Construction Costs Across the U.S. Continue to Rise

Hotel Business | May 10, 2019

International property and construction consultancy firm Rider Levett Bucknall (RLB) has released its latest Quarterly Cost Report (QCR) for North America. With data current to Jan. 1, 2019 and featuring construction cost information on 14 markets, it provides a statistical view of the state of the construction industry.
Upon publication of the QCR, Julian Anderson, president of RLB North America, said, According to our report, there are many markets currently at or near the top of the construction-activity cycle. Denver, Portland, OR, Phoenix, Toronto, and Seattle are peaking, with Los Angeles, New York, Boston, San Francisco, and Las Vegas at the threshold of that zone.
The report also takes a look at indicative construction costs for 15 building typologies in each market, citing the high/low hard costs per square foot in eight major sectors. This data can form the basis of compelling comparisons of cost across regions and/or sectors.

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Spotlight

Vortecon is a well-crafted precision machined desk toy that combines a smooth finish and solid body. The creators of the Vortecon settled on 3 strong aesthetic choices for the kinetic desk toys: stainless-steel, brass or copper (both of which obtain a beautiful patina after several uses over time), all of which are not only durable and long-lasting, but also give them the look of signature pieces on any desk.

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ENGINEERING TECH

Patrick Industries, Inc. Completes Acquisition of Coyote Mfg. Co.

Patrick Industries, Inc. | August 10, 2021

Patrick Industries, Inc. announced today that it has completed the acquisition of Nashville, Georgia-based Coyote Mfg. Co., a leading designer, fabricator, and manufacturer of a variety of steel and aluminum products, including boat trailers, towers, T-tops, leaning posts, and other custom components, primarily for the marine OEM market. "Coyote is a high-quality creative brand in the marine market known for its product innovation, customized style, and superior customer service," said Andy Nemeth, Chief Executive Officer of Patrick. "Coyote's marine components complement Patrick's growing portfolio in the OEM market while offering the potential for expansion into other leisure lifestyle markets. In keeping with our full solutions business model, our partnership with Coyote will provide additional resources and a wide breadth of marine products to better serve our customers across the U.S." David Money, co-owner of Coyote, commented, "The Coyote team is very pleased to join the Patrick family and we look forward to partnering with Patrick to continue to drive innovation with our product offerings, in addition to further broadening our geographic reach." Tony Lanier, co-owner of Coyote, further commented, "Patrick's strategic resources and marine industry presence will add value to our team's ongoing commitment to excellence." About Patrick Industries, Inc. Patrick Industries is a leading component solutions provider for the RV, marine, manufactured housing and various industrial markets – including single and multi-family housing, hospitality, institutional and commercial markets. Founded in 1959, Patrick is based in Elkhart, Indiana, with over 10,000 employees and 160 businesses across the United States.

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ENGINEERING TECH

TriEye and Continental Engineering Services Collaborate to Bring the Power of SWIR to Driver Monitoring Systems

