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Cayman has added Cuba, Colombia and Panama to the list of countries from which cement can be imported in a bid to ease the shortages within the local construction industry.
Lumber prices, an important element of property construction costs, dropped 40% in June – the biggest monthly fall on record in the US markets..
Cayman’s construction industry experiences a surge of activity post-COVID-19 lockdown.
Building essentials, like lumber, plywood, cement and concrete, are in short supply and local stocks are dwindling.
Government is pushing ahead with its plans to reopen Cayman’s construction industry through a phased approach beginning next week, Premier Alden McLaughlin has announced.
With construction activity continuing unabated, several new projects that will extend the development boom into 2020 and beyond have either been floated, approved or already launched.
Improvement works have started at Heroes Square in George Town.
Government is investigating the possibility of structured concessions for the development industry to incentivise affordable housing construction.
Mr. Myles is to be commended, and his efforts supported – particularly by parents and educators who influence young people’s choices and who may be unaware of today’s job market realities.
If there is one place on the planet that should have a simple tax structure, it is the Cayman Islands. So why are lawmakers considering adding more complexity to our country’s stamp duty regime on property purchases?
Cayman’s new Builders Law will raise the standard of professionalism in our expanding construction sector, aligning our jurisdiction with other venues that insist on best practices in this critical industry.
Liquidators have begun dismantling MEPCO, the construction company that closed suddenly in October and laid off more than 50 employees.
The government has extended a 15 percent import duty rate on building materials imported to Grand Cayman until Dec. 31, 2017.
Construction has stopped on the 20,000 panel, $1.4 million solar farm on nearly 22 acres east of Bodden Town because of financial problems, delaying commissioning until at least next spring.
As expansion work on the Owen Roberts International Airport continues, the Cayman Islands Airports Authority is advising travelers to expect some inconvenience at the check-in area of the airport from Monday.
Construction continues on the Valu-Med pharmacy at the corner of Anton Bodden Drive and Harvey Stephenson Drive in Bodden Town.
Led by construction, real estate and financial services, Cayman’s economy grew in the first quarter of this year, according to a report released recently by the government Economics and Statistics Office.
As an expanded crew of around 700 construction workers races to finish the new Kimpton Seafire Resort, the hotel’s management team is ramping up its recruitment drive to find 400-plus staff to work in the new facility.
An environmentally friendly housing development, featuring 85 homes, is planned for Grand Harbour.
Work on the new John Gray High School building is expected to restart in June, according to the Ministry of Education.
Longtime George Town resident Cecil Hedges, 63, died in an accident at a residential construction site in Lower Valley this week, according to police.
A 63-year-old man has died after an accident Tuesday at a residential construction site on Nature’s Circle, off Beach Bay Road in Lower Valley, police reported.
Cricket Square builders Orchid Development will break ground this summer on the fifth and latest addition to the upmarket office park, demolishing the Rubis gas station on Shedden Road to make way for a new six-story building.
Construction businesses will be required to pay fees of between $500 and $5,000 to be licensed under the new Builders Law.
Motorists are reminded that water works are taking place along the main road in Bodden Town just past the Gun Square cannons.