Fluor's Q4 losses skid 60% to $171M, backlog drops

The Irving, Texas-based contractor issued positive guidance for future work despite losses in revenue and backlog.

By Sebastian Obando • Feb. 22, 2022

Lendlease calls 2022 a 'reset' year, losing $264M in 6 months

The Australian contractor missed earnings forecasts, but expects to crawl back into the black in the second half of its fiscal year.

By Zachary Phillips • Feb. 22, 2022

Explore the Trendline➔

Top 5 stories from Construction Dive

Construction Dive editors curate some of the industry’s top stories from this year.

By Construction Dive staff

Stars align to hoist historic Times Square theater for mixed-use project

A developer is lifting the Palace Theatre three stories to make way for new shops underneath.

By Matthew Thibault • Feb. 18, 2022

A new report identifies the highest-rated construction jobs

High earning potential and growth placed electricians at the top of the chart.

By Zachary Phillips • Feb. 17, 2022

DOL to add 100 wage and hour investigators

The additional compliance workers will aid the department's protection of workers' wages and right to family and medical leave, DOL said.

By Emilie Shumway • Feb. 17, 2022

Cryptocurrency bans fuel US data center construction

Crypto bans across the world have accelerated a wave of domestic construction projects.

By Sebastian Obando • Feb. 16, 2022

4 inflation-coping strategies employed by top US corporations

Executives in several sectors describe how they aim to shield profits against rising prices.

By Jim Tyson • Feb. 15, 2022

Rising cold storage demand drives DHL's $400M expansion

The logistics provider will add six U.S. facilities in a shift from a just-in-time to a just-in-case approach to pharmaceutical distribution.

By Alejandra Carranza • Feb. 14, 2022

Populous designs sole permanent venue for 2022 Olympics

The "Ice Ribbon" speed skating arena seats 12,000 and will serve as a winter sports hub in Beijing after the Games end.

By Matthew Thibault • Feb. 14, 2022

Contractors, local officials clamor to end Seattle-area concrete worker strike

King County officials released a bid request worth more than $30 million for a concrete supplier with unionized workers, pressuring companies to make a deal.

By Matthew Thibault • Feb. 11, 2022

Why private construction jobs are requiring surety bonds, too

Bonding is no longer just a requirement for public works projects.

By Jacqueline Greenberg Vogt • Feb. 11, 2022

Contractors prepare for enforcement of New York City vaccine mandate

As requirements for private firms ramp up, an official told Construction Dive that the city will focus on educating employers rather than fining them.

By Sebastian Obando • Feb. 10, 2022

11 recent contech funding announcements

Construction technology firms like Bridgit, StructionSite and Brainbox AI have received investor money in recent months.

By Matthew Thibault • Feb. 9, 2022

Super Bowl LVI stadium builder: 'I don't think there's a bad seat in the house'

Turner Construction's Rick Bach, senior leader on the SoFi Stadium project, spoke to Construction Dive ahead of the NFL's big game.

By Zachary Phillips • Feb. 9, 2022

Jacobs profit falls, backlog rises 12%

During an earnings call on Feb. 8, the Dallas-based company said it will continue its expansion into data solutions, smart infrastructure and intelligence.

By Sebastian Obando • Feb. 8, 2022

ABC NorCal's new CEO aims to advance workforce training

Newly appointed to lead the Northern California chapter of Associated Builders and Contractors, Deborah Maus will focus on apprenticeship support and providing long-term career opportunities.

By Mary Salmonsen • Feb. 8, 2022

New XL Construction CEO: 'Huge amount of money' on tap once materials prices come down

The head of the California-based firm talks 2022 outlook, building with timber and his company's above-average vaccination rate.

By Joe Bousquin • Feb. 7, 2022

Construction's union membership remains consistent, as numbers across other industries dip

Union workers earn more in a week than their non-unionized peers, according to new government data. In construction, that pay gap is even wider.

By Zachary Phillips • Feb. 3, 2022

Former Gilbane CEO McKelvy tapped to lead McDermott

Mike McKelvy, who retired from Gilbane on Jan. 7, is stepping into the top spot at the restructured Houston-based energy construction giant.  

By Joe Bousquin • Feb. 3, 2022

Skanska fourth-quarter profit sinks 40% but beats estimates

In an investor call Thursday, CEO Anders Danielsson said the company's U.S. operations are back on track, despite pandemic headwinds.

By Zachary Phillips , Noelle Knox • Feb. 3, 2022

Philly modular builder merges with steel systems maker

Volumetric Building Companies' CEO Vaughan Buckley discusses combining its wood construction tech with Polcom's steel modular system.

By Sebastian Obando • Feb. 2, 2022

DPR manager's advice to women in construction: 'Be yourself'

A proponent of lean construction methods, Taylor Ruth Fowler says collaboration and a shared vision are the keys to a successful project.

By Jennifer Goodman • Feb. 2, 2022

Despite COVID-19 challenges, new Webcor president sees boom times ahead

The San Francisco-based general contractor's new leader talks about labor shortages, supply chain woes and other issues that keep him up at night.

By Sebastian Obando • Jan. 31, 2022

Inflation will persist through 2023 even if pandemic fades, economist says

Long-term trends like high housing demand and tight labor markets will likely fuel inflation into next year, according to the Conference Board.

By Jim Tyson • Jan. 31, 2022

What contractors need to know for the year ahead

While market observers still see plenty of challenges on the horizon, they are optimistic about the new year, this roundup of Construction Dive stories shows.

Jan. 27, 2022