Commercial construction projects take on all shapes. Whether you are building or renovating an office, warehouse, or retail space, you want to make sure that your needs are met and your resources are maximized. When it comes to value engineering in construction, the goal is more about the best use of resources as opposed to finding shortcuts or the cheapest materials. What is Value Engineering? Value engineering in construction is a method the project team uses to improve your project’s…
Who doesn’t like a good deal? No one, right? A good deal means a good value, a favorable opportunity, a positive situation, a pleasing outcome. You’ve got all of those in Charleston, SC. A wonderfully livable city and plenty of good jobs in Charleston make this a very desirable area in 2020. Charleston is a Good Deal For the past five years, SmartAsset, a financial technology company, has published a study about “undervalued cities,” meaning that real estate property values…
A recent survey found nearly 67 percent of contractors in the engineering and construction industries believe there will be more change in the next 5 years than the past 50. The Associated General Contractors of America Management, along with the consulting and banking firm FMI Corp, conducted a survey on “Managing Risk in the Digital Age,”. It focused on how contractors view risk and their perceptions of how their industries would change in the future. Associated General Contractors of America…
Mount Pleasant residents were shocked when developers broke ground to build a new 269-unit apartment building off of Rifle Range Road. The town’s residents had been packing Town Council meetings for two years to raise concerns about overdevelopment in Mount Pleasant. Many felt they were being ignored. Little did they know that the development had been approved eight years ago as part of the Vested Rights Act. The State legislature passed the act to allow developments approved before the recession…
On average, Charleston has over 200 sunny days each year. There is great potential to store and harness solar energy as the primary source of power in new building design. In fact, several building projects are underway to make individual buildings “net zero” in South Carolina. The design of these buildings allows them to produce as much energy as they take in each year. Building with Solar Energy Systems in South Carolina One design approach used in South Carolina to…
U.S. construction spending rose to its highest level in 10 years, raising economic growth for the final quarter of 2016, according to the Commerce Department (census.gov/construction). Construction spending rose by 0.9 percent to $1.8 trillion, boosted by gains in both the public and private sector investments. Overall construction spending was up by 4.1 percent from the previous year. Construction spending in October 2016 was also strong with an increase of 0.6 percent, which prompted economists to raise their gross domestic…
Construction projects in Charleston, Myrtle Beach and Hilton Head Island continue to spur South Carolina’s economic growth. The boost in construction has led to an increase in jobs and demand for housing. This will continue into 2017, according to economists who spoke at the 36th Annual Outlook Conference held at the University of South Carolina (USC). Economic Growth in South Carolina Doug Woodward, professor of economics and director of the division of research at USC’s Darla Moore School of Business,…
The Charleston area is experiencing a construction boom across the tri-county area, with construction cranes and bulldozers being seen all over the Lowcountry. New commercial, industrial, and residential buildings are being built in downtown Charleston, across the river in Mount Pleasant, and up the Interstate 26 corridor from North Charleston past the Summerville area. The growth in building construction has led to a huge increase in workload for city planners. Municipal planning offices across the Lowcountry are reporting historically high…
The latest U.S. Census Data show that as the overall U. S. population grows, growth in suburban counties have held steady, while in urban counties have slowed down. An analysis of U.S. Census data by Jed Kolko, an economist at University of California’s Terner Center for Housing Innovation, shows that the population growth in higher density suburban counties outpaced urban counties since 2012. Of the top cities with populations over 250,000, including Austin, and Fort Worth, Texas and Charlotte, North…
Charleston’s Post and Courier reports that economists from The University of South Carolina are claiming that the Palmetto State is officially out of the economic recession. USC economists Doug Woodward and Joseph Von Nessen told The Post and Courier that the SC economy has largely benefitted from its emphasis on manufacturing. They point out that manufacturing has been a strong suit for South Carolina over many decades but that another industry stepped up in 2015 to bring the state out of the recession. Construction…
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