Construction outsourcing can help companies cut costs by as much as 20 percent, says Harvey Bernstein, vice president at McGraw-Hill Construction ( MHFI ) and co-author of a 2011 report on the industry. If youre building things in a manufacturing environment off-site, you might not have to get a licensed carpenter or electrician, he says. You can bring in lower-skilled people and set them up in an assembly-line situation where theyre doing something over and over again. For intricate work such as welding, craftsmen are far more productive working at a bench in a warehouse than perched atop a ladder. The formula can work inside the high-priced U.S. as well, where savings can be achieved by using the assembly-line approach, with the help of some skilled labor. American construction company Cianbro built 22 electrical modules, some three stories tall, that will operate a new nickel-processing plant in Newfoundland being built by mining company Vale.
Metrospaces, Inc. Obtains Construction Permits For Luxury Condominium Project and Begins Construction
manufacturing sector grew last month at its fastest pace in more than two years, bolstering expectations for faster overall U.S. growth in the second half of the year, an industry report showed on Tuesday. A separate reading showed that U.S. construction spending rose in July. The Institute for Supply Management (ISM) said its index of national factory activity rose to 55.7 in August from 55.4 the prior month, comfortably beating expectations for 54. It was the highest reading since June 2011. July construction spending up 0.6% CNBC’s Rick Santelli and Steve Liesman break down economic data including construction spending and August’s ISM data, which stands at 55.7, the highest level since June 2011.
Manufacturing sector, construction spending grow
La Tour 320 is approximately 30 days into construction and has already finalized excavation and is now beginning the piling stage. This 9-unit elite residential condo project is the companys first luxury undertaking in Caracas. Metrospaces is the developer of the project. Oscar Brito, President of Metrospaces, Inc. commented, “We are very excited and we expect this project to generate close to $4 million in sales and EBITDA of over 35%. We are seeing a very liquid market for these types of high-end luxury projects in Venezuela and are very confident these units will sell very quickly at the premium end of the market.” Mr.
Warehouse construction booming in southern Dallas County
Developer Prologis Lancaster industrial park is one of the busiest building sites in North Texas. Construction is underway on two massive warehouse and distribution buildings in the business campus on Danieldale Road just south of Interstate 20. And the developer has just begun site work for two more buildings in Get Subscriber Content access to read this story To read the full story, you need Subscriber Content access. Subscribe to The Dallas Morning News, Briefing, Al Dia or The Denton Record-Chronicle and enjoy Subscriber Content on dallasnews.com and our tablet and smartphone applications.