CIRB: Eight Month California Construction Volume Up 6.7%.Business Editors BURBANK, Calif.--(BUSINESS WIRE)--Oct. 2, 2001 With public works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. construction leading the way in August, California's total construction activity for the first eight months of 2001 is up 6.7 percent from the corresponding period last year, totaling $43.84 billion. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. statistical data compiled monthly by the Construction Industry Research Board (CIRB CIRB Centre D'informatique Pour La Région Bruxelloise (French) CIRB Canada Industrial Relations Board CIRB Construction Industry Research Board CIRB Compensation Insurance Rating Board CIRB Crop Insurance Research Bureau ), residential and nonresidential (commercial) construction saw double-digit percentage increases in August over July, while public works construction activity (highway-heavy along with government owned buildings) was up 9.5 percent from July and also up 17.9 percent in year-to-date figures. Total construction activity for the month of August was $5.58 billion, up 20.0 percent from July and up 1.0 percent from August 2000. Ben Bartolotto, Director of CIRB, reports this July-to-August increase is due mainly to an increase in the volume of very large projects. While the August figures look good compared to the abrupt drop in July, caused by a decline in large projects, Director Bartolotto believes the August totals conceivably con·ceive v. con·ceived, con·ceiv·ing, con·ceives v.tr. 1. To become pregnant with (offspring). 2. could be the last "good numbers for the year." "The initial impact of the terrorist attack of September 11th, along with the uncertainty on how this event will affect the economy and construction in particular, leaves the outlook for the next few months in a state of limbo limbo In Roman Catholicism, a region between heaven and hell, the dwelling place of souls not condemned to punishment but deprived of the joy of existence with God in heaven. The concept probably developed in the Middle Ages. ," says Bartolotto. Early reports show a drop off in the number of daily permits in the second half of September. This uncertainty could result in disruptions in construction activities for a certain percentage of projects that might be delayed over the remainder of this year and into 2002. In the first eight months of 2001, statewide public works construction totals $11.88 billion, up $1.808 billion, or 17.9 percent from the same period last year. Major projects in August include two waste water treatment projects totaling $78 million, and seven highway projects totaling $170 million, including a $31.6 million seismic retrofit ret·ro·fit v. ret·ro·fit·ted or ret·ro·fit, ret·ro·fit·ting, ret·ro·fits v.tr. 1. To provide (a jet, automobile, computer, or factory, for example) with parts, devices, or equipment not in project in Alameda Alameda (ăləmē`də, –mā`də), city (1990 pop. 76,459), Alameda co., W central Calif., on an island just off the eastern shore of San Francisco Bay; settled 1850, inc. as a city 1884. County and a $20.8 million road rehab project in Fresno County. The largest government owned building project in August awarded is a $17.6 million library and resources center in Riverside County. For further information, call Ben Bartolotto at 818/841-8210. |
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