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Category: Financial


Construction Processes, Financial, Legal

Bipartisan bill shoots for $125B infrastructure investment

April 15, 2019

Via: Construction Dive

More avenues for investment in the U.S. construction industry means more opportunities for contractors. After a partial appeal of FIRPTA in 2015, according to the AIA, foreign investment in both large and small U.S. cities increased by 33%, creating jobs […]


Construction Processes, Financial

3 contractors compete for $1B overhaul of Shreveport, Louisiana, sewer system

April 8, 2019

Via: Construction Dive

CDM Smith, according to the Shreveport Times, is the current program manager for the sewer overhaul, but the company’s contract expires this month. City Engineer Patrick Furlong told the Times that working with the firm had been “challenging.” U.S. sewer […]


Construction Processes, Financial

Total February spending up 1%, highway segment up 9.5%

April 5, 2019

Via: Construction Dive

February’s spending numbers, which followed a January increase of 2.5%, were good news for the construction industry overall, as some economists, according to MarketWatch, had predicted a small decline. This year’s spending so far also represents a bit of a […]


Construction Processes, Financial

Nonresidential spending expands again in February

April 2, 2019

Via: BDCNetwork

According to an Associated Builders and Contractors analysis of U.S. Census Bureau data released today, national nonresidential construction spending rose 1.2% in February. Seasonally adjusted nonresidential spending totaled $773.8 billion, a 4.8% increase over the same time last year. Private […]


Construction Processes, Financial

3 Cash Flow Management Mistakes Construction Companies Make

March 29, 2019

Via: ConstructConnect

Most construction companies are struggling to get paid on time. According to a recent survey of construction company owners, 1 in 5 respondents say that cash flow is a problem they have to face at a constant basis. Only 13% […]


Construction Processes, Financial

Austin Commercial to manage construction of $240M soccer stadium in Austin, Texas

March 28, 2019

Via: Construction Dive

True soccer-specific stadiums are a sports construction niche, as they have many unique features not present in other professional sports venues: standing-area-only sections for supporters and their signs; a seating bowl that is extra close to the field; aluminum seating […]


Construction Processes, Financial, Legal

Connecticut tribes win feds’ approval for up to $400M casino

March 27, 2019

Via: Construction Dive

The Mashantucket Pequots are the driving force behind the successful Foxwoods Resort Casino, and the Mohegans run the Mohegan Sun, both in southeastern Connecticut. The difference between these casinos and the one in East Windsor, though, is that the latter […]


Construction Processes, Financial

$1B Charlotte Harbor, Florida, waterfront resort breaks ground

March 22, 2019

Via: Construction Dive

A few days before breaking ground, Allegiant announced that it had partnered up with TPG Sixth Street Partners to finance the project with a $175 million loan, the “first piece of a long-term, potential $1 billion partnership” as development continues. […]


Construction Processes, Design, Financial

McCarthy-HITT JV wins $712M design-build contract for NGA HQ

March 22, 2019

Via: Construction Dive

Since the NW2 project is federally funded, the contract sets diversity requirements. Almost 7% of the construction workforce must be women, and each trade, such as carpenters and electricians, must have 14.7% minority participation. The St. Louis Building Construction Trades […]


Construction Processes, Financial, Legal

Pentagon identifies nearly $13B of military projects that could be shelved to fund border wall construction

March 21, 2019

Via: Construction Dive

“A bipartisan majority of Congress went on record in voting to rebuke this ill-conceived idea,” Reed said. “Now that members of Congress can see the potential impact this proposal could have on projects in their home states, I hope they […]