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Category: Financial


Construction Processes, Financial

Report: Construction workers receive $28B a year in public assistance

January 20, 2022

Via: Construction Dive

The report analyzed construction workers’ families’ reliance on programs such as adult and children’s Medicaid, the earned income tax credit, temporary assistance for needy families and the supplemental nutrition assistance program. Analyzing data from six states — Connecticut, California, Illinois, […]


Construction Processes, Financial

Contech firm launches new banking service for contractors

January 19, 2022

Via: Construction Dive

Briq Cash wants to solve what it calls “inefficiencies” surrounding payments in the construction industry, from time-consuming tasks like opening multiple accounts to digitizing files and data like receipts and invoices. “There’s different regulatory requirements that sometimes companies have to […]


Construction Processes, Financial

$26.5B from IIJA targets bridge repair, replacement projects

January 18, 2022

Via: Construction Dive

Crumbling bridges are a serious problem in the U.S. A 2021 American Society of Civil Engineers report found that more than a third of the country’s bridges need repairs, 45,000 were classified as structurally deficient and 79,500 need to be […]


Construction Processes, Financial

US DOT Releases 2022 Share of New IIJA $26.5B Bridge Program

January 14, 2022

Via: ENR

As the Biden administration continues rolling out funding provided in the $1-trillion Infrastructure Investment and Jobs Act (IIJA), the U.S. Dept. of Transportation released the first year’s installment of a new $26.5-billion program to replace and rebuild aging bridges around […]


Construction Processes, Financial

U.S. DOT to double investment in Regional Infrastructure Accelerators grant program

January 11, 2022

Via: Roads & Bridges

The U.S. Department of Transportation (U.S. DOT) this week announced the Build America Bureau will add $5 million in grants to the Regional Infrastructure Accelerators (Accelerators) Demonstration Program. This brings the total investment to $10 million to expedite delivery of […]


Construction Processes, Financial

Report: Construction productivity startups get the biggest piece of the $4.5B contech funding pie

December 22, 2021

Via: Construction Dive

Investments in contech in 2021 to date have tripled the amount invested in 2020. This record breaking year will end with not only a significant increase in investment, but also with the most funding rounds and acquisitions made within the […]


Construction Processes, Financial

FHWA providing $52.5B in funding under Federal-aid Highway Program

December 16, 2021

Via: Roads & Bridges

The Federal Highway Administration (FHWA) this week announced that it is $52.5 billion in funding to all 50 states and the District of Columbia under the Infrastructure Investment and Jobs Act (IIJA). FHWA says the $52.5 billion in apportioned funding […]


Construction Processes, Financial

Infrastructure act will pump $3B into nation’s ailing dams

December 7, 2021

Via: Construction Dive

The recently signed federal Infrastructure Investment and Jobs Act includes about $3 billion for dam safety, modernization and removal, as well as for hydropower projects. While that sum is not enough to cover all needed repairs and upgrades for the […]


Construction Processes, Financial

Houston Bridge Revised Design Adds $300M to Price

December 1, 2021

Via: ENR

Officials in Texas have settled on plans to replace a flawed design for the new Houston Ship Channel bridge project over safety concerns, with an added build cost of nearly $300 million on top of the original $962 million price. […]


Construction Processes, Financial

When will contractors see a boost of infrastructure dollars?

November 29, 2021

Via: Construction Dive

When the American Recovery and Reinvestment Act of 2009 passed, the public construction firms eagerly anticipated a windfall of funding and new projects. But then localities shifted the projects to other priorities. The Recovery Act “really amounted to a pretty […]