August Construction Starts Decrease 6 Percent

Dodge Data and Analytics | September 23, 2019

New construction starts dropped 6% over the month in August to a seasonally adjusted annual rate of $807.1 billion, according to Dodge Data & Analytics. August’s decline breaks a string of three consecutive month-to-month gains. By major sector, nonbuilding construction fell 15% in August, reversing the large increases made in the previous month when several notable projects started. The declines in residential and nonresidential building were milder – falling 1% and 3% respectively in August.The August statistics lowered the Dodge Index to 171 (2000=100) compared to 182 in July, marking the lowest reading for the Index since May. Despite the month’s decline, the Index remains above its 2019 average of 167.

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Spotlight

Do you spend too much of your time on tedious, non-engineering tasks? Wouldn’t you rather indulge in the creative process that got you into engineering in the first place? The answer to those two questions is an obvious “Yes!” This research report from Aberdeen Group shows how Industry Leaders use PCB design tools to meet business needs while letting engineers get back to their real passion: the joy of creation.

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PRODUCTS,CONSTRUCTION

Inpensa Announces Partnership With Procore to Deliver Its Integrated Capital Planning Solutions

Procore | November 17, 2022

Inpensa, a leading provider of Capital Planning solutions, today announced an integration in partnership with Procore Technologies, Inc., a leading global provider of construction management software. This integration will provide robust capital planning solutions to Procore customers. Customers can now manage their capital plans, cost estimations and track CapEx-related project performance within Inpensa and exchange data with the Procore platform. The integrated solution helps solve a key industry challenge by streamlining the connection between the capital planning process and project delivery, and enabling greater insights that improve decision making. Inpensa solution provides the ability to create a new project idea, develop a business case & cost estimations and use a dynamic workflow to approve it. All projects can be combined to develop a comprehensive capital plan at the individual business unit level with budget guardrails, scenario modeling, and reprioritization. Data can be exchanged with the Procore tools to eliminate double entry and create continuity. The combined solutions provide data analytics to allow for analysis and reporting. Customers can benefit from a standardized, easy-to-use process and the ability to optimize their overall capital spend. For many years, the Inpensa Capital Planning Platform has been used by some of the world’s largest organizations to manage the full life-cycle capital planning process and help companies optimize their overall capital spend, said Suraj Nekram, Inpensa co-founder and CEO. We are excited about the partnership with Procore, the industry leader in construction management software and the opportunity to offer our solution to their global customers. "We are thrilled to have Inpensa as a new Procore partner. Their team has deep knowledge and real-life experience in the Finance and Capital Planning space, and integrating the Inpensa solution with the Procore platform provides our mutual customers with an exciting opportunity to drive meaningful improvement in business workflows that are traditionally very siloed, disconnected, and inefficient. The integrated solution connects capital planning with project delivery to give stakeholders across the business increased efficiency, visibility, governance, and control." -Jeremy Chasen, Senior Manager, Business Development at Procore. About Inpensa: Inpensa is a venture backed software company that provides purpose-built solutions for capital planning, capital appropriation requests and performance management. Inpensa customers range from small to some of the largest Fortune 500 companies in the world. Inpensa offers a pro-edition for smaller businesses and Enterprise edition for larger companies that have more complex requirements. Customers small and large benefit from our years of hands-on expertise, careful attention to details and customer centric approach. Our industry leading SaaS platform is built to develop better capital plans, effectively manage capital projects and optimize overall capital spend. About Procore: Procore is a leading global provider of construction management software. Over one million projects and more than $1 trillion USD in construction volume have run on Procore's platform. Our platform connects every project stakeholder to solutions we've built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore's App Marketplace has a multitude of partner solutions that integrate seamlessly with our platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices around the globe.

