Construction

Star Equity Holdings, Inc. Announces 2023 Fourth Quarter and Full Year Financial Results

Retrieved on:

Friday, March 22, 2024

Conference call, Conference, Construction, Exhibit, Webcast, Star, Sale, Acquisition, Security (finance), Loss, Event, Depreciation, Investment, Reinsurance

OLD GREENWICH, Conn., March 22, 2024 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR; STRRP) (“Star Equity” or the “Company”), a diversified holding company, reported today its financial results for the fourth quarter (Q4) and fiscal year (FY) ended December 31, 2023. All 2023 and 2022 amounts in this release are unaudited.

Key Points:

FY 2023 Construction gross profit decreased 4.0% from the prior year period also due to lower revenue.
However, we have significantly increased prices to offset higher input costs and have seen an improvement in our gross margin percentage in 2023.
Q4 2023 sales, general and administrative (SG&A) expenses decreased $1.0 million versus Q4 2022.
SG&A expenses as a percentage of revenue decreased in Q4 2023 to 22.8% versus 23.9% in Q4 2022.

DBM Global's Banker Steel Tops Out JFK's New Terminal One Headhouse

Retrieved on:

Thursday, March 21, 2024

JFK, Travel, IDSI, Life, NYCC, Lighting, Construction

PHOENIX, March 21, 2024 (GLOBE NEWSWIRE) -- DBM Global Inc. (“DBM Global”) marked another construction achievement as its subsidiary Banker Steel Co. LLC (“Banker Steel”) placed the final piece of major structural steel on top of JFK International Airport’s New Terminal One Headhouse on Tuesday, March 19th.

Key Points:

PHOENIX, March 21, 2024 (GLOBE NEWSWIRE) -- DBM Global Inc. (“DBM Global”) marked another construction achievement as its subsidiary Banker Steel Co. LLC (“Banker Steel”) placed the final piece of major structural steel on top of JFK International Airport’s New Terminal One Headhouse on Tuesday, March 19th.
DBM Global CEO & Chairman Rustin Roach commented, “Banker Steel and NYC Constructors continue to add value to the DBM Global family of companies through incredible execution of projects such as this one, which now stands as the largest airport terminal in the nation.”
Banker Steel, together with its subfabrication partners, fabricated 33,000 tons of structural steel for New Terminal One.
Close collaboration between Banker Steel and other stakeholders expedited the design and construction process to allow for a fast-paced schedule.
Additionally, the Banker Steel and NYCC teams in shop and field contributed with their tireless efforts and commitment to excellence to ensure this project reflected the quality for which Banker Steel has become known.”
The project team included developers Ferrovial, Carlyle, JLC Infrastructure, and Ullico; architect Gensler; structural engineer Thornton Tomasetti; construction manager AECOM Tishman; numerous subfabricators including Schuff Steel, a DBM Global subsidiary; suberector JC Steel; Steel Detailers, DBM Vircon, a DBM Global subsidiary, and IDSI.

Safe & Green Holdings Expands Contract with Government Contractor to Refurbish 19 Container Modules for a Major U.S. Agency

Retrieved on:

Thursday, March 21, 2024

Partnership, Business, Green, Government, Safe, Construction

MIAMI, FL, March 21, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced it has received a new contract from a government contractor to refurbish 19 container modules to be used by a major U.S. government agency.

Key Points:

MIAMI, FL, March 21, 2024 (GLOBE NEWSWIRE) -- Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, today announced it has received a new contract from a government contractor to refurbish 19 container modules to be used by a major U.S. government agency.
David Cross, Vice President of Business Development at Safe and Green Holdings, remarked, "We are pleased to report that our client, a premier government contractor, has selected Safe and Green Holdings to refurbish these modular units for an important, undisclosed agency within the U.S. government.
The refurbishment will take place at our Durant, Oklahoma facility, and the refurbished modules will be delivered to a government facility in Virgina.
The contract is valued at more than $300,000 and the units are expected to be delivered in May of 2024.

Matrix Service Company Announces Strategic Relationship With Geldof to Provide Total EPC Solutions For Ammonia Storage Across Europe

Retrieved on:

Tuesday, March 19, 2024

Construction, MTRX, Partnership, Matrix, Engineering, Ammonia, EPC, Renewable energy

“Our relationship with Geldof provides customers across Europe with world-class storage and terminal solutions for ammonia, which is also used as a hydrogen carrier, and brings additional strength to our partnership offerings in technology and construction to meet the increasing global demand for more sustainable energy resources,” said Matrix Service Company President and CEO John R. Hewitt.

Key Points:

“Our relationship with Geldof provides customers across Europe with world-class storage and terminal solutions for ammonia, which is also used as a hydrogen carrier, and brings additional strength to our partnership offerings in technology and construction to meet the increasing global demand for more sustainable energy resources,” said Matrix Service Company President and CEO John R. Hewitt.
As part of our commitment to supporting the energy transition, we have placed a strong emphasis on the large-scale deployment of ammonia as an energy (hydrogen) carrier across Europe.
In pursuit of these ambitious goals, we have forged a strategic partnership with Matrix.
By synergizing our collective expertise and strength, we aspire to bring forth groundbreaking projects that will shape the future of energy solutions.”

