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Category: Financial


Construction Processes, Financial, Legal

Trump looks to Supreme Court in effort to resume border wall construction

July 16, 2019

Via: Construction Dive

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 […]


Construction Processes, Financial, Legal

Federal Builders Miss in Contract Change Oversight

July 10, 2019

Via: ENR

Two leading federal construction owners lack agency-wide data and process control for contract changes that could delay cost resolution and even project completion, with impacts for contractors, particularly small firms, says a new U.S. government watchdog agency report. The Government […]


Construction Processes, Financial

Construction spending slides in May despite predictions

July 2, 2019

Via: Construction Dive

Total construction spending decreased 0.8% in May to a seasonally adjusted rate of $1.29 trillion, down from April’s revised estimate of $1.3 trillion, the Commerce Department reported on Monday. Spending sank by 2.3% when compared to May 2018 and, year […]


Construction Processes, Financial, Interaction of Expertise

Report: Preparing US for sea level rise will cost $400B

June 26, 2019

Via: Construction Dive

U.S. coastal communities provide recreation and a laid-back lifestyle for those lucky enough to be able to live in such close proximity to the water, and the flow of tourists sustains small businesses that set up shop there. But all […]


Construction Processes, Financial, Interaction of Expertise

Construction begins on new $600M main entrance at NYC’s Penn Station

June 18, 2019

Via: Construction Dive

The addition of a new entrance is just part of a multibillion-dollar program to improve rail and rail-related services in the New York City metro area. In December 2017, the MTA awarded a $1.8 billion design-build contract to 3TC — […]


Construction Processes, Financial, Interaction of Expertise

Exxon-SABIC to start construction on $10B Corpus Christi, Texas, ethane cracker plant

June 18, 2019

Via: Construction Dive

ExxonMobil said the project will also create 600 permanent jobs and provide $50 billion of economic output in the first six years of operations. An ethane cracker plant extracts the ethane found in natural gas and processes it into ethylene, […]


Construction Processes, Financial, Legal

Privately funded group reaches deal with water agency to only lock its border wall at night

June 14, 2019

Via: Construction Dive

The commission said that when We Build the Wall first applied for a permit, the agency asked the group more than once to relocate the gate because it was placed in such a way that it might funnel undocumented immigrants […]


Construction Processes, Financial

FAA sees $17.7B proposed for 2020, allocates $840M grants

June 11, 2019

Via: Construction Dive

The funding is welcome as airports attempt to fund much-needed improvements on their own. Lawmakers once again failed to raise the $4.50 Passenger Facility Charge (PFC) that helps airports pay for their capital construction programs. Airports are allowed to tack […]


Construction Processes, Financial

Virgin Trains taps contractors for $4B South Florida-Orlando expansion

May 23, 2019

Via: Construction Dive

In addition to announcing which contractors will be working on the expansion project, Virgin also said that Steel Dynamics in Fort Wayne, Indiana, has shipped the first of the trains that will serve the new route. Virgin came on as […]


Construction Processes, Financial, Interaction of Expertise

Construction on pause at Detroit’s $830M Monroe Blocks high-rise project

May 21, 2019

Via: Construction Dive

Crain’s reported that Bedrock received a total of $618.1 million in brownfield tax incentives from the state of Michigan last year for the four projects combined and must complete them by May 2023 in order to retain the entire dollar […]