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CONSTRUCTION

Granite Brought in for Preconstruction Services on Albion River Bridge CMGC Project

Granite | November 22, 2022

Granite (NYSE:GVA) announced today that it has been selected as the Construction Manager/General Contractor (CMGC) for the Albion River Bridge Replacement/Rehabilitation project. Located near Albion, California, the project will be delivered using the CM/GC method, which includes the contractor early in the design process to incorporate the contractor’s perspective in the planning process. This method provides more opportunities for innovation and efficiency than traditional project delivery methods. The construction portion of the project is anticipated to be valued in a range of $50 million to $85 million and awarded in 2026. The current Albion River Bridge is a wooden-deck truss bridge that carries Highway 1 across the Albion River near the coast in Mendocino County, California. Built in 1944, wood was used for large portions of the bridge because of WWII steel and concrete shortages. At 26 feet wide, the 970-foot span does not meet modern safety standards for width and the steel truss across the center section has become significantly corroded and does not meet safety standards for critical components. Despite the functional limitations of the existing bridge, it is a beloved local landmark and unique for being the only remaining wooden truss bridge on Highway 1. There are many alternatives, including rehabilitation and a “no build” alternative, that need to be studied and obtaining local community engagement is critical to identifying the most sustainable solution. Granite’s team will support the Caltrans Delivery Team with additional expertise, creating an integrated project delivery team to deliver a successful project. “The selection of Granite for this CMGC project demonstrates that clients appreciate our ability to work shoulder to shoulder with planning, environmental, and design experts to deliver the best solution for a community, Our team used local knowledge, innovations from around the company, and nationwide CMGC experience to deliver an exceptional proposal to provide maximum value to Caltrans at every stage of the project.” -Bill McGowan, Alternative Delivery Project Manager and Vice President Granite. About Granite: Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability.

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CONSTRUCTION

Empire Southwest to Acquire Cashman Equipment

Empire Southwest | November 15, 2022

Arizona-based Empire Southwest (“Empire”), the Cat dealer serving the service territory of Arizona and Southeastern California, has agreed to acquire Nevada-based Cashman Equipment (“Cashman”), the Cat dealer serving the service territory of Nevada and parts of Eastern California. Empire and Cashman are both third-generation, family-owned Cat dealers. They share similar rich histories, values-driven corporate cultures, and strong reputations for exceptional customer and community service. Empire, which was founded in 1950, operates 22 dealership locations; Cashman, founded in 1931, operates 7 locations. Together, the combined dealership will be positioned to provide even stronger service and solutions to clients in the construction, mining, energy, agricultural, and industrial sectors as well as expanded capabilities to serve one of the country’s fastest growing areas. “We have tremendous respect and admiration for MaryKaye Cashman and her team. Cashman is a very high performing dealership that has been dedicated to their people, customers, and communities for generations. We are honored and humbled by the trust MaryKaye and Caterpillar have placed in us. Like Empire, the Cashman organization is full of amazing men and women who are committed to making things better. I’m confident that the new combined team will take the business in both service territories to new levels of client success by building on the industry-leading strengths of both dealerships.” -Jeff Whiteman President, and CEOEmpire. MaryKaye Cashman, Owner, CEO & Chairman of Cashman Equipment, said, Since taking the reins of the company in 1995, I have dedicated my life to Cashman Equipment and our fantastic team, which has done such exceptional work supporting our customers and rallying around me in my unique and new role as the head of a Cat dealership. Empire has long had a reputation for excellence among Cat dealers and, as I pursue a new chapter in my life, it is an exciting opportunity for our teams to be able to join forces. I have known the Whiteman family for decades and appreciate not just what their company does but how they have built it – with honesty, respect, and integrity, and with employees and customers always at the center. Our cultures and values share a lot of common ground, and I know that our team members will thrive in this new, combined business that will deliver even more for the customers and communities we serve. This transaction is expected to close in December 2022. The combined company will be led by Empire’s current CEO Jeff Whiteman and will continue to provide exceptional support to its clients while focusing on growing the business and attracting great people in one of the country’s fastest growing regions. All Cashman and Empire employees will be important for the continued success of the combined company. About Empire Southwest: Empire Southwest is an authorized Cat® dealer for heavy equipment and power systems throughout Arizona and Southeastern California. In addition, Empire is a provider of Tier 1 commercial solar products and microgrids, an authorized AGCO equipment dealer representing Fendt and Massey Ferguson, an authorized Trimble dealer through SITECH Southwest, and a premiere distributor of Maintainer, Trail King and other leading truck and trailer brands. The third-generation, family-owned company was founded in 1950 and has over 2,300 employees across 22 locations. About Cashman Equipment: Founded in 1931 by James "Big Jim" Cashman, Cashman Equipment is one of the highest-rated Cat equipment dealers in North America. A full-service dealership, Cashman provides new and used equipment for sale and rental, as well as high-quality parts and service to construction, paving, mining, truck engine, technology, and power system industries throughout Nevada and the Eastern Sierras.

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