Construction is a capital intensive enterprise. Access to borrowed capital is critical for project owners and contractors alike. But a loan must be secured with collateral such as real estate of anticipated contract proceeds. And security interests sometimes create conflict among the various parties on the project. This was illustrated in two recent cases.
Beck Technology Ltd. has released the latest version of DProfiler, the company's flagship macro building information modeling (BIM) software integrating modeling, cost estimating, energy analysis, and now site topography analysis.
With the new DProfiler Site3D Module, users can introduce topography to their model by importing DWG or DXF, or by locating a project site in Google Earth and clicking "import." Proposed site plans then can be rapidly created in DProfiler and the cut and fill quantities and costs are calculated on the fly. The new module enables users to review construction cost, site cost, and energy cost simultaneously in a single application and study several different prototypes across all disciplines "very quickly," according to the company.
The U.S. Department of Housing and Urban Development (HUD) earlier this month announced that all $250 million in grants and loans from the American Recovery and Reinvestment Act (ARRA) for the department's Green Retrofit Program were obligated by the Sept. 30 statutory deadline.
The $250 million, awarded nationally, is now dedicated to developments to provide nearly 20,000 homes nationwide with energy-efficient upgrades. In addition to the green improvements, the green retrofit grants and loans are expected to reduce utility consumption by more than 25 percent on average, saving these low-income properties $12 million annually on utility bills.