Newswire

Eleventh Circuit Reverses Attorneys’ Fee Award to Performance Bond Sureties in Dispute with Contractor Arising From Claim Against Subcontractor Performance Bond

SkyRise Miami, the contentious 1,000-foot entertainment and observation tower planned for downtown Miami, is finally set to start construction next year. When completed, it could become the tallest building in Florida, though other South Florida projects that are not yet built are planned to be slightly taller.

FMI’s Construction Outlook offers comprehensive construction forecasts for a broad range of market segments and geographies across North America, as well as information on key market drivers.

This presentation will include a brief overview of the project budget development process, and will then dive into the specifics of five common issues that arise from poor management of the process. We will discuss how better contracting and estimating techniques can help contractors avoid these issues, and how improvements in technology can help reduce these risks to an acceptable level.

Investors are advancing a plan to build a boutique hotel on a vacant lot on the Miami River, with an adjacent food plaza offering dining options. On Monday, the Miami River Commission unanimously recommended city approval.

Voters in the city of Miami approved two major mixed-use projects in Tuesday’s midterm elections, paving the way for a Major League Soccer Stadium from David Beckham and his partners and a separate riverfront project from the Adler Group.

“We congratulate all the winners from tonight’s election and look forward to having the opportunity to educate newly elected members about the construction industry’s many contributions to our broader economic prosperity.

Construction spending hit a seasonally adjusted annual rate of $1.329 trillion and grew 5.5 percent for nine months of 2018 combined, with continued year-to-date gains for major public and private categories, according to an analysis of new government data by the Associated General Contractors of America.

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