News: Construction Design & Engineering

Construction Management Assn. of America: Mission & Vision

The Mission of Construction Management Association of America (CMAA) is to promote and enhance leadership, professionalism, and excellence in managing the development and construction of projects and programs. The Vision of CMAA is to be the recognized authority in managing the development and construction of projects and programs. CMAA is leading the growth and acceptance of construction management as a professional discipline that can add significant value to the entire construction process, from conception to ongoing operation. Membership in CMAA includes more than 4,000 firms and individuals. Owners, engineers, architects, contractors, educators, students...everyone with a stake in the construction industry's success. All parties to a project are vitally interested in excellence of execution--including rapid completion, high fidelity to specifications, conscientious cost control, and optimum use of all resources. Professional construction management delivers these values. What Do We Stand For? The professional construction management services concept has grown out of a universal recognition throughout the design and construction community that quality-focused, cost-effective, dispute- and injury-free project delivery does not occur without a deliberate commitment and effort to manage the project delivery process. The cost and complexity of today's capital projects, the importance of time, and the need to deal with unanticipated events and unforeseen conditions all argue the need for an integrated and managed approach to planning, design, and construction of the built environment. Owners are faced with an array of project delivery options, each of which involves costs and benefits matched against the needs of the owner and the specific project. The task of management is to ensure that the value of those various project delivery methodologies is realized in achieving the owner's objectives. Professional construction management services are selected on the basis of qualifications and experience matched to the needs of the owner and the project and compensated on the basis of a negotiated fee for the scope of services rendered. This approach results in a cost-effective, dedicated representation of the owner's interests free from potential conflicts with regard to the cost of the project. Ethics and Accountability In 2006, the CMAA board of directors proved its commitment to good governance, accountability, and ethical integrity by establishing a new reporting system, which will allow CMAA members, non-members, vendors, and staff to submit questions, issues or concerns anonymously online or by phone. We respect and value your feedback, and hope that you will use the SilentWhistle website to communicate with us. Visit www.cmaa-ne.org for more information.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary