May 4, 2021

IN THIS ISSUE:

  • Upcoming TCA Events
  • Membership Benefit - Education and Professional Development
  • Industry News
  • TCA Updates / Members' Day
  • TCIC Upcoming Courses
May is TCA Safety Month!

Help Us Raise Awareness on the importance of safety and share your best practices with us during the month of May and your company could be profiled!

Contact: Vishawn Thompson via email: vthompson@tcaconnect.com.
INDUSTRY NEWS
Construction Record tackles CCDC 2020, new insurance requirements

The Construction Record presents the first edition of a three-part podcast series covering surety, insurance and contract issues in the construction sector.

Daily Commercial News and Journal of Commerce digital media editor Warren Frey chats with Krista Chaytor, partner at WeirFoulds; Jamie Collum, VP of construction practice at FCA Insurance; and Malik Zulqernain, founder of SmartBuild Construction Solutions.

Click here, to read the full news article. 
Canada is a laggard on construction permitting. An Ontario initiative aims to change that

Over the past year, curbside pickup has proven to be one of the keys to keeping the economy moving, and some building departments have adopted it for drawings and other approval documents. While helpful, the practice is a reminder of how far behind Canada is in digitizing its permitting processes. According to a World Bank survey, Canada ranks 64th out of 190 nations in ease of obtaining construction permits, reflecting a lack of e-permitting sophistication. 

Click here, to read the full Press Release.
Industry Perspectives Op-Ed: Mental health in the construction industry — the silent crisis 

When most people mention the word “construction,” the images that often come to mind are of strong, resilient, blue collared men and women, braving the elements to build houses, highrises and critical infrastructure projects.

In a highly competitive industry that is focused on getting the job done quickly, and “toughing it out,” it is easy to see how the mental health of workers can be put on the backburner. Mental health has been largely overlooked by the construction industry for far too long.

Click here, to read the full news article.   
City of Toronto issues first 2021 debenture to help fund key capital projects

The City of Toronto has issued a new debenture for $350 million to help finance key capital projects – the first issuance this year, with a low all-in cost of 2.958 per cent.

This conventional bond issue, with a 30-year maturity and a coupon interest rate of 2.90 per cent, will mature on April 29, 2051. It was issued April 14 and will settle on April 29, 2021. “Right now, investors are looking for stable investment opportunities, and the city is happy to deliver sustainable and financially responsible outcomes,” said Mayor John Tory.


Click here, to read the full news article. 
Prequalified teams chosen for West Lincoln Memorial Hospital redevelopment

Infrastructure Ontario (IO) and Hamilton Health Sciences have prequalified three teams to design, build and finance the West Lincoln Memorial Hospital redevelopment project in Grimsby, Ont.

Amico Sacyr Alliance, EllisDon Infrastructure Healthcare and Pomerleau Healthcare Partners are among those shortlisted.

The project will involve the construction of a new, larger hospital on the property behind the existing facility to serve the West Niagara community.


Click here, to read the full news article. 
Researchers say cool white paint could combat urban heat

A quest going back decades to find the ultimate cool white has led to the creation of a paint that researchers say reflects up to 98.1 percent of sunlight and sends infrared heat away from a surface, making it cooler than the surrounding air.

Covering buildings with the new paint, which is headed to the commercial market in the next two years, could reduce the need for air conditioning, decrease the use of fossil fuels and help combat the problem of urban heat islands, an increasing health concern as temperatures rise, according to researchers at Purdue University.

Click here, to read the full news article.
Bird firms up $172M contract to build new 53-storey residential tower in Toronto 

Crews overseen by Bird Construction Inc. will start work next month on a new residential project at the northeast edge of downtown Toronto.

Bird said April 26 it has negotiated an approximately $172 million fixed-price contract to build the 53-storey project, known as the Burke, on Sherbourne Street, just south of Bloor Street.

Click here, to read the full news article.  
Graham picked to build new $475M Ryerson campus building in Toronto

An upcoming project to convert a parking lot on the east end of downtown Toronto into a 44-storey Ryerson University campus building will fall to Graham Construction.

The Calgary-headquartered builder said April 21 it has been chosen as the contractor for the planned tower at 202 Jarvis St., which is expected to cost $475 million.

Click here, to read the full news article. 
Important TCA Updates
TCA's 26th Annual Members' Day Kicks Off Tomorrow! 

Our annual members' day event is going virtual this year and is being held on May 5th and 6th. We cannot wait to host you all!
Members Day offers an exclusive opportunity to showcase your product (s) / service (s) and a chance to reconnect and build new relationships with industry professionals on an interactive virtual platform.

The two-day virtual event will kick off on Wednesday, May 5, 2021, with our Industry Forum Panel of experts sharing their insights on the topic of: Managing the COVID-19 Related Claims Process.
TCIC Upcoming Courses
May 5 & 6 | Wednesday & Thursday | 8:30 AM – 12:00 PM

May 10 | Monday | 1:00 PM to 4:00 PM

May 12 | Wednesday | 1:00 PM – 4:00 PM

May 13, 20, 27 & Jun 3 | Wednesdays | 6:30 PM – 9:30 PM

For more details, please click here, or contact: 
Faith Chen, Senior Manager, TCIC/Professional Development