The Future of Construction Estimating Software
News Summary The construction estimating software market is evolving to enhance project management and cost estimation accuracy. With a focus on efficiency, modern tools, particularly cloud-based solutions, offer real-time collaboration and improve stakeholder communication. Leading software such as Autodesk Construction Cloud and Procore provide unique features tailored for varied project demands. Moreover, small businesses have […]
Understanding the Importance of Cash Flow Over Income Statements
News Summary In today’s business environment, especially in construction, cash flow takes precedence over income statements for financial health. While income statements record revenue, they can mislead businesses if cash flow is not managed properly. This article highlights the discrepancies between revenue and cash received, the risks associated with Accounts Receivable, and the advantages of […]
Construction Delay for Highway 104 Advanced Traffic Management System in Kingston
News Summary Construction for the Highway 104 Advanced Traffic Management System (ATMS) in Kingston has been delayed until mid-September due to unexpected setbacks in procurement and testing of essential components. The project aims to improve traffic flow and accessibility to ferry terminals, and the new timeline intends to reduce disruptions during peak summer traffic. Stakeholders […]
AFRY Acquires Reta Engenharia to Expand Industrial Reach
News Summary AFRY has acquired Reta Engenharia, a leading Brazilian project and construction management firm, to enhance its industrial capabilities in the Americas. This strategic move is expected to strengthen AFRY’s position in key sectors, particularly mining and metals, by leveraging Reta’s extensive market experience and skilled workforce. The acquisition aims to create new growth […]
Growth Forecast for Global Geotechnical Construction Services Market
News Summary The Global Geotechnical Construction Services Market is set to grow from US$2.67 billion to US$3.83 billion, with a CAGR of 6.2%, fueled by infrastructure development. Rising urbanization and technological innovations are key drivers, alongside global government investments in essential projects like railways and airports. Asia Pacific leads in revenue share, poised for significant […]
Semiconductor Industry Growth Sparks Demand for Construction Planning
News Summary The semiconductor industry in the UK is experiencing significant growth with a 19.3% increase in sales. This growth is driving demand for efficient construction planning of manufacturing facilities. The UK Government is implementing initiatives to enhance the domestic supply chain, emphasizing the need for timely construction to capitalize on microchip production. Advanced planning […]
Houston-Based METECS Awarded $150 Million NASA Contract for Space Simulations
News Summary MacLean Engineering and Applied Technology Services LLC, known as METECS, has been awarded a $150 million NASA contract for developing simulations and software services over the next five years. This contract continues METECS’s strong relationship with NASA, showcasing their expertise in space-based vehicle support. Partnering with Tietronix Software Inc. and Vedo Systems LLC, […]
Shurooq Appoints New Chief Real Estate Officer
News Summary The Sharjah Investment and Development Authority, Shurooq, has appointed Yousif Ahmed AlMutawa as its new Chief Real Estate Officer. His leadership aims to drive growth in Sharjah’s real estate sector, emphasizing sustainable community planning and cultural investment. AlMutawa will oversee Shurooq’s real estate portfolio, focusing on strategic development and enhancing Sharjah’s position as […]
Rising Construction Costs in the Middle East Amid New Tariffs
News Summary The construction sector in the Middle East faces increasing costs driven by new trade tariffs and global supply chain disruptions. The UAE may see a 2.7% to 3.3% rise in construction costs, while Saudi Arabia faces increases of 3.4% to 7%. Key construction materials like steel, concrete, and aluminum are expected to see […]
Griffin Decks & Covers Reports Strong Growth in H1
News Summary Griffin Decks & Covers, a leading construction firm in Denver, is witnessing strong growth in the first half of 2025, driven by the demand for custom outdoor solutions. The company has expanded its project volume with various outdoor living projects that enhance homes while tackling Colorado’s diverse climate. Their client-centric approach and quality […]