US President Joe Biden’s bipartisan Infrastructure Investment and Jobs Act (IIJA) will save the average American household nearly $700 a year in the coming two decades, but that gain will…

New York City is trying to break free from state rules requiring the use of lowest-bidder contracting, rallying at City Hall last week under the slogan “Let NYC Build Better,…

Spain’s Ferrovial launched on New York’s Nasdaq stock exchange yesterday, meaning its shares are now trading in the US, Spain and the Netherlands under the ticker symbol “FER”. It called…

Academics at Michigan University argue that China’s property-sector woes may have causes beyond the overambition of developers and the government’s actions to limit the ballooning debt in the sector. Led…

Police in Florida have arrested 16 men in a sting operation designed to detect contractors trading illegally. The sting was carried out in Manatee County over three days in April.…

London has once again become the world’s most expensive city to build in, after briefly losing the dubious honour to Geneva last year. The ranking of the world’s 10 most…

Building permits for apartments in Germany fell by 18% in February compared with February 2023, official statistics reveal. The Federal Statistical Office said the figure was 35% less than in…

Dubai-based Samana Developers today said it will award 18 construction contracts as it spends $3.4bn on new residential projects in its home city this year. The company will prioritise waterfront…

The largest landlord in Germany reported a loss of €6.8bn last week after writing down the value of its property portfolio. Shares in Vonovia fell more than 7% in the…

Two South Carolina men have pleaded guilty in federal court to charges of executing a fraud scheme against the US. They face maximum sentences of 10 years in prison and…

Thailand’s biggest contractor is talking to banks about loans as it faces a liquidity crunch, Bangkok Post reports. The Italian-Thai Development company (ITD), founded in 1958, said the talks followed…

Construction activity in Argentina fell 22% in January compared with the same month in 2023, and declined 10% in the month from December, says a report from Indec, the official…

The chairman of South Korean residential developer Booyoung Group is offering employees a bonus of $75,000 if they have children, The Chosun Daily reports. 84-year-old Lee Joong-keun began the scheme…

Total construction spending in the US hit $2.1 trillion in January, nearly 12% (11.7%) higher than the figure for January 2023, the Associated General Contractors of America (AGC) said Friday.…

Six people have been accused of running a construction safety training school in the US that issued certificates to some 20,000 students who did not undertake the 40 hours of…

Four executives in Oklahoma have pleaded guilty to rigging bids and fixing prices on more than $100m worth of public transportation infrastructure contracts in the state. Stanley Mark Smith, a…

The Department of Labour has helped 139 employees of a Guam-based contractor to recover $547,378 in back wages and liquidated damages. Ian Construction owed the workers $295,420 in back wages…

Construction machinery maker Doosan Bobcat donated €800,00 last year to help small businesses in Turkey get going again after violent earthquakes struck in February. They destroyed or damaged some 240,000…