Latest news with #constructioncompanies
Associated Press
28-05-2025
- Business
- Associated Press
McCormick Software Streamlines Supplier Relationship Management for Construction Estimators
CHANDLER, ARIZONA / ACCESS Newswire / May 28, 2025 / McCormick, the premier MEP construction estimating and takeoff software and a part of the Foundation Software product portfolio, offers specialized supplier management tools for construction companies looking to navigate material price volatility and supply chain disruptions. Construction materials typically make up 40-60% of the total cost of a project, according to the U.S. Chamber of Commerce. This highlights why effective supplier relationship management has become a critical success factor for today's contractors. McCormick now delivers comprehensive digital tools that transform how estimators engage with suppliers. Mcormick's platform enables data-driven decision-making by seamlessly integrating supplier management throughout the estimating workflow. Users can perform one-click price comparisons between preferred vendors, generate automated material quantity takeoffs and maintain digital cost tracking - all within a unified system. Beyond basic pricing considerations, McCormick helps estimators evaluate suppliers based on quality, consistency, delivery capabilities and communication effectiveness. This holistic approach ensures that contractors can build lasting partnerships with reliable vendors while maintaining competitive project bids. Key benefits of using McCormick for supplier relationship management include: Want to learn more about building strong relationships with construction material suppliers? Check out our full article on " Building Strong Relationships with Construction Material Suppliers " for more detailed guidance and insights. McCormick McCormick has provided leading estimating and takeoff solutions for the electrical, plumbing and mechanical fields since 1979. With built-in takeoff, trade-specific databases and dynamic supplier pricing, thousands of estimators across both the US and Canada are increasing their bid to win ratio daily. To learn more, visit Contact InformationTracie Kuczkowski Vice President of Marketing (800) 811 5926 x 7933Samantha Illius Marketing Relations Coordinator (800) 811‑5926 x 4823 SOURCE: McCormick Systems press release
CTV News
14-05-2025
- Business
- CTV News
Structurally unsound condo building in north Edmonton sold to investment company for $5.1M
A condo building in north Edmonton that was found to have been built with structural deficiencies after fire ripped through the fourth floor has been bought.
Yahoo
13-05-2025
- Business
- Yahoo
Saudi Arabia Bridge Construction Industry Report 2025: $30+ Bn Market Trends, Regional Insights, Competition, Forecasts & Opportunities, 2020-2030F
The Saudi Arabia Bridge Construction Market, valued at USD 21.8 billion in 2024, is projected to reach USD 30.16 billion by 2030, with a CAGR of 5.40%. Driven by Vision 2030, the market focuses on diversified economic growth, enhanced transport networks, and advanced construction technologies. Environmental challenges necessitate the use of durable materials. Major players like Bechtel and Vinci are capitalizing on this expanding sector. Explore market breakdown by type, material, and region in the comprehensive report. Saudi Arabian Bridge Construction Market Dublin, May 13, 2025 (GLOBE NEWSWIRE) -- The "Saudi Arabia Bridge Construction Market, By Region, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Saudi Arabia Bridge Construction Market, valued at USD 21.8 billion in 2024, is projected to reach USD 30.16 billion by 2030, growing at a CAGR of 5.40%. This growth is attributed to the Kingdom's massive infrastructure projects aligned with the Vision 2030 initiative, which aims to transform the nation's transportation and connectivity networks. A significant increase in the demand for bridges, especially across road, rail, and pedestrian pathways, underscores this expansion. Government investments in major projects like the Riyadh Metro and Jeddah Islamic Port are boosting demand for bridge construction. Additionally, urbanization and population growth-expected to exceed 40 million by 2030-drive new infrastructure to support burgeoning urban areas. Cities like Riyadh, Jeddah, and Dammam are witnessing a pressing need for modern transport solutions to alleviate traffic congestion and enhance connectivity. Technological innovations in bridge design and the adoption of advanced construction technologies, such as smart bridges with monitoring systems, are key trends in this sector. These innovations ensure sustainability and efficiency in bridge operations. Furthermore, the increasing role of public-private partnerships (PPPs) is streamlining project financing and accelerating the pace of construction, presenting opportunities for both local and international industry players. Key Market Drivers Urbanization and population growth are primary drivers, propelling the need for new infrastructure in rapidly expanding urban and peripheral areas. As cities expand, bridges play a critical role in enhancing mobility and reducing travel times, creating opportunities for bridge construction along with the need for upgrades to existing structures to handle increased traffic loads. Key Market Challenges The harsh environmental and climatic conditions are substantial challenges. Extreme temperatures and the presence of salt in the air, particularly in coastal regions, can contribute to the wear and tear of bridge materials. Sandstorms add further risks, potentially affecting construction timelines. These factors necessitate the use of advanced materials and construction techniques, which increase costs and complexity. Key Market Trends The adoption of advanced technologies like Building Information Modeling (BIM) and Geographic Information Systems (GIS) for bridge construction is gaining momentum. These tools enhance project accuracy and efficiency through precise modeling and simulation. There is a growing use of automation, robotics, and 3D printing, expediting construction processes and offering sustainable solutions. The introduction of smart technologies such as sensors for real-time structural monitoring is also becoming prevalent, promoting long-term sustainability and reduced maintenance costs. Key Attributes: Report Attribute Details No. of Pages 81 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $21.8 Billion Forecasted Market Value (USD) by 2030 $30.16 Billion Compound Annual Growth Rate 5.4% Regions Covered Saudi Arabia Key Topics Covered: 1. Product Overview1.1. Market Definition1.2. Scope of the Market 2. Research Methodology2.1. Objective of the Study2.2. Baseline Methodology 3. Executive Summary3.1. Overview of the Market 4. Voice of Customer 5. Saudi Arabia Bridge Construction Market Overview 6. Saudi Arabia Bridge Construction Market Outlook6.1. Market Size & Forecast6.2. Market Share & Forecast6.3. By Company (2024)6.4. Market Map 7. Riyadh Bridge Construction Market Outlook7.1. Market Size & Forecast7.2. Market Share & Forecast 8. Makkah Bridge Construction Market Outlook8.1. Market Size & Forecast8.2. Market Share & Forecast 9. Madinah Bridge Construction Market Outlook9.1. Market Size & Forecast9.2. Market Share & Forecast 10. Jeddah Bridge Construction Market Outlook10.1. Market Size & Forecast10.2. Market Share & Forecast 11. Tabuk Bridge Construction Market Outlook11.1. Market Size & Forecast11.2. Market Share & Forecast 12. Eastern Province Bridge Construction Market Outlook12.1. Market Size & Forecast12.2. Market Share & Forecast 13. Rest of Saudi Arabia Bridge Construction Market Outlook13.1. Market Size & Forecast13.2. Market Share & Forecast 14. Market Dynamics14.1. Drivers14.2. Challenges 15. Market Trends and Developments15.1. Merger & Acquisition (If Any)15.2. Product Launches (If Any)15.3. Recent Developments 16. Company Profiles Bechtel Corporation Skanska AB Vinci S.A. STRABAG SE Ferrovial, S.A. Larsen & Toubro Ltd. Salini Impregilo S.p.A. Hochtief AG For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Saudi Arabian Bridge Construction Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
