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Peak Funding May Have Hit Construction Tech Startups Last year, funding in construction tech startups broke records. And that year may stand alone. Funding in US-based construction tech startups totals just $192.5 million across 40 deals halfway through 2019. Of course, there are caveats: reported data often undercounts seed and early stage rounds. Furthermore, it takes just a couple of big rounds (like Katerra’s $865 million Series D last year) to skew those numbers pretty significantly. Still, $192.5 million across 40 deals is still significantly lower than the $1.274 billion raised by US-based construction startups in the first half of...

Construction for Massive Development Starting Soon in Burlington   The construction of a massive building in Burlington is starting very soon. According to the city’s website, Burlington has approved a 22-storey mixed-use building that will be located at 490-492 Brock Ave. and 1298 Ontario St.  The development, which was proposed by The Molinaro Group, will consist of, according to the project coordinator, Kristen Baugaard, 22-storeys (including a one-storey rooftop amenity area), 160 residential units, 186 square metres of ground-floor retail commercial space, and four levels of underground parking. Vehicle access will be from Ontario Street. So, when will construction for this development commence? As noted on...

Brexit: Construction industry group says ‘no evidence’ Border tech solutions will work According to MPANI the construction materials sector in the North, would suffer immediate disruption to cross-Border trade in a no-deal Brexit scenario. A group, led by Conservative MPs, who want to replace the backstop which prevents the introduction of a hard border post-Brexit, have produced “no evidence” that technological advances can deliver “seamless borders”, according to a leading Northern Ireland industry body. The Mineral Products Association Northern Ireland (MPANI) has warned that a no-deal Brexit would be “catastrophic”. The industry body, which represents firms that directly employ more...

Average construction start value down 70% from peak Vancouver Island has highest average construction start value, Metro has highest total B.C.'s average construction start value for projects over $50 million fell 30.7% to $197 million in 2018 from $284.9 million in 2014, according to data on Business in Vancouver’s list of the biggest B.C. construction starts in 2018 (page 15). However, the five-year analysis understates the volatility of the province’s high-value construction starts. In 2015, average construction start values spiked to $668 million, more than doubling the average value in 2014. The province has been unable to match the 2015...

Pentagon awards first military-funded contracts for border fence in New Mexico and Arizona Construction of a new $73.3 million border wall along the U.S.-Mexico border in Santa Teresa, N.M., began Monday after an official groundbreaking of what officials called the “president’s border wall.” RUBEN R. RAMIREZ/EL PASO TIMES The U.S. Army Corps of Engineers has awarded the first two contracts that will use military funds to pay for the construction of additional fencing along the U.S.-Mexico border as part of President Donald Trump's emergency declaration. The two contracts awarded Tuesday are worth an estimated $976 million and cover three separate projects...