Modular builder CEO: ‘Katerra’s failure was spectacular’

Kennith Bogan

As availability of building elements and their expenditures remain unstable, Philadelphia-based mostly modular builder Volumetric Setting up Firms created a go to the West Coastline to assure its buyers there carry on to be served.

The business procured Katerra’s belongings in Tracy, California, together with its point out-of-the-art manufacturing facility (revealed earlier mentioned), for $21.25 million in August. VBC will use the facility to manufacture home windows, cabinetry, counter tops, trusses and panelized constructing factors.

Katerra submitted for bankruptcy in June because of to delayed projects, building charges, pandemic-related impacts and an lack of ability to convince developers and contractors to move away from their regular subcontractors.

Right here, Construction Dive talks with VBC CEO Vaughan Buckley to discuss why the firm obtained Katerra’s assets, how the corporation is positioning itself to mitigate offer chain issues and in which he sees the modular sector heading.

The pursuing has been

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Report: $61B lost per year due to waste, inefficiency in 811 utility system

Kennith Bogan

Dive Transient:

  • Failures and inefficiencies in the country’s 811 “call prior to you dig” process are costing utility individuals $61 billion for every yr and raising risks to public safety, in accordance to a report introduced previous week from the Infrastructure Protection Coalition (IPC). 
  • The “811 Crisis report discovered that expenses have been accrued most typically when identify marks ended up wrecked, foremost to wasted time and added work, and when utilities and 3rd-celebration locators acquired poor instruction or were being sent to do perform for jobs that failed to take place.
  • Arkansas, Florida, Georgia, Michigan, Missouri, Wisconsin, and the District of Columbia accounted for far more than 20% of the nationwide squander, for a mixed $13 billion. That waste is eventually owing to 811 insurance policies that deficiency teeth, and in some conditions, do not mandate reporting of harm to utility strains, in accordance to the review.
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The Pain of Panes: New Windows in Short Supply

Kennith Bogan

Two-thirds of builders cited a glass lack for windows, shower doors, and so on. The source difficulty? A lot of it is produced in China, Mexico and India.

ORLANDO, Fla. – Glass joined the listing of building resources in shorter source. A assortment of industries, including shower door makers and window installers, report glass shortages.

Almost two-thirds of residence builders cited windows as their largest content shortage, in accordance to a the latest survey from John Burns Genuine Estate Consulting. Rounding out the best 4 in added shortages are lumber, engineered wooden merchandise and concrete.

Window delays could vary from 4 to 15 months, while some are stretching up to 45 months.

Why glass? An intercontinental logistics backlog led to shortages of glass and other materials, authorities say. Lots of glass manufacturers have moved operations abroad, and China, Mexico and India usually export the most glass and stone to the

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