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Survey tracks leading drains on construction productivity

Sources: FMI Corp., Raleigh, N.C.; PlanGrid, San Francisco; CP staff

A survey of nearly 600 construction professionals finds that time spent on non-optimal activities—fixing mistakes, scouting data and managing conflict resolution—accounts for $177.5 billion in labor costs per year, while rework stemming from miscommunication and inaccurate or inaccessible information will cost the U.S. industry $30 billion-plus in 2018.

Read more: Survey tracks leading drains on construction productivity

Cemex sets 30-month timetable for $1.5-2B in asset sales

Sources: Cemex S.A.B. de C.V., Monterrey, Mexico

In an upbeat second quarter earnings report, Cemex assures investors that asset prioritizing and debt reduction are top of mind. “With the objective of accelerating our path to investment grade and enhancing total shareholder return, we are announcing ‘A Stronger Cemex,’” says Chief Executive Fernando Gonzalez. “During the next 2.5 years, we will work to optimize our portfolio by focusing on markets with the greatest long-term growth potential and selling between $1.5 billion and $2 billion of assets.

Read more: Cemex sets 30-month timetable for $1.5-2B in asset sales

Infrastructure study findings bode well for precast methods

Sources: Freedonia Group, Cleveland; CP staff

Demand for precast concrete in infrastructure contracts is projected to increase 4.4 percent annually, to $2.4 billion by 2022, with growth fueled by the need to repair the nation’s aging network of bridges, highways, roads and railroad tracks; increased adoption of the method over traditional cast-in-place alternatives; and, efforts by the federal government to increase surface transportation investment. 

Read more: Infrastructure study findings bode well for precast methods

Paver sales growth stays course toward pre-recession watermark

Sources: Interlocking Concrete Pavement Institute, Chantilly, Va.; CP staff

Segmental concrete pavement product sales in the United States and Canada increased for a seventh consecutive year, hitting an estimated 750 million square feet, or 2.5 percent higher than 2016, according to the Interlocking Concrete Pavement Institute 2018 Industry Sales Profile. 

Read more: Paver sales growth stays course toward pre-recession watermark

Cemex investment unit takes stake in IoT-driven Concrete Sensors

Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff

Cemex Ventures’ first “smart concrete technology” investment is a developer of wireless sensors conveying accurate, project schedule-accelerating data. The sensor and transmitter technology of Cambridge, Mass.-based Concrete Sensors enables contractors and engineers to monitor hardening slabs’ and structures’ temperature, relative humidity and strength. 

Read more: Cemex investment unit takes stake in IoT-driven Concrete Sensors