Arconic Foundation announces $150K in grants supporting workforce development, STEM

The Daily Times | August 09, 2019

Arconic Foundation has awarded seven grants totaling $150,000 to nonprofit organizations in Blount, Knox and Sevier counties to further workforce development and Science, Technology, Engineering and Math programs throughout the region. The foundation invests its grant funds primarily in initiatives that advance STEM education and training, particularly those that prepare students and the workforce for advanced manufacturing careers, the foundation said in a news release. We are proud to support many of our longtime partners this year, including one that goes back more than 100 years - the city of Alcoa. Congratulations to them on a centennial celebration. Arconic Foundation resources will provide for historic markers that will tell the story of the city for years to come, Jeff Weida, Arconic Tennessee Operations plant manager, said in a statement.

Spotlight

Tata Technologies partnered with the Association of Equipment Manufacturers (AEM) to conduct a survey on the challenges heavy machinery manufacturers are facing in the marketplace, and how they plan to drive product development and innovation in an increasingly competitive global environment.

Spotlight

Tata Technologies partnered with the Association of Equipment Manufacturers (AEM) to conduct a survey on the challenges heavy machinery manufacturers are facing in the marketplace, and how they plan to drive product development and innovation in an increasingly competitive global environment.

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CONSTRUCTION

BMS CAT Acquires Highland Construction

Blackmon Mooring & BMS CAT | August 19, 2022

BMS CAT is proud to announce the acquisition of Highland Construction. Highland has three operating locations in eastern North Carolina – the main branch is in Fayetteville, with facilities also in Raleigh and Wilmington. This acquisition gives BMS CAT four operating branches covering the state of North Carolina, including Charlotte. Highland has been in business since 1981, and provides residential and commercial services for mitigation and reconstruction. "BMS CAT is pleased to announce our strategic acquisition of Highland Construction. We have viewed the North Carolina marketplace as a key geography in our company's growth strategy. Kenny Strickland has built a tremendous business over the last 41 years, and we are excited to merge our two rich cultures together as one company. By doing so, we will be able to provide the best restoration and construction services to our combined customers. Highland Construction's commitment to quality is exemplified through their remarkable team of employees." -Tom Head, President & CEO of Blackmon Mooring & BMS CAT. Highland's partnership with BMS CAT is an incredible opportunity for our employees, our customers, and the areas we serve. It allows us to take on bigger and more complex projects while maintaining our high-quality standards; It gives our team access to even greater professional opportunities; and, it gives our markets even more support when and where they need it most. It's a very exciting partnership, said Kenny Strickland, former President of Highland Construction. Today's announcement is the eighth in a strategic plan of acquisitions to support BMS CAT growth. The company previously acquired North Carolina-based Diamond Restoration, Michigan-based Jarvis Restoration, Pennsylvania-based FireDEX of Pittsburgh, South Carolina-based CATCON, Pennsylvania-based Mellon Certified Restoration and Florida-based Guardian Restoration. About Blackmon Mooring & BMS CAT: Started in 1948 as a furniture and dye shop, Blackmon Mooring has grown to become a leader in each service area it practices – from fire and water restoration to storm damage recovery. The earliest founders of Blackmon Mooring built their business on reliability, quality and superior customer service. In 1981, the company expanded its reach globally with the addition of the BMS CAT division and since then, it has responded to some of the world's most devastating disasters. Today, the company follows the same principles it was founded upon, and always remembers that the customer is the cornerstone of the business.

