Construction Material Costs – Spikes Everywhere
Beyond the big and not unexpected year-over-year energy-related cost jumps for diesel fuel (+63.8%), gasoline (+61.5%) and asphalt (+36.9%), the next greatest increases were recorded for steel bars, plates, and structural shapes (+45.4%), aluminum mill shapes (+43.7%) and particle board and OSB (+36.8%). The energy-related cost climbs tie to oil and gas supply interruptions and uncertainty created by the military action between Russia and Ukraine. Construct Connect
FERC Propels Landmark Revamp of US Power Transmission
Regional power transmission providers in the US would have to extend planning over a 20-year horizon to identify building needs based on developing changes in generation and demand—under a proposed Federal Energy Regulatory Commission rule the agency approved April 21 to gain feedback for the country's needed grid infrastructure upgrade and expansion to accommodate new and cleaner energy sources. ENR
Contractors Turn to Payment Apps to Speed Billing
Cloud-based and mobile-friendly, fintech solutions are poised to revolutionize how contractors pay and get paid. Construction Dive
Washington First State to Require Electric Heat Pumps
Construction interests oppose change to state's energy code. ENR