for many owners planning to transition out of their businesses. Offering tax advantages and benefits for employees, ESOPs provide a […]