Estimating Edge announced that the company has been granted U.S. Patent No. 11,321,500 for Smart Takeoff Estimation Systems and Methods for VECTOR, a web-based 2-D quantity solution that extracts data from 3-D Models.
A proposal to incorporate the first U.S. guidance on tornado-resistant design into the model 2024 International Building Code passed the International Code Council’s structural committee by a vote of 14-0, at recent model code hearings in Rochester, N.Y.
The Dodge Momentum Index moved 4% higher in March to 166.9 (2000=100), up from the revised February reading of 160.3. The Momentum Index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
AGC and Procore Technologies, Inc. announced that they have met their initial fundraising goal of $500,000 for a new scholarship to support minority students studying construction at the nation’s Historically Black Colleges & Universities. Students will begin receiving the scholarship starting in the 2022-23 school year.
Today, a significant majority of global screw production occurs in Asia, however a handful of the world’s leading screw manufacturers continue to make the highest quality screws in North America and Europe.
Construction starts are once again increasing after a slowdown in the fourth quarter of 2021. But labor shortages continue, and after a brief decline, materials prices are again climbing, caused partially by the war in Ukraine.
Construction employment increased from February 2020—the month before the coronavirus pandemic—to February 2022 in nearly three-fifths of U.S. metro area.