Tag: finance

March 27, 2023

For construction companies considering a transfer of ownership, succession planning is a powerful process with tools that can ensure a smooth transition. But even the best-laid plans can go awry if the company hasn’t included one of their most important […]

September 15, 2020

Having enough cash on hand to pay the bills and fund new projects is always top of mind for contractors, especially labor- and material-heavy subcontractors that fund most of the activity on a construction project often months before the owner […]

December 20, 2019

In 2019, many large contractors publicly complained about projects that brought on added risk, saying they would move away from contract methods that exposed them to financial or legal trouble. One of the biggest pain points was the use of […]

October 17, 2019

Delayed payments are costing both general contractors and subcontractors tens of billions annually, according to a new study. The study was conducted by construction finance platform Rabbet, formerly Contract Simply, in partnership with Procore Technologies. A similar study by Rabbet […]

April 23, 2019

Virgin’s approach to financing the West Palm Beach to Orlando extension is likely the kind of private investment President Donald Trump hopes will make up the difference on his $1 trillion to $1.5 trillion infrastructure plan. In his most recent […]

August 24, 2018

It’s the rare engineering or construction firm that doesn’t tout its leadership ability and resources to tackle ever-more complex challenges and deliver the highest quality and value to customers. But new industry research from management consultant FMI suggests that the […]

May 10, 2018

London’s transportation authority has secured approval to go ahead with design, build, finance and maintain project for a 1.4 km twin highway tunnel under the River Thames between Greenwich and Silvertown. Transport for London aims to selected the preferred bidder […]

April 3, 2018

President Trump’s fiscal year 2019 budget request seeks deep cuts for many construction accounts and some increases. But if the proposal, released on Feb. 12, gets the same Capitol Hill reception as his 2018 plan did, Congress will go its […]

March 28, 2018

Construction spending remained flat in January, kicking off the year with a seasonally adjusted annual rate of $1,262.8. This is nearly identical to December’s estimate which has been revised up from $1,253.3 billion to $1,262.7 billion. November’s estimate of $1,245.1 […]

February 14, 2018

The Trump administration and congressional Republicans pushed hard for a massive federal-tax overhaul in December that left virtually no segment of U.S. industry untouched, including construction. The $1.5-trillion Tax Cuts and Jobs Act (TCJA) of 2017, which went into effect […]

February 8, 2018

As many of the nation’s bridges continue to fall into disrepair or obsolescence, some local authorities are coming up with innovative ways to make the necessary bridge upgrades without creating additional commuter logjams. Last month, the Oklahoma Department of Transportation […]

January 23, 2018

In June, the Greater Orlando Aviation Authority (GOAA) approved a $350 million increase to the terminal’s price tag, citing inflation and rising labor and material costs brought by a robust local construction economy, a high-priced baggage system and other high-end […]

January 22, 2018

Back in November 2016, OCTA awarded a $1.2 billion design-build contract for the project to low bidder OC 405 Partners, a joint venture led by OHL USA and Astaldi Construction. The contract was the first to be issued under a […]

January 18, 2018

Looking for information on how much you can expect to spend on construction management software? It’s a tricky question with many variables. I’ve put together a straightforward guide on the ballpark figure you can expect when shopping for software in […]

January 17, 2018

The sports venue construction segment hit temporary turbulence last year when it almost lost what has become a key source of funding under the House GOP tax reform bill. Lawmakers included a provision that would have eliminated the option to […]

January 5, 2018

November’s figure marks the strongest monthly growth so far this year, and spells a positive outlook for the industry moving into next year. Growth in employment figures and construction spending, too, point to construction’s momentum in the coming months. The […]

December 5, 2017

The results of the HNTB poll mirror similar feedback from a national Bloomberg survey earlier this year, which found that just over half (55%) of Americans would support an increase in the federal gas tax if it meant improvements to roads and […]

November 2, 2017

Large nonresidential projects like the new Delta terminal continue to influence starts data. The new terminal, which is in addition to the current Terminal B project LaGuardia Gateway Partners (LGP) has in progress, is part of the Port Authority of […]

October 31, 2017

According to construction industry knowledge base Designing Buildings, construction output in the UK is worth more than £110 billion per annum and contributes 7% to the GDP. For an industry of this size, and despite the fact that technology underpins […]

September 18, 2017

Improvements in fuel efficiency and a federal gas tax — which has remained unchanged since 1993 — have been largely responsible for stunted growth in gas-tax revenues that fund the HTF. To remedy that holding pattern, industry groups and lawmakers alike are […]