Gilbane Building Company, which recently released the summer 2013 edition of “Construction Economics – Market Conditions in Construction” — projected that construction spending for 2013 will exceed spending for 2012 by 5 percent, the company announced Thursday.
Construction employment in Rhode Island rose 5.3 percent in October compared with the same period last year, adding 800 jobs for a total of 16,000 jobs, the Associated General Contractors of America reported Friday.
The Great Recession delivered a hammer blow to building and real estate businesses, and New England Construction did not escape the pain. The East Providence-based company saw revenue fall from more than $58 million in 2008 to $20 million in 2010.
But while other companies folded, New England Construction held on and worked hard to rebuild through the recovery. Today the company’s annual revenue is nearly where it was before the downturn five years ago, up to $53.5 million in 2012.
Associated Builders and Contractors, a national construction industry trade association, has presented Gilbane Building Co. with its Safety Training and Evaluation Process Diamond Award, the Providence-based construction company announced Wednesday.
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