ENGINEERING TECH, CONSTRUCTION

ABC’s Contractor Confidence Rebounds; Construction Backlog Indicator Flat in August

ABC | September 14, 2022 | Read time : 01:17 min

ABC’s Contractor News
Associated Builders and Contractors reports today that its Construction Backlog Indicator remained unchanged at 8.7 months in August, according to an ABC member survey conducted Aug. 22 to Sept. 7. The reading is a full month higher than in August 2021.

Backlog is down from the levels of the second quarter of 2022 but remains higher than at any point from March 2020 to March 2022. While the CBI reading fell for contractors in the South in August, it remains the U.S. region with the lengthiest backlog.

ABC’s Construction Confidence Index readings for sales, profit margins and staffing levels increased in August. The index for profit margins bounced back into positive territory while the sales and staffing level indices remained above 50, indicating expectations of growth over the next six months.

“Despite the high risk of recession, contractors collectively expect sales, employment and profit margins to grow over the next six months, Backlog is down from the cyclical peak in early 2022 and has been roughly flat in recent months, The buoyancy of the nation’s nonresidential construction marketplace is really quite remarkable, Rising interest rates have already driven the single-family homebuilding market into recession, but brisk nonresidential activity continues. Many nonresidential contractors are operating at capacity, and their principal frustrations relate to supply-side issues like worker shortages, equipment delivery delays and elevated materials prices, as opposed to demand for their services."

-Anirban Basu, Chief Economist ABC.

Spotlight

According to data provided by MIDF Research and CEIC Holdings, the biggest demand in jobs came from sectors that were driven by domestic demand, such as agriculture, forestry, manufacturing and construction. Therefore, it comes with no surprise that bonus expectations in these industries are high.


Other News
CONSTRUCTION

STRATA Networks Selects Render for Utah Open Access Fiber Network Project

Render Networks | October 21, 2022

Global leader in geospatial network construction technology, Render Networks, today announced STRATA Networks selected their purpose-built network construction platform to deliver Lehi City’s open access fiber network. Once completed, Lehi City will entirely own the network infrastructure and follow an open access model where participating ISPs can access the infrastructure and benefit from subscriber revenues, backed by a trusted network operator partner. Headquartered in Utah, STRATA Networks is the largest independent telecommunications cooperative in the state with nearly 70 years of industry experience and three decades of experience in building and operating fiber networks. STRATA Networks selected Render’s platform based on the proven deployment success with community FTTH network builds and the ability to streamline design and construction with automation, machine learning, and real-time progress visibility. “Render is helping us to significantly reduce the time and effort required to build an open access network like Lehi City. This technology will enable us to manage multiple builds and multiple contractors with greater visibility, often far beyond our existing network boundaries.” -Dave Ryan, Chief Operations Officer at STRATA Networks. Furthermore, we chose Render because of its telco construction management capability and expertise including the ability to transform network designs into detailed work for our crews. We know this will have direct savings on the required FTE and labor over the lifetime of the project, an important consideration in today’s landscape. “The open access network that STRATA Networks is building is a progressive approach that will lend itself to many efficiencies in terms of delivering the best services to its communities, At Render, our baseline is achieving the most efficient FTTH build with a commitment to industry-leading cost and schedule savings. Network providers like STRATA Networks are crucial to solving the digital divide and we are thrilled to play a role in delivering these heightened levels of productivity and savings to STRATA Networks and Lehi City.” -Sam Pratt, CEO at Render Networks. About STRATA Networks: STRATA Networks was founded in 1948 when a few residents, who lived in the remote portions of the Uintah Basin, undertook an effort to bring phone service to their homes. Today the STRATA Networks’ cooperative, headquartered in Roosevelt, Utah, has grown to employ close to 300 people and provides a variety of technologically advanced services. STRATA continues to expand and offer leading-edge services including nationwide wireless coverage, the fastest broadband internet in the Uintah Basin, advanced TV, and their flagship home telephone service. STRATA has become the leading telecommunications provider across the Uintah Basin and into parts of Wyoming and Colorado, serving over 60,000 customers. About Render Networks: Founded in 2013 with a mission to build networks better, Render has a successful history of streamlining large-scale network construction for network operators and construction teams. Through the automation of manual tasks and improved utilization of resources, Render’s end-to-end geospatial network construction platform eliminates all paper-based processes, achieving real-time progress transparency and generating time and cost efficiencies of 30% while improving visibility and control across global telco infrastructure rollouts.

