Category: Financial

July 19, 2024

ARCO Construction Cos., the big contractor that performs a great deal of design-build and concrete construction work, has built up its New England operations from two employees and about $10 million in revenue in 2018 to roughly a level of […]

July 8, 2024

The U.S. DOT says on a web page that the RAISE program uses “a rigorous merit-based process to select projects with exceptional benefits, explore ways to deliver projects faster and save on construction costs, and make needed investments in our […]

July 5, 2024

The investment firm puts money toward companies across the design and build lifecycle, Adam Bridgman, Ironspring’s co-founder, told Construction Dive in an email. The VC is particularly focused on automation solutions for commercial, industrial and infrastructure construction. “These are complex, […]

July 2, 2024

As has been the case for the last 24 months, public dollars flowing from the $1.2 trillion Infrastructructure Investment and Jobs Act, as well as follow-on legislation such as the $52 billion CHIPS and Science Act, are propping up the […]

June 21, 2024

It has been a little over two and a half years since the passage of the bipartisan Infrastructure Investment and Jobs Act (IIJA) provided a much-needed boost to the highway construction sector. In that same time, inflation has erased the […]

June 20, 2024

Kyowa Kirin is a biotechnology and drug manufacturing company specializing in antibody technologies in core therapeutic areas such as oncology treatments for the central nervous system. The Sanford facility is part of a larger effort to build out Kyowa Kirin’s […]

June 4, 2024

“An unprecedented increase in manufacturing construction spending has pushed overall nonresidential activity 31.9% higher over the past two years,” said Basu. “Ongoing investment in industrial facilities as well as significant infrastructure-related outlays will keep nonresidential spending elevated despite the current […]

May 15, 2024

The saying goes April showers bring May flowers, and so far this spring, contech firms announced they’ve been showered with cash. Firms that specialize in green materials, recycling and artificial intelligence-based inspections reeled in cash, as the industry continues to […]

May 1, 2024

In contrast, private sector nonresidential spending was uneven, said Ken Simonson, chief economist for the Associated General Contractors of America. Overall, private nonresidential spending dropped 0.2%. “Private nonresidential categories showed varied patterns, while multifamily construction continued to slip from record […]

April 14, 2024

Extreme weather is becoming more frequent and severe due to climate change and is causing increased damage to U.S. transportation systems and supply chains, which were primarily designed before climate impacts were taken into consideration. “From wildfires shutting down freight […]

April 11, 2024

The Miami-Dade County Water and Sewer Department selected Jacobs Solutions, along with two other firms, to design upgrades worth $15 million each for the county’s three wastewater treatment plants, according to a company announcement. The other two companies are New […]

April 11, 2024

Earlier this week, the consumer price index in March also rose more than forecast for the third straight month, according to the Bureau of Labor Statistics. Ken Simonson, chief economist at the Associated General Contractors of America, echoed Basu’s sentiment […]

March 21, 2024

February’s starts could preface a prolonged period of sluggishness over the remainder of the year, Branch said, following January’s stagnant readings that were only kept positive by a manufacturing surge. Branch predicted that interest rate struggles would continue for some […]

March 6, 2024

There was a time when construction seemed insulated from the economic malaise hitting other industries, especially during the COVID-19 pandemic. When officials deemed building as an “essential” sector and exempted it from lockdowns early in the crisis, crews could keep […]

February 8, 2024

After months of delay, the Senate commerce committee has approved a five-year Federal Aviation Administration bill that would boost FAA’s Airport Improvement Program infrastructure grants by 19%, to $4 billion a year. The measure, which the Commerce, Science and Transportation […]

February 7, 2024

Amtrak selected the Kiewit and J.F. Shea Construction joint venture to build the Frederick Douglass Tunnel in Baltimore, the rail agency announced in a Feb. 6 press release. It’s the second of three major components in an $6 billion program […]

February 2, 2024

After a revision flipped November’s 0.1% drop back to positive, December’s jump now marks the 19th consecutive month of growth, largely due to infrastructure and manufacturing activity, Basu said, noting big gains for spending overall last year. “Nonresidential construction spending […]

February 1, 2024

The Federal Aviation Administration has awarded $243.7 million for airport infrastructure grants around the country to improve runways and taxiways and expand or build terminals. In announcing the selections on Jan. 30, FAA said that its latest batch of awards […]

January 22, 2024

Most commercial construction businesses think about financial technology only when it comes to paying their large and often fragmented supplier base. But the right payment solution can make the payment process more efficient while addressing other critical business challenges and […]

January 12, 2024

The website features a map that spotlights numerous projects, from a solar energy storage site in Kings County north of Los Angeles to a new border crossing facility in San Diego and Bosch’s $1.5 billion investment in a chip fab […]