Category: Financial

August 16, 2019

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 […]

August 13, 2019

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 […]

August 12, 2019

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 […]

August 1, 2019

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 […]

July 26, 2019

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 […]

July 26, 2019

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 […]

July 19, 2019

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 […]

July 18, 2019

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 […]

July 17, 2019

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 […]

July 16, 2019

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 […]