Read More

CONSTRUCTION

Infotech Launches Appia Construction Data Visualization ArcGIS Integration in Esri Marketplace

Infotech | October 19, 2022

Infotech, a leader in infrastructure construction software solutions, announced today it has launched the Appia service and a Construction Data Visualization extension in the Esri ArcGIS Marketplace. With this Esri ArcGIS integration, the Appia service is now a geo-enabled construction administration solution that allows owners to visualize the full story of civil infrastructure projects. In addition, Infotech has earned Silver partner level status within the Esri Partner Network. By pairing Infotech’s Appia service with Esri ArcGIS, Esri users can visualize critical construction data in public dashboards that provide transparency on dollars spent and progress made as well as private dashboards for team collaboration and information sharing. Additionally, the Appia and ArcGIS integration provides Local Public Agencies (LPAs) with asset location information required for digital as-builts and near-time data updates from field inspections, which provides further transparency on project schedule, payments and funding. “Working with Esri to geo-enable the construction data managed across our systems and including that critical data during the digital project delivery greatly enhances the handover process to asset management and maintenance systems, Being able to take the large amounts of data captured on each project and present it in an easy-to-understand dashboard allows Infotech to continue to support owners with tools that promote transparency.” -Will McClave, Infotech President of Systems. The Appia Construction Data Visualization extension allows LPAs and engineering firms to ensure construction data is GIS-enabled. This integration connects near-time construction project data to dynamic ArcGIS dashboards to support insight-driven decision making. “We look forward to our partnership [with Infotech] which will offer agencies greatly increased capabilities by leveraging our combined strengths, Combining Infotech data and systems with the analytical and visualization capabilities of Esri will provide our mutual customers with new levels of insight throughout the project lifecycle." -Terry Bills, Global Transportation Industry Director at Esri. The Esri ArcGIS Marketplace features products and services that extend the capabilities of ArcGIS to include industry and workflow-specific solutions built by companies like Infotech. About Infotech: Info Tech, Inc., DBA Infotech (Infotech) is a leading SaaS solutions provider for the infrastructure construction industry. Informed by DOT relationships and decades of experience, Infotech develops software solutions that bridge the gaps between owners, consultants, contractors, and other project stakeholders. Whether it be tools for construction administration and inspection or secure online bidding, Infotech’s solutions are built to increase transparency, productivity, and the availability of data. Infotech is the developer of Appia®, Bid Express®, and Doc Express®, as well as the official contractor for AASHTOWare Project™. About Esri: Esri, the global market leader in geographic information system (GIS) software, location intelligence, and mapping, helps customers unlock the full potential of data to improve operational and business results. Founded in 1969 in Redlands, California, USA, Esri software is deployed in more than 350,000 organizations globally and in over 200,000 institutions in the Americas, Asia and the Pacific, Europe, Africa, and the Middle East, including Fortune 500 companies, government agencies, nonprofits, and universities. Esri has regional offices, international distributors, and partners providing local support in over 100 countries on six continents. With its pioneering commitment to geospatial information technology, Esri engineers the most innovative solutions for digital transformation, the Internet of Things (IoT), and advanced analytics.

Read More

CONSTRUCTION

Blue Ridge Construction Capital Acquires Artistic Paver Manufacturing, Inc.

