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Category: Financial


Construction Processes, Financial, Legal

Update: Trump Signs Stimulus Bill With Billions, Potentially, for Construction

March 27, 2020

Via: ENR

President Donald Trump has signed the massive measure approved by Congress aimed at helping laid-off workers, financially strapped companies and a stressed health care system as a result of the coronavirus outbreak. Final congressional action came on March 27, when […]


Construction Processes, Financial

Border wall construction continues with additional contract for $1.2B project

March 26, 2020

Via: Construction Dive

Southwest, which is affiliated with Kiewit Infrastructure, was one of 12 contractors shortlisted by the Army Corps in May to bid on approximately $5 billion of border wall projects during the next five years. The work will include barriers, access […]


Construction Processes, Financial, Interaction of Expertise

Founders of modular builder Guerdon buy company assets, form new business

March 10, 2020

Via: Construction Dive

According to The Idaho Statesman, it’s unclear what caused GELLC’s financial problems leading to foreclosure and that the original company did not file for bankruptcy. In July 2018, modular builder Skender announced the opening of a new manufacturing facility in […]


Construction Processes, Financial

5 Ways to Reduce Costly Rework on Construction Projects

March 5, 2020

Via: ConstructConnect

Nobody likes to complete a task only to find out it wasn’t done correctly, forcing them to spend time and money doing it all over again. Hopefully, getting it right the second time around. For construction managers and project managers, […]


Construction Processes, Financial, Interaction of Expertise

Denver airport chief takes blame for $1.8B Great Hall P3 debacle

February 27, 2020

Via: Construction Dive

In previous statements, Day put the majority of the blame for delays and rising costs on Great Hall Partners. Airport officials did not respond to Construction Dive’s request for comments. The trouble between Great Hall and the airport heated up […]


Construction Processes, Design, Financial, Procurement

How to Manage Risk with Controllable Costs in Construction

February 26, 2020

Via: ConstructConnect

Anyone who works in the construction industry knows that anything can go wrong at a moment’s notice. Weather and injuries can delay a project, material shortages may increase prices and lack of communication can completely derail plans. When these things […]


Construction Processes, Financial, Legal

Illinois Senior Living Developer, Sub-Contractors Ordered To Pay $1.1M to Union Carpenters for Prevailing Wage Violations

February 24, 2020

Via: ENR

The Illinois Dept. of Labor is requiring the developer of a senior living center in Northbrook, Ill., and two subcontractors to pay more than $1.1 million to workers for failing to meet state-certified prevailing wage and benefit rates during the […]


Construction Processes, Financial

California bullet train construction update shows costs could reach $100B

February 19, 2020

Via: Construction Dive

The California High-Speed Rail Authority (CHSRA) has released its Draft 2020 Business Plan. Although it is making progress and putting Californians to work on the bullet train construction, the costs for the full project have grown at least another $1.3 […]


Construction Processes, Financial

Fluor decides to keep government business, faces SEC investigation

February 18, 2020

Via: Construction Dive

Last fall, as part of a strategic review process, Fluor leaders announced that they were initiating plans to sell AMECO and the firm’s government business for a total of about $1 billion. CEO Carlos Hernandez said at that time that […]


Construction Processes, Financial, Interaction of Expertise

JFK Airport Upgrade Continues With Approval of $3.8-Billion Terminal Expansion

February 17, 2020

Via: ENR

The Port Authority of New York and New Jersey has given the go-ahead for the next phase of JFK International Airport’s multifaceted $13-billion makeover—a $3.8-billion expansion of Terminal 4. Designed to consolidate Delta Airlines operations into a single terminal, the […]