Top Construction Projects, People, Practices and Contractors Honored at ABC Convention 2024

Retrieved on:

Monday, March 18, 2024

Quality control, ABC, NCC, Diversity, University, Construction, CMC, Safety

Top 4 ABC Member Companies Recognized for Leadership in Inclusivity, Diversity and Merit

Key Points:

Top 4 ABC Member Companies Recognized for Leadership in Inclusivity, Diversity and Merit
On March 15, ABC recognized the winners of the 2024 ABC Construction Management Competition and the 35th annual National Craft Championships.
CMC is ABC’s hallmark competition promoting careers in construction management, featuring teams of undergraduate students from colleges and universities who test their skills in project management, estimating, safety, quality control and presentation skills.
NCC celebrates and recognizes upskilling in construction, draws some of the country’s most talented craft professionals and highlights the important role that craft skills training plays in the construction industry.
The association also honored the 2024 ABC Top Performers .

Lithium Americas Reports 2023 Full Year and Fourth Quarter Results

Retrieved on:

Friday, March 15, 2024

Lithium, PLA, District court, Bureau, News, Regulation, Public expenditure, Doctor of Philosophy, National instrument, Judgement, Bank statement, TSX, SME, Engineering, Record, Construction

VANCOUVER, British Columbia, March 15, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported its financial and operating results for the fourth quarter and year ended December 31, 2023 (“Q4 2023”) and has filed its audited consolidated financial statements (“Financials”) and management’s discussion and analysis (“MD&A”) for the year ended December 31, 2023. The Company is also providing an update on its Thacker Pass lithium project in Humboldt Country, Nevada (“Thacker Pass”).

Key Points:

VANCOUVER, British Columbia, March 15, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) has reported its financial and operating results for the fourth quarter and year ended December 31, 2023 (“Q4 2023”) and has filed its audited consolidated financial statements (“Financials”) and management’s discussion and analysis (“MD&A”) for the year ended December 31, 2023.
The Company is also providing an update on its Thacker Pass lithium project in Humboldt Country, Nevada (“Thacker Pass”).
Site preparation for major earthworks has been completed, including all site clearing, commissioning a water supply system, site access improvements and site infrastructure.
The Company is currently focused on advancing detailed engineering, procurement and execution planning for the construction of Thacker Pass Phase 1.

Veteran Entrepreneur Stephen Samuel to Spearhead Evolve Realty & Development Corp.

Retrieved on:

Thursday, March 14, 2024

Development, Growth, Construction, Hotel

The seasoned entrepreneur is channeling over 20 years of passion and expertise into Evolve Realty & Development Corp ., a construction and development venture in Los Angeles that promises innovation and efficiency in the industry.

Key Points:

The seasoned entrepreneur is channeling over 20 years of passion and expertise into Evolve Realty & Development Corp ., a construction and development venture in Los Angeles that promises innovation and efficiency in the industry.
What sets Stephen Samuel apart is a leadership approach that emphasizes self-performed construction work.
Having his construction team directly involved in the projects ensures that Evolve Realty & Development gains unprecedented control over outcomes.
“At Evolve Realty & Development, we hope to not only redefine the construction industry but also to contribute meaningfully to communities through innovative development projects,” Stephen Samuel says.

Lithium Americas Provides a Thacker Pass Construction Plan Update

Retrieved on:

Thursday, March 14, 2024

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) provides a construction plan update for its Thacker Pass lithium project located in Humboldt County, Nevada (“Thacker Pass” or the “Project”).

Key Points:

VANCOUVER, British Columbia, March 14, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) provides a construction plan update for its Thacker Pass lithium project located in Humboldt County, Nevada (“Thacker Pass” or the “Project”).
The Company and its engineering, procurement and construction management (“EPCM”) contractor, Bechtel, entered into a National Construction Agreement (Project Labor Agreement) (“PLA”) with North America’s Building Trades Unions (“NABTU”) for construction of Thacker Pass.
“Our team has been focused on refining the development plan and de-risking construction execution of Phase 1 for Thacker Pass,” said Jonathan Evans, President and Chief Executive Officer of Lithium Americas.
Lithium Americas and Bechtel entered into a PLA with NABTU for construction of Thacker Pass.

Hard market softening for construction sector, but inflation pressures still loom over insurance industry

Retrieved on:

Thursday, March 14, 2024

Uncertainty, Building material, Growth, Construction, Health, Insurance, WTW, Semiconductor, Workforce, Optimism, Airport, Ageing

However inflation and interest rate uncertainty is still impacting the insurance industry as a whole, after another record year of catastrophic events in 2023.

Key Points:

However inflation and interest rate uncertainty is still impacting the insurance industry as a whole, after another record year of catastrophic events in 2023.
That’s according to the Q1 Construction Rate Tracker from WTW, a leading global advisory, broking and solutions company.
Yet, construction activity is expected to retract in some countries within Europe and Australia, due to the increased construction costs for projects as a result of economic factors including high inflation, elevated interest rates and labour shortages.
Yet, expectations of flat rates and slight discounts for “best in class” risks and clients are indicated in some key territories.

ConCntric Streamlines Construction Procurement with BuildingConnected Integration

Retrieved on:

Wednesday, March 13, 2024

Cloud, GC, Construction, Risk, SAN, Software

The entire bid package generated in ConCntric then syncs into BuildingConnected to distribute to subcontractors.

Key Points:

The entire bid package generated in ConCntric then syncs into BuildingConnected to distribute to subcontractors.
Finally, the awarded values from BuildingConnected sync back into ConCntric to track the planned versus actual costs.
This integration specifically targets the procurement phase, aiming to streamline the often manual and disjointed processes prevalent in the industry.
ConCntric’s integration with BuildingConnected further solidifies their commitment to transforming preconstruction processes, setting a new standard for efficiency and effectiveness in the built world.