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Autodesk to audit financial practices, delay annual report
The contech giant said it doesn’t believe that the investigated areas will affect any previously issued financial statements, or its most recent earnings release.
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Caltrans taps Teichert for initial $1M Highway 1 response
California’s highway department awarded an emergency contract to the Sacramento-based contractor after a slide temporarily stranded thousands of people over Easter weekend.
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DC’s $8.8B Union Station upgrade moves forward
The 13-year megaproject would include modernized tracks and platforms, a new train hall and an underground garage.
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New York GC opens new headquarters
Forte Construction’s Long Island office, spanning 30,000 square feet, underwent significant upgrades including a complete interior renovation and exterior enhancements.
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OSHA publishes final employee walkaround rule
The May 31 change reverts to a long-standing practice that gives employees the right to select a third-party advocate to accompany an inspection.
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Project Wins
Skanska to build $1.4B Seattle bridge replacement
The contractor will construct the new Portage Bay Bridge, designed to better withstand earthquakes.
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Indiana DOT, Purdue collaborate on highway that charges EVs
Researchers will embed coils in a quarter-mile stretch of concrete roadway to produce a magnetic field that can recharge vehicles while they drive.
Updated April 5, 2024 -
Project Wins
Andretti Global taps Clark for new Indiana HQ
After replacing its first contractor, the racing giant plans to move to its new space in Fishers, Indiana, in 2025.
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Economic Reports
Project abandonments spike
Outright cancellations increased 7% over the past month, fueled by publicly funded projects, according to ConstructConnect.
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Tight timelines, future-proofing key to stadium upgrades
PCL Construction’s team breaks down its playbook for the numerous pro sports renovations it has completed across North America.
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Economic Reports
Job openings inch up as layoffs, hirings soar
Construction sectors powered by federal funds have high demands for labor, but private segments face slower growth, according to an Associated Builders and Contractors economist.
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What is a chief AI officer — and do you need one?
Not every company will have to jump in and hire an AI executive at the C-suite level, but they are becoming more commonplace, experts said.
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Former AECOM exec reportedly sues over alleged ageism, profit inflation
Jay Badame’s lawsuit claims the Dallas-based mega-contractor fired him due to his age and for questioning the firm’s earnings statements, according to The Real Deal.
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Executive Moves
Jacobs CFO steps down after 8 months on the job
The Dallas-based company brought back former CFO Kevin Berryman on an interim basis, as Claudia Jaramillo leaves to pursue other opportunities.
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Economic Reports
Construction spending slips due to weather, interest rates
Monthly spending was down in 15 of 16 nonresidential categories, but on an annual basis, all sectors are still positive.
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Project Wins
Krische Construction wins first phase of $152M Denver rail project
The local firm will reconstruct 30-year-old light rail intersections on the city's Downtown Loop.
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Driver sentenced to 18 months in work zone crash that killed 6
Melachi Brown pleaded guilty to six charges of manslaughter as a result of his involvement in last year’s collision on I-695 near Baltimore.
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$7.5B for transportation, infrastructure projects available from US DOT
The grant programs support projects “so large, complex, and ambitious that they could not get funded under the infrastructure programs that existed prior to this administration," Transportation Secretary Pete Buttigieg said.
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Baltimore bridge collapse
Crews begin to remove Key Bridge debris
The DOT released $60 million for a “down payment” on efforts to clean up the Baltimore-area span that collapsed last week.
Updated April 1, 2024 -
Project Milestones
McCarthy tops out $32M Arizona elementary school project
The St. Louis contractor is building a new administrative building, classroom facilities and a multipurpose gymnasium.
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Project Wins
Turner-led JV nabs $200M contract for Case Western Reserve University facility
The construction team, which includes three local partners, will build the Cleveland, Ohio, university’s first new research structure in more than two decades.
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Reinsurers are expected to cover most Baltimore bridge costs
The legal battle will be over who pays for what in the shipping accident that could cost as much as $4 billion.
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March 2024 wins: Contractors report their latest awards
Construction Dive rounds up the newest project wins from some of the country’s biggest builders including MCM Construction, Skanska and Turner.
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Project Milestones
Balfour Beatty gives 109-year-old Coca-Cola plant a modern facelift
The builder leveraged technology to access plans in real time, as it transformed the century-old bottling facility in Atlanta into a mixed-use space.
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AESC investing $1.5B to expand South Carolina operations
The company is adding a second battery factory at the site, which will supply BMW's EV assembly facility in Mexico.
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