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ConstructionEquipmentGuide.com
The Murphy Administration announced that the New Jersey Transportation Infrastructure Bank is now offering low interest loans to municipalities and counties to reduce the overall cost of local transportation projects. New Jersey's first transportation loan program, the Transportation Infrastructure Bank (NJTIB) is a partnership between the New Jersey Department of Transportation (NJDOT) and the New Jersey Infrastructure Bank. The NJTIB provides low interest loans for municipal and county transportation projects.
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NJSME
Entries are now being accepted for the New Jersey Society of Municipal Engineers 2018 Municipal Project of the Year Awards Program. The intent of this program is to give recognition to municipal engineers and engineering consultants to municipalities who have contributed to the public health, safety and welfare by way of designing projects or implementing programs which are of an outstanding nature.
In order for an entry to be eligible, the project must have been located in the State of New Jersey, and the engineer who name appears on the entry must:
- have been the officially appointed municipal engineer for the city, township, or borough in which the entry is located
- have been the municipal engineer or consulting engineer to the municipality in responsible charge of the project/program
- have submitted with entry a resolution from the governing body or a written endorsement from the named municipal administrator for which the work has been completed, naming the engineer in responsible charge of the project or program and consenting to the submission of an award application. (Only applies to consulting engineers who are not the named municipal engineer.)
- have signed and sealed the plans and specifications (if there are any) for all entry categories except Category F (Municipal Construction Management Projects) and Category G (Municipal Projects Involving Intergovernmental Cooperation)
Click here for more information on the program. Please send completed entries by 5 p.m. ET, Friday, Sept. 7, to Lori Lee. All other inquiries can be directed to either Todd M. Hay or Tim Kernan.
NJSME
Mark your calendars! NJSME will continue offering continuing education credits for PEs at our general membership meetings in 2018. The next meeting is scheduled for Wednesday, Sept. 12.
We pride ourselves on offering low cost options and relevant topics for our membership. If you would like to recommend a topic or speaker for one of these meetings, please email Vice President Tim Staszewski with your suggestions. Further, to help subsidize our meeting costs, we rely on meeting sponsors who can participate in our meeting with a tabletop display and brief remarks for a relatively small contribution. Any potential sponsors should also be directed to Tim via the email above, or they can call NJSME at 609-393-0102.
The Associated Press via The Washington Post
New Jersey transit officials said Tuesday they hope to earn a two-year extension of a federally mandated deadline for installing an emergency braking system on their rail lines. With an initial deadline six months away, New Jersey Transit basically made a public admission of what many had assumed for months: It will be unable to fully install the system, known as positive train control, by Dec. 31.
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New Jersey Herald
After two years of meetings, phone calls, debate and negotiation, the Township Committee signed a resolution on Monday that should push the Lackawanna Cut-Off railroad project over its final hurdle. The resolution, passed unanimously, authorizes an agreement among the township, the county and the state and IAT Reinsurance LTD — owner of the property commonly known as Hudson Farm — for an easement and access rights that will allow New Jersey Transit to address problems with an existing culvert.
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Woodbridge Patch
If you see construction all summer long at Woodbridge Middle School and Ross Street Elementary School #11, it's because of major renovations underway at both schools. Construction actually started earlier this month at Ross Street school, which will one day be entirely torn down and replaced with a new building. The Woodbridge school district already started building the new Ross Street school, which will be located on an existing parking lot, playground and several vacant lots near the current school.
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Construction Dive
Turner Construction's Second Quarter 2018 Turner Building Cost Index reflects a 5.63 percent increase in construction costs since the second quarter of 2017 and a quarter-over-quarter increase of 1.68 percent. The index, which, as of the second quarter, sits at a value of 1089, measures non-residential U.S. construction costs and, according to Turner, has been rising steadily since at least 2014 in the wake of increased building activity. More expensive raw materials and the labor shortage are both contributors to higher costs.
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Construction Executive
Skills shortages have been a major force behind cost escalation in U.S. construction. Acute demand means that New York construction workers command an average cost of labor of $98.30 per hour — the second highest in the world behind Zurich, Switzerland. What receives considerably less airtime than labor issues are the steps that the industry must take to mitigate the impact of shortages and the part it can play in attracting new talent to the industry.
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Construction Today
Leaders are responsible for making sure the whole construction team has the confidence they need to do their job to the best of their ability. It is easy to underestimate how important autonomy is to retention and overall job satisfaction. If employees do not feel like they have the ability to set their own path, they frequently look for another job that gives them more freedom. By emphasizing job autonomy, leaders can build trust, improve innovation, eliminate confusion and increase job satisfaction.
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Bankless Times
Many of those who run their own construction businesses start off with sizeable debts which can eat away at their profit margins. As loan repayments and equipment financing gather interest they can place a greater and greater restriction on cash flow. In this climate, construction firms need to bolster their profit margins without compromising on the quality of the services they offer. Here's how they go about it.
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