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Category: Financial


Construction Processes, Financial, Legal

UBC: $2.6B in taxes lost yearly to under-the-table pay

March 19, 2019

Via: Construction Dive

The United Brotherhood of Carpenters (UBC) has levied a serious charge against the U.S. construction industry — that it is shorting the American taxpayer to the tune of up to $2.6 billion each year by making under-the-table payments to more […]


Construction Processes, Financial, Interaction of Expertise

Trump’s 2020 federal budget request omits $13B Hudson River tunnel

March 13, 2019

Via: Construction Dive

The Trump administration has made no bones about letting state and local governments across the country know that projects securing the most non-federal financial support will be first in line for federal funding. This view was reiterated in the president’s […]


Construction Processes, Financial, Interaction of Expertise

Trump’s budget seeks additional $8.6B border wall funds, to exceed $16B total

March 12, 2019

Via: Construction Dive

In the 2020 budget, the president also made good on a promise he reportedly made earlier this month to Mitch McConnell, the Republican Senate Majority Leader from Kentucky. The $3.8 billion budget request for Department of Veterans Affairs (VA) construction […]


Construction Processes, Financial

Seattle-area light rail, transportation plan busting $54B budget

March 8, 2019

Via: Construction Dive

Getting voters on board with the Central Puget Sound Regional Transit Authority’s (Sound Transit) $54 billion plan to improve and expand mass transit in and around Seattle was a hard sell in 2016, but ultimately successful. Just over 54% of […]


Construction Processes, Financial

LA Metro approves $3.2B Purple Line extension budget

March 5, 2019

Via: Construction Dive

The Metro anticipates that the new extension will be put into operation in 2026. In June, the Metro selected Tutor Perini and joint venture partner Frontier-Kemper Constructors to bore the twin tunnels for Section 3 of the Purple Line under […]


Construction Processes, Design, Financial, Legal

$1.5B KCI terminal construction cleared for takeoff

March 4, 2019

Via: Construction Dive

It has been more than a year since Kansas City, Missouri, officials and voters decided they would build a new terminal at the Kansas City International Airport, and it looks like they might finally be able to see construction start. […]


Construction Processes, Design, Financial

$1B Boston hospital expansion will include disaster, flood protection

February 25, 2019

Via: Construction Dive

Mass General must still raise the money to pay for the new structure, which will be at least 12 stories and provide 450-plus beds. The building also will feature cancer and heart centers, operating and exam rooms and other patient […]


Construction Processes, Financial

Illinois DOT needs at least $39B for transportation and infrastructure work

February 25, 2019

Via: Construction Dive

The funding request comes at a time of renewed concern about the structural integrity of the state’s bridges. Officials closed Chicago’s Lake Shore Drive bridge earlier this month after a crack in supporting beams was discovered. The bridge reopened after […]


Construction Processes, Financial, Interaction of Expertise

$12B Texas bullet train construction could start this year

February 22, 2019

Via: Construction Dive

The Dallas-to-Houston bullet train has been under fire from landowners along the proposed route since development began. However, the rail now has another public relations obstacle to overcome — the inevitable comparisons to the $77 billion, Los Angeles-to-San Francisco high-speed […]


Construction Processes, Financial

Virginia awards $3.3B Hampton Roads tunnel project to Dragados-led design-build team

February 20, 2019

Via: Construction Dive

The team that HRCP beat out to win the project was Hampton Roads Capacity Constructors, which was comprised of Fluor Corp., The Lane Construction Co., Traylor Bros., Bouygues Construction and AECOM. In addition to being the VDOT’s largest project ever, […]