TriEye | May 22, 2021

Israeli startup TriEye, the developer of the world's first mass-market Short-Wave Infrared (SWIR) sensor, declares today its cooperation with Continental Engineering Services (CES), one of the main designing and creation accomplices for auto and industry clients. This joint effort will zero in on the execution of SWIR imaging frameworks in Driver Monitoring Systems. TriEye's detecting arrangement demonstrates viability in testing perceivability conditions, like high-glare from the sun, conceal designs from the environmental factors, or moving toward vehicle headlights - identification situations that are foremost for the wellbeing and dependability of in-lodge checking. Past upgraded perceivability, the organizations will assess the remarkable added worth of SWIR for distant material detecting in contrast with other sensor modalities. With TriEye's innovation, Continental Engineering Services will want to offer its clients significant detecting arrangements, for example, improved client ID capacities or exact safety belt identification. "CES is attempting to coordinate wellbeing and vehicle elements innovations to acknowledge protected and charming driving. When coordinating TriEye's SWIR detecting innovation, our high level inside detecting and driver observing arrangements profit by its high strength and unwavering quality," said Uwe Mühlberger, Director Segment Interior Electronic Functions at Continental Engineering Services. "We are pleased and charmed to report our coordinated effort with CES which denotes another significant advance in addressing the vision difficulties of car frameworks," said Avi Bakal, TriEye's CEO and Co-Founder, "Our joint work on planning a predominant in-lodge checking arrangement is bearing leafy foods as of now see critical premium from the market for this bleeding edge arrangement." "Bringing our reality's first CMOS-based SWIR sensor to the auto business speeds up the appropriation of more solid, profoundly robotized vision frameworks. SWIR innovation offers interesting and hearty picture information that is pivotal in diminishing street fatalities rates and saving lives," said Ziv Livne, TriEye's CBO. InGaAs-based SWIR cameras have been around for quite a long time, serving the science, aviation, and guard enterprises, however have not yet been utilized for mass-market applications because of their significant expenses and enormous structure factor. Given cutting-edge nanophotonics examination, TriEye and its essential assembling accomplice empower the creation of a savvy, CMOS-based HD SWIR sensor at scale, that is mass-delivered and little in size. Among the organizations that are teaming up with TriEye is the main games vehicle maker Porsche, notwithstanding the worldwide car provider Denso. The assessment of TriEye detecting innovation by CES, Porsche, Denso, and extra TriEye clients, builds up the ascent of SWIR is a critical component in cutting-edge vision arrangements. An ever-increasing number of uses are tackling SWIR range picture information to settle complex difficulties that become clear when looking past the apparent. About TriEye TriEye is a fabless semiconductor organization fostering a financially savvy, CMOS-based Short-Wave Infrared (SWIR) detecting arrangement. Its innovation empowers HD SWIR imaging and distant material detecting capacities with unique viability under regular low perceivability conditions. Established in 2017, the organization's reality's first innovation permits machine vision frameworks to convey picture information and significant data.

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CONSTRUCTION

Koch Modular Process Systems to Join Engineering and Construction Team in Support of ReGen III U.S. Gulf Coast Project to Upcycle Used Motor Oils

Koch Modular Process Systems | September 09, 2021

Koch Modular Process Systems, LLC (Koch Modular), a market leading provider of engineered and fabricated modular mass transfer systems for the chemical processing industry, today announced it will be participating in a joint team in support of the ReGen III Oil Corporation (ReGen III) project to build a new re-refinery facility located in the U.S. Gulf Coast (“USGC”).With Koch Project Solutions providing project execution management services leading up to the turnkey delivery of the new facility, Koch Modular will be working alongside Process Dynamics Inc. to provide the design, engineering and delivery of modular process systems to be installed within ReGen III’s new USGC re-refinery. Upon completion of detailed design, construction, commissioning, and start-up, this new USGC re-refinery facility will clean and process approximately 78 million gallons of used motor oils per year. By doing so, ReGen III advances the circular economy making higher and better use of the materials present in the market and directly offsetting the need for virgin materials. In support of this new USGC re-refining facility, ReGen III has signed a definitive, multi-year offtake agreement with bp for the purchase of all ReGen III’s base oil production. This USGC re-refining facility will serve as the foundation for ReGen III's future growth. “We are honored to be part of this innovative re-refinery project with ReGen III that will be a game changer for the way future used motor oils are cleaned and re-processed,” said George Schlowsky, president of Koch Modular. “Not only are we excited to bring our knowledge and expertise to the table, but we believe that together we are making more efficient use of resources to create additional value in society,” Schlowsky added. “Koch Project Solutions continues to help innovative companies bring superior technologies to market,” stated Paul Switzer, president of Koch Project Solutions. “Innovations like ReGen III mine value from waste products and returns them to beneficial use.” About Koch Modular Koch Modular has successfully designed and constructed modular systems for the global Chemical Processing Industry for over 30 years. Specializing in mass transfer, Koch Modular supports innovative technology companies on their pathway from concept to commercialization, providing pilot testing and process conceptualization services, process design package development, detailed engineering, and modular constructed systems. About ReGen III ReGen III is a cleantech company that is building sustainable green projects with compelling economics, without relying on government subsidies. ReGen III owns a portfolio of patented technologies that enable used motor oil (“UMO”) re-refineries to produce a higher value product mix of base oils than traditional methods, including 55% Group III. For more information about the Company. About Koch Project Solutions Koch Project Solutions strives to be the preferred partner for capital project execution. Built on a foundation of safety, Koch Project Solutions partners with project owners to develop customized execution and contracting strategies designed to maximize the return on investment. Koch Project Solutions is a part of Koch Engineered Solutions providing world-class services and technologies broadly across industrial sectors. Superior Outcomes. Consistently Delivered.

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