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Six Steps For De-Carbonizing Construction

At an October construction technology conference in Singapore, Atkins CEO Keith Clarke told executives that if global temperatures rise two degrees Celsius in the next 20 years then instead of worrying about their pensions they should instead “buy a shotgun” because of “mass migrations, upheaval, and extinctions.”

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Change in Projects’ Scope the Leading Cause of Construction Disputes

International consulting group HKA, in its report “CRUX Insight: A Global Sector Market Analysis”, the group found changes to the scope of a project was the most common cause of construction disputes. This looked at many sectors, including commercial, defense, aerospace and military, industrial, infrastructure, oil and gas, and power and utilities.

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Reasons Why Construction Companies Fail

At the upcoming CONEXPO in Las Vegas in 2020, Larry Kokklenberg, PhD, will be presenting on the top ten reasons that construction businesses fail. Two thirds of these businesses fail within the first five year, and he says that most of the owners blame external sources, like insurance, taxes, or politics. But he’s identified ten things that businesses do to hamstring themselves. You can read the whole article at Daily Commercial News, but here are five of them.

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Labor Shortage May Be Hiding Potential Recession

Two things seem to be on the lips of construction managers everywhere: there is certainly a labor shortage, and there’s talk of a recession. But construction has typically been a bell weather for economic ups and downs—construction sees the slowdowns before anyone else, and it sees the pickup before other industries—and there’s no sign of a recession right now.

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AI Making In-Roads into Construction

In an industry that is traditionally resistant to technological changes, it may be surprising to learn that the construction industry is forecasted to spend $4 billion in artificial intelligence by 2026. While Power Tools has covered many stories of robots on the job site, this artificial intelligence is expected to come in the form of planning and forecasting software.

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Construction Industry Sees Drop in Deal Activity, Output Growth

North America’s construction and real-estate industry saw a drop in overall deal activity during the second quarter of 2019, according to GlobalData.

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Caterpillar and Deere Stocks Taking a Tumble as Recession Worries Begin

With the slowing of both commercial and residential construction, and rumors of an impending recession grow, two mainstay companies in the construction industry are seeing their values dipping—particularly because of the lack of demand for backhoes, cranes, and dump trucks.

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Top Ten Construction-Related Podcasts

While we try to keep you informed on construction news, there’s so much that we at PowerTools can’t cover. Here is a list of ten great construction-related podcasts that can help you keep abreast of everything newsworthy in the industry.

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Colorado Considering Changes to Labor Laws

Colorado lawmakers are looking to expand labor laws that will affect all areas of the workforce, but especially construction, as they seek to raise minimum wage and worker protections.

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Housing Market Slumps as Trade War with China Grows

The current trade war with China—which just increased tariffs on $300 billion in Chinese goods—is having an impact on nearly every product that comes from China, leading many companies to have to adjust pricing, reevaluate new policies, and even seek new sources for their supply chains.

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Three Industry Disruptors Coming in the Next Decade

In a recent meeting of the American Concrete Institute, Brian Moore of the FMI Institute stated that the future is changing and that there are three factors that will either make or break a construction company in the next ten years.

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Four Areas Where Construction Costs Routinely Exceed Budget

While budgets are developed with cushions for unexpected pitfalls, there are areas where budgets routinely are overrun. Knowing about these areas ahead of time will help to make better budgetary decisions in the future.

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How Blockchain Will Change Construction

Blockchain, the technology that powers things like bitcoin, is set to revolutionize the way that construction companies, engineering firms, architects, and customers interact. Blockchain is defined as a growing list of records, or blocks, that are connected using cryptography. Each block contains a link to the previous block, a timestamp, and transaction data. It’s a little like communicating on the cloud, but with intense security, and on some serious steroids.

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Grassi and Co.’s 2019 Construction Industry Survey Results

To take the pulse of the construction industry, Grassi and Co. hired an independent survey group to take a three-month survey of the industry in New York, and the results are in.

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Construction Spending Sees Huge Drop

Residential and non-residential construction saw their biggest decline in seven months, while government spending saw their biggest drop in seventeen years.

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Widespread Beliefs About US Infrastructure Spending May Be Unfounded

It is a fact that much of the United States infrastructure is deteriorating rapidly, but the commonly held belief that our spending on such infrastructure has dramatically decreased does not appear to be upheld by the evidence, according to a new report from the Brookings Institute.

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Heavy Market Investment in Construction Automation May Signal Change in Industry

Investors are pouring money into construction technology start-ups at a rapidly increasing rate, and it’s making many in the industry stop and take notice.

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Employee Spotlight: Bryan Stapley - Sales Associate

Introducing the newest member of our sales team, Bryan Stapley. Bryan is a Utah native, but he has lived in many places across the U.S. and abroad. He joined hh2 in 2019, and he is so excited about the opportunity...

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2018 Year in Review at hh2

2018 brought big changes across the globe, and it was no different here at hh2 Cloud Services. This year was filled with conferences, new product releases and feature updates across multiple platforms and solutions...

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Las Vegas to Secure #1 Spot for Entertainment With Exciting New Construction

New construction broke ground over the past week in Las Vegas. Residents will soon be able to see exciting new development directly on the famous Las Vegas Strip. A new globe-shaped event center has started...

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Home Shortage Continues as Prices Continue to Rise

Finding a home to purchase with a budget of under $250,000 seems close to impossible in today’s housing market. Labor, land and material costs continue to rise, which is resulting in slowing down the production...

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