Corporate News

Balfour Beatty Communities faces new scrutiny for military housing as parent company wins DOD contract

A Senate subcommittee report alleged untreated mold growth, cracked floor tiles held together by packing tape and broken appliances.

By Leslie Shaver • May 18, 2022

Clark announces expansion in mid-Atlantic

The country's 13th largest contractor will add office space in Virginia and Maryland this year to help expand its regional footprint.

By Jennifer Goodman • May 17, 2022

The top 10 residential builders of 2022

Dallas, Texas-based D.R. Horton remains at the top of the list for the 20th year in a row with 81,981 homes closed last year.

By Mary Salmonsen • May 16, 2022

WSP beats earnings expectations, maintains guidance

The Canadian contractor saw strong backlog growth in the first quarter and said its 2022 plans already account for inflation. 

By Julie Strupp • May 13, 2022

Ikea to invest more than $3B in stores

Ikea's largest franchisee, Ingka Group, will work to update its physical locations across 32 markets to support the retailer's online operations.

By Caroline Jansen • May 12, 2022

Bechtel launches division targeting manufacturing, tech

The company's former CFO, Catherine Hunt Ryan, will lead the new unit that eyes markets such as semiconductors, electric vehicles and data centers.

By Sebastian Obando • May 11, 2022

AECOM earnings rise, shares fall on maintained guidance

The Dallas-based contractor posted higher profits and slightly lower revenue for the first three months of 2022, but investors flinched when it didn't raise guidance for the rest of the year. 

By Joe Bousquin • May 10, 2022

Shawmut expands in Florida amid growing demand

The West Palm Beach location is the company’s second South Florida office and its 11th nationwide.

By Matthew Thibault • May 10, 2022

Revenue, backlog drop but Fluor maintains guidance

The Texas-based global contractor continues to reduce its outstanding debt, but past declines in oil prices and lockdowns in China weigh on its operations.

By Sebastian Obando • May 9, 2022

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.

By Joe Bousquin • May 5, 2022

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.

By Sebastian Obando • May 4, 2022

New Industry Lab drives construction innovation

Join us to turn construction ideas into innovations at the Oracle Industry Lab.

May 2, 2022

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.

By Julie Strupp • April 29, 2022

Top firms land new infrastructure, government deals

Companies such as AECOM and WSP have recently pulled in big-ticket contracts including work for NASA, the Navy and the Department of Energy.

By Jeffrey Steele • April 22, 2022

LeChase Construction acquires Albany, New York, contractor

The procurement of Sano-Rubin Construction Services will allow LeChase to pursue a wider range of projects including healthcare, education, hospitality and multifamily.

By Matthew Thibault • April 19, 2022

ABC's Young Professional of 2022: Attitude more valuable than skill

Honoree Luke Perry, vice president at Perry Contracting, spoke to Construction Dive about getting the next generation of workers excited about the trades.

By Zachary Phillips • April 11, 2022

Hurry Up and Wait: Bid bond claims arising from a delayed award

Bid bonds protect project owners against the cost of rebidding a project if the low bidder does not accept the contract. But what if the owner's delays in selecting a contractor are the catalyst for the claim?

By Gina Lockwood, Director of Claims, Merchants Bonding Company • April 11, 2022

Contech companies' revenue booms amid pandemic, supply chain issues

Firms of all sizes have prospered since COVID-19 challenges pushed contractors toward wider tech adoption.

By Matthew Thibault • April 6, 2022

Like it or not, you're leaving a legacy: How AEC leaders can impact clients and workforce

What is an AEC legacy? Whether you plan on retiring, selling or merging, your legacy is unavoidable.

March 28, 2022

The Partner Elevation Pledge: Embracing a new mindset and a new way of working collaboratively with contracting partners

Highwire (formerly ConstructSecure) has launched The Partner Elevation Pledge: a commitment to embracing a new mindset and a new way of working collaboratively with contracting partners.

March 28, 2022

Dig-ney World? Construction machinery amusement park opens in Texas

Dig World's founder hopes the park, where kids can operate real construction equipment, will draw them to the profession.

By Julie Strupp • March 22, 2022

Amazon is slowing its fulfillment center spend. What's next?

Heightened demand put Amazon's distribution buildout into overdrive. To speed up delivery and limit costs, it will have to invest more.

By Max Garland • March 18, 2022

WSP ends year with better-than-expected profits, record-high backlog

The Canada-based global construction giant sees growing demand in its core sectors of transportation, infrastructure and urban building.

By Julie Strupp , Noelle Knox • March 10, 2022

Lendlease launches $500M JV in life sciences industry

The Americas general manager of the company's life science construction group discusses its new partnership, trends and challenges for 2022.

By Sebastian Obando • March 3, 2022

Public construction firms announce earnings

Several of these industry giants reported losses in their most recent financial periods while others saw profits fall.

March 1, 2022