Top

Category: Financial


Construction Processes, Financial

Kiewit-Parsons JV wins $806M Los Angeles Gold Line light rail contract

August 16, 2019

Via: Construction Dive

In its press release announcing the award, the authority said that the construction phase could generate as many as 16,000 jobs, which, in turn, would create up to $1 billion in labor income and up to $40 million in extra […]


Construction Processes, Financial, Interaction of Expertise, Sustainability

More states invest in flood control programs

August 13, 2019

Via: Construction Dive

The Army Corps plays a big role in the development of flood control strategies and has turned to public-private partnerships (P3s) to achieve its goals in that area of construction. Work recently restarted on a $2.8 billion Army Corps flood […]


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

Seattle’s Sound Transit awards JV $729M light-rail project

August 1, 2019

Via: Construction Dive

Both Kuney Construction and Stacy and Witbeck previously have been selected to perform work on other Sound Transit projects. The authority gave Kuney a $93 million contract to build a segment of the East Link Extension. Stacy and Witbeck is […]


Construction Processes, Financial, Interaction of Expertise

Los Angeles-area transit project costs could reach $14B

July 26, 2019

Via: Construction Dive

If private companies are enlisted to perform the design work, the firm responsible for the selected route will have the chance to build the project as a public-private partnership (P3), providing needed financing and possibly operating and maintaining the line […]


Construction Processes, Financial, Procurement

Caterpillar had to raise prices in light of tariffs last quarter

July 26, 2019

Via: Construction Dive

The steel and aluminum tariffs imposed in 2018 had a significant effect on Caterpillar, with Bonfield last year citing material costs up 2% due to higher steel prices, but the effects appear to be stabilizing now. “It’s now been a […]


Construction Processes, Financial, Interaction of Expertise

Construction’s hourly wages 10% higher than private sector’s

July 19, 2019

Via: Construction Dive

A dearth of skilled labor has caused U.S. companies to continue to increase pay as they work to attract new hires in what AGC CEO Stephen E. Sandherr said in a statement is “one of the tightest labor markets” that […]


Construction Processes, Financial, Procurement

Trump proposes tighter Buy American limits on steel, iron

July 18, 2019

Via: Construction Dive

In comments to Engineering News-Record, Brian Deery, senior director of the Associated General Contractors of America’s highway and transportation division, said that the new rules would only affect direct federal contracts with agencies like the U.S. Army Corps of Engineers […]


Construction Processes, Financial, Interaction of Expertise

Environmental reviews, citizen concerns have driven up highway construction costs

July 17, 2019

Via: Construction Dive

In the draft of Brooks’ and Liscow’s study, the two also point to higher-income communities or coalitions that demand more expensive highways as a reason for rising costs. This is because, according to the researchers, demand for many goods increases […]


Construction Processes, Financial, Legal

Trump looks to Supreme Court in effort to resume border wall construction

July 16, 2019

Via: Construction Dive

The DOD has found money to put toward border wall construction from various accounts but has always maintained that the money was gleaned from savings or was not needed to advance military operations. The department’s first $1 billion of funding […]