Category: Financial

October 17, 2019

Delayed payments are costing both general contractors and subcontractors tens of billions annually, according to a new study. The study was conducted by construction finance platform Rabbet, formerly Contract Simply, in partnership with Procore Technologies. A similar study by Rabbet […]

October 16, 2019

The money for Oklahoma’s program will come from the Federal Highway Trust Fund, state income taxes and fuel tax revenues. The Eight-Year Construction Work Plan is updated annually, and this year’s rendition represents a spending increase of approximately $400,000 from […]

October 14, 2019

The $2.6bn Koodaideri project, in Western Australia’s Pilbara, will be Rio Tinto’s most technologically advanced mine and will have a capacity of 43 million tonnes of iron ore a year, which is expected to commence in late 2021. The contract […]

October 4, 2019

The deterioration in construction output growth across emerging markets has been worse than previously expected, particularly in the US and the Middle East. Therefore, the forecast for global construction output growth in 2019 has been revised down to 2.7%, which […]

October 3, 2019

Industry experts, economists and construction executives rely on a long list of economic indicators to help them forecast the future of the business. But predicting what’s on the horizon is tricky, said Associated Builders and Contractors chief economist Anirban Basu, […]

September 26, 2019

Also included in the filing was a statement that the $24 million in change orders the company expects to collect as resolution to five other matters does not have anything to do with the Central Subway project. On Sept. 10, […]

September 24, 2019

Contractors know that prompt payment of their pay applications is critical to a construction project’s success. Timely and accurate payments allow them to pay their employees, lower-tier contractors, material suppliers and other vendors as agreed, which not only helps make […]

September 23, 2019

Most of the Chicago Transit Authority’s Red/Purple Line is more than 100 years old. On the city’s north side between the Lawrence and Bryn Mawr stations, the wooden tracks are supported by structural steel supports that are held together by […]

September 6, 2019

Hoffman said that even though some projects are considered replacements, all wall construction funded through the military will add to the Department of Homeland Security’s ability to prevent illegal entry into the U.S. He added that the money will only […]

September 3, 2019

The insurance industry is getting into the resilience business. QBE Insurance and Ashoka – which promotes social entrepreneurship— are in the middle of what may be the first-ever resilience-focused entrepreneurial challenge for the urban environment. “The fact is the climate […]