Following sharp downturn, contech funding stabilizes
Brad Rehnstrom2025-01-27T15:42:00+00:00The category benefited from a brewing AI arms race that has contractors moving quickly to adopt the technology.
The category benefited from a brewing AI arms race that has contractors moving quickly to adopt the technology.
Though the decision only applies to specific bid protests, it opens the door for other challenges and hobbles the government’s ability to issue more project labor agreements, a construction attorney said.
The new structure will house a 40,000-square-foot innovation lab in partnership with Virginia Tech, and feature facets of sustainable design throughout.
Billion-dollar projects including a hospital replacement in Houston and a Hard Rock Hotel in Las Vegas kicked off even as overall construction activity cooled to close the year.
More and more businesses are bringing their operations online, and the construction industry is working to keep pace with the business world’s digital transformation.