Category: Financial

June 23, 2022

The clamor over construction’s labor crisis reached a fever pitch this week, with new evidence suggesting historic wage increases for low-skilled site workers are eating into contractors’ profits. Average hourly earnings for production and nonsupervisory employees in construction rose to […]

June 15, 2022

This week, the prospect of a recession got real. Scary real. Nearly six months into the stock market’s tumultuous ride, investors woke up Monday to see the claws of the bear now too late to duck: 40-year-high inflation for six […]

June 10, 2022

Montgomery County in Ohio plans to spend about $21 million improving the its streets and bridges in the coming years. According to the Dayton Daily News, the projects include more than $2.7 million for asphalt resurfacing this year, a $900,000 […]

June 6, 2022

The U.S. Navy has awarded more than $1 billion worth of contracts and task orders for work on military bases on the Pacific Island of Guam, most for Marine Corps Base Camp Blaz, which is intended to accommodate thousands of […]

May 31, 2022

As the Biden administration continues to distribute more of the funds from the $1.2-trillion Infrastructure Investment and Jobs Act, one focus is the law’s record funding for tribal infrastructure, including roads and bridges, drinking water, wastewater treatment and broadband. Mitch […]

May 31, 2022

Pennsylvania Department of Transportation (PennDOT) officials are concerned that federal funding may not have the benefit they expected. This is due to persistent inflation and problems getting basic materials such as concrete and asphalt. According to the Pittsburgh Post-Gazette, problems […]

May 24, 2022

The concept of “dig once” has become popular within many state and local infrastructure communities, according to Brittney Kohler, legislative director of transportation and infrastructure with the National League of Cities. Coordinating infrastructure projects, when practical, often is more efficient […]

May 19, 2022

If necessity is the mother of invention, the LBJ Express megaproject in Dallas, Texas, is a case study in pioneering engineering design and forward-thinking financing. This award-winning project stands as the largest and most complex mixed highway ever designed in […]

May 17, 2022

Foreign capital sources have made a major push into U.S. multifamily in recent years, and at the same time pivoted away from coastal real estate in favor of the Sun Belt and secondary markets. Points of interest for these investors […]

May 17, 2022

The U.S. Department of Transportation (DOT) announced that the application process is now open for communities to apply for $1 billion in Fiscal Year 2022 funding to help them ensure safe streets and roads for all. The Bipartisan Infrastructure Law’s […]