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Tag: budget


News

US Must Tackle Now Barriers to Advanced Nuclear Construction

April 28, 2023

Via: ENR

The challenge of keeping nuclear power construction on budget and on schedule, and other hurdles, must be resolved if advanced nuclear reactors are to play a larger role in the energy transition, the National Academies of Science, Engineering and Medicine […]


Construction Processes, Financial

Biden’s 2024 budget proposal bolsters OSHA funding by 17%

March 16, 2023

Via: Construction Dive

The 2,505 full-time OSHA positions sought in the budget is 35% higher than fiscal year 2022 figures — which the text says reflect “actual” employment, as opposed to budgeted. But filling those positions is easier said than done. The long, […]


News

New York-area infrastructure gets a boost from $8.3B Port Authority budget

January 3, 2023

Via: Construction Dive

Several major infrastructure projects are included in the budget. The $2.9 billion approved for annual capital spending includes funding for the following projects: Ongoing transformation of the Port Authority’s three major airports: JFK International Airport, LaGuardia Airport and Newark Liberty […]


Construction Processes, Financial

Minneapolis light rail extension $9.5M over budget, 9 years behind schedule

September 12, 2022

Via: Construction Dive

The Southwest Corridor light rail project has encountered numerous delays and cost overruns both before and after construction started in 2019. In response to these challenges, in March 2022 the Minnesota Legislature directed its auditor to review the project. The […]


Construction Processes, Financial

Senate Appropriators Quiz Buttigieg About DOT Budget

April 28, 2022

Via: ENR

With the Infrastructure Investment and Jobs Act moving deeper into the funding rollout stage and fiscal year 2022 appropriations belatedly in place, congressional appropriators are focusing sharply on federal spending bills for 2023. Senate and House committees are scrutinizing President […]


Construction Processes, Financial

Border wall gets no new funds in Biden’s budget

April 12, 2021

Via: Construction Dive

When fielding a question earlier this month about reports that Department of Homeland Security Secretary Alejandro Mayorkas was considering filling “gaps” in the border wall, White House Press Secretary Jen Psaki said during a press briefing that federal agencies are […]


Construction Processes, Financial

Report: US cities’ massive budget cuts impact infrastructure, capital expenses

June 30, 2020

Via: Construction Dive

The survey was based on input from officials at more than 1,100 municipalities across the country. Other findings include: 70% of municipalities have not received funding through the CARES Act. 13% of municipalities are making cuts to inspection, planning and […]


Sustainability

5 Management Challenges Construction Firms Will Face After COVID-19

June 3, 2020

Via: ConstructConnect

With confirmed U.S. cases of COVID-19 standing at 1.87 million, with over 108,000 of those cases resulting in death, to have even a fleeting thought of returning to the pre-COVID-19 workloads is not just lofty, it’s wishful thinking. Construction firms […]


Construction Processes, Financial

California transit, road work to continue despite $54B state budget deficit

May 15, 2020

Via: Construction Dive

Since the coronavirus outbreak hit the U.S., construction leaders across the country have worried that infrastructure projects like road and bridge construction could suffer as state DOT revenue declines and that federal funding could be waylaid as Congress turns its […]


Construction Processes, Financial, Interaction of Expertise

MTA completes tunnel rehab 3 months early, $100M under budget

May 1, 2020

Via: Construction Dive

In January 2019, Cuomo brought on consultants from the engineering departments at Columbia University and Cornell University with the goal of finding a more efficient way to tackle the tunnel rehab. This effort resulted in the integration of construction techniques […]


Construction Processes, Design, Financial, Procurement

Project Planning: Estimate, Budget, and Forecast

December 3, 2019

Via: ENR

The project planning process starts with a proposal estimate. Taking the time and effort to make a great proposal plan is a sure way to give the executing team the best shot for project success. The proposal estimate will have […]


Construction Processes, Financial

Project planners shave $1.4 billion from Hudson River tunnel budget

August 30, 2019

Via: Construction Dive

In the Aug. 23 letter to FTA Associate Administrator of Planning and Environment Felicia James, officials from the GDC — a partnership between New York, New Jersey and Amtrak — said they were able to trim costs on the project […]


Construction Processes, Financial

Where contractors are most likely to exceed the budget

August 12, 2019

Via: Construction Dive

Budget structures vary by the type of construction a contractor performs. For example, subcontractors typically have a significant amount of their costs allocated to direct labor and materials while general contractors’ budgets are likely to have more subcontracted work on […]


Construction Processes, Financial

Virgin Trains’ $4B Florida line tees up for construction

April 23, 2019

Via: Construction Dive

Virgin’s approach to financing the West Palm Beach to Orlando extension is likely the kind of private investment President Donald Trump hopes will make up the difference on his $1 trillion to $1.5 trillion infrastructure plan. In his most recent […]


Construction Processes, Financial, Interaction of Expertise

Trump’s budget seeks additional $8.6B border wall funds, to exceed $16B total

March 12, 2019

Via: Construction Dive

In the 2020 budget, the president also made good on a promise he reportedly made earlier this month to Mitch McConnell, the Republican Senate Majority Leader from Kentucky. The $3.8 billion budget request for Department of Veterans Affairs (VA) construction […]


Construction Processes, Financial

LA Metro approves $3.2B Purple Line extension budget

March 5, 2019

Via: Construction Dive

The Metro anticipates that the new extension will be put into operation in 2026. In June, the Metro selected Tutor Perini and joint venture partner Frontier-Kemper Constructors to bore the twin tunnels for Section 3 of the Purple Line under […]


Construction Processes, Financial, Legal

Pentagon eyes military construction budget for border wall

January 15, 2019

Via: Construction Dive

Despite the controversies surrounding the proposed barrier — i.e. who is going to pay for it and its central role in the longest federal shutdown in the country’s history — there is construction activity underway along the border. There are […]


Construction Processes, Financial

Trump FY19 Budget Mixed for Construction

April 3, 2018

Via: ENR

President Trump’s fiscal year 2019 budget request seeks deep cuts for many construction accounts and some increases. But if the proposal, released on Feb. 12, gets the same Capitol Hill reception as his 2018 plan did, Congress will go its […]