Blue Ridge Construction Capital | November 10, 2022

Blue Ridge Construction Capital LLC ("BRCC"), in partnership with incoming CEO Matthew Wayman and founder Dan Essig, is pleased to announce the acquisition of Artistic Paver Manufacturing, Inc. ("Artistic"). Artistic, based in N. Miami Beach, FL, is a manufacturer of premium interlocking, decorative concrete pavers sold for outdoor living applications. The Company has manufacturing facilities in Miami and Phoenix and serves the fast growing Southeastern and Southwestern geographic markets. Dan Essig, who founded Artistic in 2000 and served as President and CEO, will transition to a full-time advisor role and join the Board of Directors. Dan stated, "I am really proud of the successful 22-year history of Artistic and even more excited to work with Matt and Blue Ridge to build the Company into a category leader." As a part of the Artistic acquisition, industry veteran Matthew Wayman will join the executive team as CEO. Wayman recently acted as the Senior Vice President and General Manager over Forterra, Inc.'s East Region, responsible for full commercial and operational oversight for a 12-plant, 500-team member operation serving 5,000+ customers. "Artistic is at an important inflection point. The brand and product offering are widely respected by contractors and consumers and the recent expansion in Miami positions the Company for tremendous growth." -Matthew Wayman CEO Artistic. BRCC Managing Partner and Co-Founder, Casey Rentch, commented, Dan has built a best-in-class concrete paver company and we are thrilled to partner with him and Matt to expand on the Company's incredible momentum. "We are excited to add Artistic to the Blue Ridge portfolio. The Company's unique growth and profitability profile are consistent with our goal of partnering with founders to acquire exceptional building products companies." -Ben Hughes, Partner and Co-Founder of BRCC. About Blue Ridge Construction Capital, LLC: Blue Ridge Construction Capital is a building products focused private equity firm investing in family and founder owned businesses that are seeking a collaborative, experienced partner to empower growth. About Artistic Pavers Manufacturing, Inc: Artistic Pavers Manufacturing, Inc. is a premium paver manufacturer serving residential and commercial markets across Southeastern and Southwestern U.S. markets.

Read More

ENGINEERING TECH

Rite-Solutions receives three Navy contracts worth $68 million

Rite-solutions | November 25, 2022

Rite-Solutions is pleased to announce it was recently awarded three contracts by the Naval Undersea Warfare Center Division Newport (NUWCDIVNPT), Naval Information Warfare Systems Command (NAVWAR), and Naval Surface Warfare Center Dahlgren Division (NSWCDD). Over the next three to five years, the three contracts total $68 million. Supporting NUWCDIVNPT’s Code 25 Combat Systems Department, Rite-Solutions will provide hardware and software engineering, systems engineering, system integration and testing, fleet support, and administrative services supporting the AN/BYG-1 submarine combat control system modernization. The contract is worth $25 million. “we are thrilled to continue supporting the Code 25 Combat Systems Department in what has been a long and productive partnership for more than two decades.” -Laura Deady Sr. Vice President Rite-Solutions. Separately, the Naval Information Warfare Systems Command (NAVWAR) awarded the company a $13 million follow-on contract under the Navy’s RAPDS Multi-Award ID/IQ for PEO MLB/PMW 250. Rite-Solutions will continue sustaining and maintaining the DoD IT Portfolio Repository (DITPR)-DON and DON Application and Database Management System (DADMS) IT Portfolio Management system. DITPR/DADMS is used by the DoD to maintain an inventory of all of its hardware, software, and their interfaces. The Naval Surface Warfare Center Dahlgren Division (NSWCDD) awarded the third contract to Rite-Solutions, worth $30 million. The Rite-Solutions proposal included up to 60 full-time employees, annually. The company will be hiring up to 30 people in the Virginia and DC area. “the Dahlgren center provides the world’s best surface ship command and control systems and we’re very pleased to apply our experience in undersea warfare.” -Laurie Carter, Rite-Solutions’ Senior Vice President of Business Development and Strategy. Rite-Solutions will provide engineering and combat systems integration expertise to the NSWCDD Integrated Combat Systems Department to plan and execute combat systems operations activities in support of current and future Combat System Command and Control functions. Rite-Solutions President and CEO, Dennis McLaughlin notes, these contracts, on the heels of a $77 million contract awarded by NSWCDD earlier this year, are a testament to the expertise and dedication of Rite-Solutions’ employees and the value we provide our customers. About Rite-solutions: Rite-Solutions, Inc. is an award-winning small business specializing in system engineering, software development, information technology (IT), and cyber security for government and commercial segments. Rite-Solutions has offices in Rhode Island, Connecticut, and Washington D.C.

Read More

Spotlight

According to data provided by MIDF Research and CEIC Holdings, the biggest demand in jobs came from sectors that were driven by domestic demand, such as agriculture, forestry, manufacturing and construction. Therefore, it comes with no surprise that bonus expectations in these industries are high.

Resources