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Despite $21.6M loss, Tutor Perini sticks to its guidance

The Los Angeles-based infrastructure giant reiterated its full-year outlook, even though it went into the red in the first quarter.

Skanska posts 21% dip in Q1 profits

The Swedish contractor reported a strong backlog in the U.S., and CFO Magnus Persson told Construction Dive that infrastructure funding will be a bright spot in coming years.

Caesars delays $500M Virginia casino project to 2024

“The way of the world today is, it’s going to cost more, it’s going to take longer," a Caesars representative told the Danville, Virginia, City Council last week.

Updated May 10, 2022

How to mitigate the effects of climate change, natural disasters

Contractors should plan, prepare and consider parametric insurance to help manage risks from extreme weather.

Round Table: Mental health a key part of jobsite safety

In light of Construction Safety Week, Construction Dive asked experts to weigh in on the high suicide rate plaguing the industry and what employers can do to protect workers.

Study: 20% of retirees plan to head back to work this year

The rising cost of living is the main culprit driving retirees back into the workforce, the Resume Builder study found.

Jacobs posts higher profits, backlog in second quarter

While the company maintained its midrange guidance, it lowered the high end of its projected profits, citing geopolitical concerns.

Contractors turn to payment apps to speed billing

Cloud-based and mobile-friendly, fintech solutions are poised to revolutionize how contractors pay and get paid.

'Security never stops' says CTO on cybersecurity

Infrastructure is a top target for attacks, according to Colin Whitlatch, chief technology officer at Kahua, a project management software maker.

Experts: Consider extreme weather, tech shifts to build resilient infrastructure

National Institute of Building Sciences panelists discussed how the IIJA can accelerate more adaptable airports, supply chains and more.

Competition heats up to capture IIJA funds for hydrogen hubs

Having a plan to produce hydrogen may be the least important factor in securing a regional "hub" designation, experts say.

Report: GCs more likely than subs to get paid on time

General contractors have fewer problems collecting payments compared to other types of construction businesses, according to new data from Levelset.

Granite posts nearly 20% quarterly revenue loss as it works through less profitable projects

The California company's CEO is optimistic about shifting away from large, complicated builds and expects a boost from the infrastructure act.

5 ways to manage suppliers during disruption

Contract clauses and long-term deals are some ways large organizations can deepen vendor relationships and ensure supply. 

New McCarthy CFO: Jobs crisis industry's 'biggest challenge'

Kristine Newman, recently announced as CFO of the St. Louis-based contractor, said she believes building a unified front is key to combating the labor shortage.

Top US apartment builders, developers report large gains

Greystar moved from sixth place to the top of NMHC’s list of builders.

Report: Construction workers on the front lines of climate change risks

A new California legislative analysis suggests climate change poses a particular hazard to employees who cannot avoid outdoor exposure, including construction workers, and that the risk is increasing.

OSHA wants to make injury data public, but employers fear a PR nightmare

Companies with high injury and illness rates also could face increased union activity, one employment law attorney said.

Robots can revolutionize the modular building industry

Autovol CEO Rick Murdock said at the World of Modular conference this week that automation will continue to take up more of his company's production.

Strong contech funding rounds kick off the year

Construction technology firms, including high-profile companies such as The Boring Co., have pulled in millions over the past four months.

Biden restores stronger environmental review for federal projects

The updated National Environmental Policy Act could slow approvals for certain infrastructure projects, but help them resist lawsuits later on.

Lessons from California: Tips to keep transit projects on time, on budget

A new study from UC Berkeley highlights common pitfalls and potential solutions for complicated builds.

The Dotted Line: New Texas lien laws streamline process, but hurdles remain

Extending lien rights to all tiers of subcontractors is a broader trend that affects other states as well.

Popeyes to open 200-plus restaurants in US, Canada in 2022

Over half of these planned locations will have double drive-thrus, and some will test a new back-of-house design to streamline operations.

Texas' first state-funded border wall section 'essentially complete'

The 1.7-mile-long structure between Mexico and Texas was built with surplus wall panels from the federal government.