The water crisis on the West Coast of America has had some investors in Silicon Valley saying, "water is the next oil." Traditionally, water and waste water companies have only received a few hundred million dollars of investment annually, about 1% of angel and venture capital. However, as the water crisis continues to be an ever more serious problem that is on the forefront of peoples minds, investors have started to pay attention to the water companies. As investors look into this large market, they are seeing that many water startup are out performing many tech startups.
Most of us have seen the statistics on how old and outdated much of Americas infrastructure is and this is an issue that those areas under this water crisis cannot afford. The industry is looking for new and creative solutions to solve many of the inefficiencies and outdated systems that have been in place for decades.
What does this mean for the construction industry? Well, a lot of startups and a lot of investors have a high chance of reaching profitability (according to Lux Research, which shows water startups exceed profitability averages), which means that these companies will be looking to build and expand as soon as they get the chance. The lack of water is a crisis, but this crisis is also a catalyst to improve our nation's infrastructure. And to improve means to build.
Turning Water Problems into Business Opportunities | TechCrunch
After an uptick in construction industry fatalities in 2016, a recent Bureau of Labor Statistics report shows that both the amount of construction worker deaths and the rate of fatality dropped in 2017.
Manhattan District Attorney Cyrus R Vance Jr strikes again on his hard stance against corruption and safety negligence in the construction industry. A Few weeks ago, he announced assault charges against a superintendent and a manager after 2 construction workers were seriously injured on a jobsite. In 2016, he successfully convicted a construction foreman of criminally negligent homicide and reckless endangerment after a laborer was killed in a trench collapse that he was overseeing. Just last week, Vance announced charges against formers Turner Construction and Bloomberg LP executives in a $15M bid-rigging and commercial bribery conspiracy.
Fresh of the heels of their $875 Million Acquisition by Autodesk, PlanGrid has released several enhancements to streamline your processes. Through the release of PlanGrid Connect and a couple other enhancements, it will now be easier than ever for users to reduce manual data entry across multiple applications.
2 different tablet belt clips up for grabs! Contest ends on 12/12/18!
The long delayed rule for crane operator certification has new life as OSHA has issued yet another final rule, after making alterations and clarifications. OSHA originally planned to require all crane operators to obtain certifications in 2010, but it has been delayed several times since then. A different final rule was proposed in 2017, but it was announced in May of 2018 that the administration intended to alter the rule.
Another year is about ready to wrap up as the holiday season is upon us. It’s the most wonderful time of the year, but it can be stressful for those in your life that are hard to buy for, especially those in the construction ideas. Our goal is to make that process easier for you or your loved one with our top picks for gifts every year!
In regards to technology, the construction industry is going through a very exciting time. While maybe on a smaller scale, it’s my belief that we’re in the middle of our very own Microsoft vs Apple battle circa the 80s and 90s. Several leading software companies are vying for that top spot in our industry right now and it’s becoming more and more clear who will come out on top by the day.
In what has become a popular trend for construction technology leaders, Procore recently held their yearly Groundbreak construction technology conference in Austin, TX from November 13-15. These yearly conference allow companies to reach a core of their user base and announce their past and future enhancements, in addition to performing hands-on training sessions with product experts. Construction Junkie was in attendance for this year’s Gorundbreak and we’ve got you covered with all the details.
This week, Procore held their annual construction technology conference called Groundbreak in Austin, TX. Through a series of keynote speeches and breakout sessions, Procore announced their latest releases and plans for the future. I was in attendance this week and I’ll have a full recap of the event coming soon. One of the company’s biggest announcements at this year’s Groundbreak was the release of a new product called Design Coordination, for Virtual Design and Construction (VDC) teams.
Over the past few years, it has been abundantly clear that many contractors have their choice of work and not enough resources to handle all of the opportunities. That abundance commonly leads to the labor field being able to bounce between companies for quick wage increases, leaving company owners and management struggling to keep fully staffed with qualified people.