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Category: Financial


Construction Processes, Financial

Earnings roundup: High interest rates catch up to construction

March 6, 2024

Via: Construction Dive

There was a time when construction seemed insulated from the economic malaise hitting other industries, especially during the COVID-19 pandemic. When officials deemed building as an “essential” sector and exempted it from lockdowns early in the crisis, crews could keep […]


Construction Processes, Financial

Senate Committee Clears FAA Bill with $20B for Construction Grants

February 8, 2024

Via: ENR

After months of delay, the Senate commerce committee has approved a five-year Federal Aviation Administration bill that would boost FAA’s Airport Improvement Program infrastructure grants by 19%, to $4 billion a year. The measure, which the Commerce, Science and Transportation […]


Construction Processes, Financial

Kiewit-Shea JV nabs $1B Baltimore Amtrak tunnel contract

February 7, 2024

Via: Construction Dive

Amtrak selected the Kiewit and J.F. Shea Construction joint venture to build the Frederick Douglass Tunnel in Baltimore, the rail agency announced in a Feb. 6 press release. It’s the second of three major components in an $6 billion program […]


Construction Processes, Financial

Public construction spending soars, but private projects still face hurdles

February 2, 2024

Via: Construction Dive

After a revision flipped November’s 0.1% drop back to positive, December’s jump now marks the 19th consecutive month of growth, largely due to infrastructure and manufacturing activity, Basu said, noting big gains for spending overall last year. “Nonresidential construction spending […]


Construction Processes, Financial

FAA Awards $244M for Airfield, Terminal Projects

February 1, 2024

Via: ENR

The Federal Aviation Administration has awarded $243.7 million for airport infrastructure grants around the country to improve runways and taxiways and expand or build terminals. In announcing the selections on Jan. 30, FAA said that its latest batch of awards […]


Construction Processes, Financial

How leveraging a digital payment platform in commercial construction increases speed and reduces risk

January 22, 2024

Via: Construction Dive

Most commercial construction businesses think about financial technology only when it comes to paying their large and often fragmented supplier base. But the right payment solution can make the payment process more efficient while addressing other critical business challenges and […]


Construction Processes, Financial

California launches site to track $180B in infrastructure investment

January 12, 2024

Via: Construction Dive

The website features a map that spotlights numerous projects, from a solar energy storage site in Kings County north of Los Angeles to a new border crossing facility in San Diego and Bosch’s $1.5 billion investment in a chip fab […]


Construction Processes, Financial

High prices are slowing for road builders, but challenges lay ahead

January 9, 2024

Via: Construction Dive

Although road and bridge construction costs continue to be high compared to pre-pandemic levels, the prices of key materials — like concrete, asphalt and diesel — have been coming down, providing some much needed relief for builders. However, that doesn’t […]


Construction Processes, Financial

17 states are cutting income taxes this year

January 8, 2024

Via: Construction Dive

The decline in business tax rates vary from state to state. Of the half dozen state’s trimming their corporate income tax rates, Arkansas’s will drop to the lowest level, with top marginal rates of the state’s corporate income tax falling […]


Construction Processes, Financial

$7.5B Oregon-Washington bridge project nabs IIJA funds

January 2, 2024

Via: Construction Dive

Oregon and Washington state officials praised the new funding. “This is a big moment for the Pacific Northwest and demonstrates the national significance of this effort,” said Oregon Gov. Tina Kotek in the release. “Replacing the Interstate Bridge is a […]


Construction Processes, Financial

Construction spending inches higher

December 1, 2023

Via: Construction Dive

Mixed activity levels within categories suggest the construction market is shifting, but still remains strong overall, according to a separate analysis of spending trends from the Associated General Contractors of America. Spending on manufacturing plants, the largest nonresidential segment, jumped […]


Construction Processes, Financial

Feds award $34M for digital construction tech

November 29, 2023

Via: Construction Dive

The TIDP receives $550 million over five years, or $110 million annually, and funds various transportation and highway research endeavors. The program has existed since 2013, and was continued by the FAST Act in 2016 and the IIJA in 2021. […]


Construction Processes, Financial

Feds award $653M for 41 port projects

November 6, 2023

Via: Construction Dive

The nation’s more than 300 coastal and inland ports get a B- grade from the American Society of Civil Engineers, meaning they’re adequate for now but require attention. While port funding has risen in recent years, there is still a […]


Construction Processes, Financial

Public projects fuel construction spending growth

November 2, 2023

Via: Construction Dive

The largest nonresidential segments showed mixed results from August to September, according to the Associated General Contractors of America construction spending report. Commercial construction, which includes warehouse and retail projects, increased 0.7% in September, noted the AGC report. Meanwhile, investment […]


Construction Processes, Financial

British Columbia Shortlists Three Teams for $3B Fraser River Tunnel

October 31, 2023

Via: ENR

British Columbia Transportation and Infrastructure officials have shortlisted three teams to submit proposals for the $3-billion Fraser River Tunnel Project south of Vancouver, Canada. According to procurement documents, officials plan to sign a design early works agreement with the winning […]


Construction Processes, Financial

Fed warns of stability risk from $24T commercial real estate market

October 24, 2023

Via: Construction Dive

The commercial real estate market has slumped in recent years as working from home grew in popularity and borrowing costs surged. Since March 2022 Fed policymakers, aiming to slow the worst inflation in four decades, raised the benchmark interest rate […]


Construction Processes, Financial

Construction takes bigger bite out of the Big Apple

October 19, 2023

Via: Construction Dive

Nonresidential construction continues to lead construction spending in New York City, said Esposito. The federal government’s investment in infrastructure, along with resilient sectors such as healthcare, life sciences, manufacturing, data centers and transportation, will continue to create opportunities, he said. […]


Construction Processes, Financial

Manufacturing continues to drive construction spending

October 2, 2023

Via: Construction Dive

Spending levels remained mostly positive among large nonresidential segments, according to the Associated General Contractors of America construction spending report. Manufacturing-related spending continues to lead the way, posting a 1.2% uptick in August, according to the report. Spending on power, […]


Construction Processes, Financial

5 construction technology firms snare funding

September 27, 2023

Via: Construction Dive

Financial services firm Flex raised $120 million in a Series A equity and debt financing round, according to a Sept. 19 press release. The firm raised $20 million in equity capital, led by Tampa, Florida-based Florida Funders. San Francisco-based investment […]


Construction Processes, Financial

Construction prices jump for first time in 6 months

September 15, 2023

Via: Construction Dive

An extreme jump in diesel fuel costs in August drove the overall increase in materials prices, according to a separate analysis from the Associated General Contractors of America. Most other commodity prices remained relatively unchanged, according to AGC officials. “The […]