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CONSTRUCTION

Built Helps Construction Lenders Manage Risk with Project Pro

Built | July 08, 2022

Built Technologies (Built), the fastest growing construction finance platform in the U.S., today announced Project Pro, the first-of-its-kind contractor management and project monitoring solution for lenders. Construction lenders around the world are limited in their ability to monitor and manage the risks of their construction portfolio. They often lack specialized tools built for construction financing that provide actionable insights, and in many cases this situation prevents them from keeping money moving smoothly throughout the ecosystem of stakeholders. Built’s Project Pro, available today, changes this paradigm for lenders from reactive to proactive. Construction financing is inherently risky. Compounding that is the fact that lenders typically don’t have visibility into the project status and contractor performance that would help them manage many risks. Project Pro aggregates vital information in one place to allow construction lenders to understand and proactively manage risks and their associated costs more effectively. The net result is less risk and a better client experience. “By providing our lender partners a proactive solution to monitor and manage key risks associated with construction lending, they can scale their business with confidence, We are streamlining the entire loan and construction lifecycle for lenders and improving their returns.” Brent Blane, General Manager, Built Marketplace Project Pro aggregates and allows for the evaluation of critical information about the loan and the status of the project, which can be used to improve decision making and help a project come to a successful conclusion. The product consists of three main capabilities that include: Contractor Management simplifies the manual work of managing contractors and makes it easier to achieve compliance through the automation of important procedures. These processes include the collection of required documentation and relevant data, along with reporting for at-risk contractor characteristics. Built based on lessons learned working with major construction lenders, this offering fully integrates the process of reviewing, tracking, and maintaining a roster of contractors, including the creation of Contractor Acceptance agreements. Project Monitoring allows lenders to fully understand the status and issues facing a project so they can rectify problems before they slow progress or result in non compliance. It serves as an early warning system for construction lenders to identify possible roadblocks and proactively provides notifications when any warning signs appear—including liens filed on the project, changes to the contractors’ business credit, and required project compliance documentation expiration. The Project Pro Dashboard provides a single source of truth with the most important project information in one view. This brings to the forefront project status, risks, and Construction Loan Administration data such as current/recent draw summaries and project comments along with easily understood graphs and charts. This unified view into every piece of a project, allows lenders to understand the historical and current project status and make decisions based on that information. It saves not only time, but avoids conflicting information and lack of visibility by those who need it. Project Pro is available through Built Marketplace, a cohesive offering of services that transform the construction loan administration process from a series of unpredictable, reactive tasks into a standardized set of processes and risk monitoring capabilities that helps loan administrators make smarter decisions. Clients interested in learning more about Project Pro or adding to their existing loan administration solution can visit https://getbuilt.com/built-marketplace/project-pro/. About Built Built is the leading provider of construction finance technology. Built connects commercial and consumer construction lenders, property developers, commercial general contractors, residential homebuilders, specialty contractors, title companies, and other critical industry vendors to improve the flow of capital through the construction ecosystem. By connecting all key stakeholders involved in the construction financing process in real-time, the Built platform helps mitigate risk, power faster draws and payments, ensure compliance, and inspire customer loyalty. Built is used by more than 190 of the leading U.S. & Canadian construction lenders and thousands of developers and contractors.

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CONSTRUCTION

Clark Construction Delivers Snapdragon Stadium on Schedule

Clark Construction | August 23, 2022

Clark Construction Group joined San Diego State University (SDSU) leaders, city officials, and distinguished guests to cut the ribbon on the state-of-the-art Snapdragon Stadium. Designed as a hub for sports and entertainment, the new 35,000-capacity venue provides a home field for SDSU Aztec Football, as well as for professional and collegiate soccer, NCAA championship games, concerts, and other cultural events. As the design-builder in charge of design and construction efforts on the multi-purpose venue, Clark Construction led a high-performing team of more than 250 firms, including engineers, and trade contractors. Gensler Sports was the lead designer. The stadium's signature design elements, including concourse level "neighborhoods," and standing-room-only "piers" that jut out over stadium seating to conjure a coastal vibe are designed to reflect the city's diverse communities and combine to create a venue that is authentically San Diego. The stadium is a part of the first phase of development at SDSU Mission Valley, a mixed-use, medium-density, transit-oriented development that will expand the university's educational, research, entrepreneurial, and technology programs. An Innovation District is projected to provide educational opportunities for up to 15,000 additional students and, once complete, SDSU Mission Valley will also include retail, housing, and the development of community parks and open space. It is expected to bolster the university's local economic impact by an estimated $3 billion per year. Snapdragon Stadium's construction has served as a boon to the San Diego economy. Local firms were awarded $250 million in construction contracts on the project. Throughout construction, Clark also helped lead training programs to ensure a local and diverse workforce had the opportunity to work on the project. In aggregate, a combined 4,000 workers logged 1.2 million hours to successfully deliver Snapdragon Stadium. "This project is a testament that construction is a team sport, With everyone working toward the goal of winning together, we were able to deliver a high-quality venue on time, on budget for SDSU and the greater San Diego community." -Albert Valdivia, Clark's vice president in charge of construction operations for the project. San Diego's newest landmark is a product of a two-year intensive construction effort. To make way for the new venue, Clark demolished Qualcomm Stadium, the former home of the San Diego Chargers. Crews erected the structure using a combination of cast-in-place concrete, precast concrete, and steel. To shape the stadium, crews raised the site nearly 30 feet and erected 2,500 steel beams. "We appreciate all the hard work to get Snapdragon Stadium complete in time for our first game against Arizona, We are looking forward to fans coming to a stadium that they can be proud of – a stadium that is authentic to San Diego. We feel we've created an unmatched experience in collegiate athletics, and in all events that come to the stadium." -J.D. Wicker, director of intercollegiate athletics at SDSU. Snapdragon Stadium will make its official debut during the Aztec Football season opener against the University of Arizona Wildcats on September 3. Famed musicians Jimmy Buffett and Jason Mraz will perform the first concert at the arena on October 22. More information about Snapdragon Stadium is available online: https://snapdragonstadium.com/ About Clark Construction Group: For more than a century, Clark Construction Group has been transforming the ideas and visions of its clients into world-class projects that make the United States a stronger, safer place. As one of the nation's largest asset creators, Clark has offices strategically located across the country to serve the needs of its clients.

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