Category: Financial

July 16, 2019

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 […]

July 10, 2019

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 […]

July 2, 2019

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 […]

June 26, 2019

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 […]

June 18, 2019

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 — […]

June 18, 2019

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, […]

June 14, 2019

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 […]

June 11, 2019

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 […]

May 23, 2019

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 […]

May 21, 2019

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 […]