Author: dannie

7 Construction Technology Companies that Created Funding Waves

dannie

Technology firms are now creating innovations for the construction industry and have been launching multimillion-dollar fundraising waves.
From heat-sensing technology to drones, the construction business is using technological advancements. Below are the top construction technology companies that generated funding waves:
1. Toggle
Toggle is a company focusing on the automated assembly of reinforced concrete and rebar-reinforced concrete construction…

7 Ways to Hack a Construction Firm

dannie

Matt Andersen, the principal cybersecurity consultant at CliftonLarsonAllen (CLA), told the Construction Financial Management Association (CFMA) audience how vulnerable construction firms are to cyberattacks.
He said that approximately 80% of data breaches include compromises in password information. Additionally, increased work-from-home setups during the COVID-19 pandemic helped the upsurge of breaching opportunities. Besides, remote access is now the new normal.
With the rise in the number of users who have remote access, many hackers worldwide have moved from malware to credential stealing. They use VPN technologies and …

Infrastructure Bill Allotted $100M for Construction Technology

dannie

An infrastructure bill that allotted $100M for construction technology is on its way to be deliberated upon by the House in the United States of America. It provides enormous opportunities to construction firms in a rising tide raising all boat setup. It is a once-in-a-generation chance to do something transformative in the construction sector.
Moreover, it includes billions of U.S. dollars to fund aging infrastructure, roads, and bridges. It comes with a yearly 20 U.S. million…

The Cost of Building Homes Continues to Soar Due to Government Regulations

dannie

Changes in building regulations and statutes over the past decade added the most to the increase in regulatory prices. The upsurge associated with laws was around 6.1% of the final house price and 9.9% of a builder’s construction costs.
U.S. statistics on new home prices show that regulatory costs in an average home built for sale increased from $84,671 to $93,870. It is a 10.9% increase within five years between 2016 to 2021.
It illustrates how overregulation is …

AGC Pleads Biden Administration to Stop Paying Individuals Not to Work

dannie

Several states in the United States of America have ceased the weekly $300 federal pandemic unemployment benefits hoping that their unemployed people will now start heading back to work.
The officials of Associated General Contractors of America (AGC) pinpointed that firms that stopped the unemployment perks had an upsurge in the number of people searching for employment opportunities. Meanwhile, firms in other parts of the country are struggling to find qualified workers that they can hire. The said federal unemployment benefit will expire on the 6th of September 2021.
However, in Indiana and Maryland, judges just issued …

New Orleans’ Convention Center Authority Pushes New Votes for $557M Contract

dannie

Louisiana’s law on open meetings stipulates that meetings by a public body in the state must be in public and within a period that lets the people voice out their comments. All votes must casted viva voce or orally rather than written. Additionally, votes must be recorded in the meeting minutes or another official procedure and made available to the community.
Unfortunately, a letter from the attorney general’s office in New Orleans emphasized that there might have been a violation of the abovementioned law during the open meetings for the $557M convention center contract.
The said project comprises renovations of…