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Inflation risk in the construction materials market: It ain’t over yet!
There is no doubt that the pandemic has done a number on the supply chain in the construction industry. Last year was filled with dramatic price increases that hit many of the materials used in building projects of all sizes and scopes. The bad news is that the uncertainty is not over just yet, but there are steps you can take to help navigate this uncertain future.
Most prognosticators felt the upward movement on pricing would be temporary as the economy repaired the disconnections within the supply chain that were created or strained by COVID-19.
Click here, to read the full news article.
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Ontario contractors bullish on growth in 2022, survey reveals
Ontario contractors are significantly more confident in the future of the construction economy this year compared with last year, according to a newly released survey from the Ontario Construction Secretariat (OCS).
The percentage of contractors saying their business is growing almost tripled from last year. Forty-three per cent of contractors expect to hire more workers this year than last and 52 per cent expect higher revenues this year.
Click here, to read the full news article.
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Tower construction at Gordie Howe International Bridge entering next stage
The Gordie Howe International Bridge project team is entering an exciting stage in the construction of the bridge towers in Windsor and Detroit. Now that the tower legs, also known as the lower pylon, have reached their full height of 140 metres/460 feet, Bridging North America will begin work on the final portion of the tower – the pylon head. The towers’ modern and elegant form will take shape as this final 80 metres/262 feet is completed over the remainder of 2022.
The process to transition from the lower pylon to the pylon head, anticipated to be completed in the spring, involves modifications to the jump form systems and concrete pours to construct the upper cross beam that will merge the tower legs into a single structure.
Click here, to read the full news article.
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Toronto mandates pre-application consultations for development projects
The City of Toronto is formalizing its pre-application consultation process for certain applications under the Planning Act, making pre-application consultation mandatory for all official plan amendment (OPA), zoning bylaw amendment (ZBA), site plan approval (SPA), and plan of subdivision (Subdivision) applications. The city-wide requirements will come into effect on Nov. 1, 2022.
At its Feb. 2 and 3, 2022 meeting, City Council adopted Official Plan Amendment 550 (OPA 550) and an amendment to Chapter 415 of the Toronto Municipal Code (Code Amendment) to establish the legislative and policy basis to require mandatory pre-application consultation for certain development applications under the Planning Act.
Click here, to read the full news article.
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WSP Global quitting projects in Russia, reports Q4 profit and revenue up
WSP Global Inc. says it is quitting its projects in Russia and will no longer be pursuing work in the country or in Belarus following the invasion of Ukraine and the economic sanctions that have been imposed.
The Montreal-based company says its economic exposure under these assignments is not material and is expected to be under $1 million.
The decision came as WSP says its profit attributable to shareholders totalled $136.7 million or $1.08 per share for the quarter ended Dec. 31 compared with a profit of $68.9 million or 61 cents per share a year earlier.
Click here, to read the full news article.
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OGCA and LoC mark Women in Construction Week with video interviews
To highlight the work of women in the ICI construction sector, the Ontario General Contractors Association (OGCA) and League of Champions (LoC) have released a video of interviews with women in the field and the office as part of Women in Construction week.
Women account for approximately 12 per cent of Ontario’s construction industry workforce, including off‐site business administration, management and sales. Women in Construction Week is a time that brings to the fore the opportunities that are available to women in construction.
Click here, to read the full news article.
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CCA budget submission: Infrastructure spending needs to close ‘serious gaps’
The federal government should increase its investment in infrastructure and proposals like the Western Canada Gateway Initiative and work with the construction industry to build the workforce of the future.
Those are some of the recommendations laid out in a pre-budget submission made recently to Finance Minister and Deputy Prime Minister Chrystia Freeland by the Canadian Construction Association (CCA).
The submission states the government’s commitment to building a more resilient economy, including investments in public infrastructure and action to address the impacts of climate change, are indeed essential priorities, but infrastructure is critical to the competitiveness and quality of life of Canadians.
Click here, to read the full news article.
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Canada’s Largest Net-Zero Energy Institutional Building Produces More Electricity Than It Uses
Mohawk College’s Joyce Centre for Partnership & Innovation in Hamilton, Ontario, is Canada’s largest net-zero energy institutional facility and the first in the country to be awarded Zero Carbon Building – Design and Performance certification from the Canada Green Building Council, positioning it as a hub for carbon-neutral technologies and operations. A joint venture by mcCallumSather and B+H Architects, the L-shaped $54 million, 96,000-sqft edifice comprising lecture halls, classrooms, laboratories, a library, student collaboration rooms and the offices of the Centre for Climate Change Management at Mohawk contributes to the World Green Building Council’s “Advancing Net Zero” initiative that aims to ensure that all buildings are net-zero carbon by 2050 and all new buildings are net-zero carbon by 2030.
Click here, to read the full news article.
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TCA Member Spotlight
Get your company in in front of like-minded industry colleagues and grow your network and business opportunities! Click here, to learn more and to complete the application form.
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Advertise in Our Weekly Bulletin
Advertise your products and service in TCA's Weekly E-Connect bulletin. This email blast is sent to the members on Tuesday morning of each week. Please visit our website, or contact Vishawn Thompson for details.
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TCA’s 2022 SEMINAR SERIES: New Ontario Construction Act - A closer look at how the Construction Industry has been impacted
Register for FREE now
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When: March 17, 2022 | 11:00 AM EST
Location: Zoom
FOCUS OF THIS SEMINAR:
In this essential session, three senior construction lawyers will explore everything you need to know about the latest developments with the Construction Act. You will learn about key deadlines and procedures, how to pursue and defend against lien claims and how the industry has been impacted by the new prompt payment rules and adjudication process. The panel will also highlight critical aspects of the Construction Act that are too often overlooked.
You don’t want to miss this seminar!
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Sandra Astolfo,
Partner at WeirFoulds
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Glenn W. Ackerley,
Partner at WeirFoulds
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Howard Krupat,
Partner, DLA Piper (Canada) LLP
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Exclusive Discount for TCA Members on publishing Certificates of Substantial Performance (CSPs) in the Daily Commercial News (DCN)! |
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All certificates and notices published in the Daily Commercial News (DCN) are a flat fee of $300 (plus tax). Special Affinity Pricing of $200 per certificate is available to all ConstructConnect subscribers and TCA members.
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Click on the image for more details.
**IMPORTANT: To apply the discount, please mention the offer at the time of order placement.**
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Mar. 15 & 22 | Tuesday | 1:00 PM – 4:00 PM EST
Mar. 16 & 17 | Wednesday & Thursday | 12:00 PM – 3:30 PM EST
Mar. 22, 29 & Apr. 5 | Tuesday | 6:30 PM – 9:30 PM EST
Mar. 23 & 30 | Wednesday | 1:00 PM – 4:00 PM EST
Mar. 24 & 25 | Thursday & Friday | 1:00 PM – 5:00 PM EST
Mar. 25 & Apr 1 | Friday | 1:00 PM – 4:00 PM EST
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Faith Chen, Senior Manager, TCIC/Professional Development
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