Corporate News

Clark launches small business inclusion program

The company is committed to achieving at least 15% small or disadvantaged business participation on all jobs — even those that don't mandate it.

By Jennifer Goodman • Sept. 14, 2021

LSU, Louisiana Tech launch infrastructure-focused engineering research center

The facility will study materials and how they perform in civil projects.

By Matthew Thibault • Sept. 14, 2021

Barton Malow launches 'Said Differently' podcast about 'untold stories from the jobsite'

The Michigan-based construction firm wants to use the project to connect with clients and recruit workers.

By Julie Strupp • Sept. 10, 2021

Clayco opens Phoenix office

The design-build firm is opening its second location in the western U.S. to be closer to clients and new talent.

By Jeffrey Steele • Sept. 01, 2021

Construction-focused nonprofit responds to Haiti earthquake

Co-founded by a former Shawmut CEO, Build Health International works in 26 countries to build structurally safe hospitals and healthcare facilities.

By Jennifer Goodman • Aug. 23, 2021

Lendlease CEO says COVID-19 challenges will continue into 2022

The Australian builder and developer reported a profit for FY 2021, despite dealing with pandemic-related delays, site shutdowns and lower productivity.

By Jennifer Goodman • Aug. 18, 2021

Q&A

Allison Otto takes the helm of family-owned California firm

Her appointment to CEO of Otto Construction makes it one of the largest woman-operated commercial contractors in Northern California. 

By Jennifer Goodman • Aug. 11, 2021

Allegiant to resume work on $510M Florida resort

After stopping construction due to the pandemic, Allegiant Travel Company is pressing forward on its Sunseeker Resort near Fort Myers.

By Matthew Thibault • Aug. 10, 2021

Granite posts revenue gain, awaits federal infrastructure funding

The California-based contractor is seeing a brisk bid environment while closely watching legislative negotiations on a national infrastructure package. 

By Joe Bousquin • Aug. 02, 2021

'Get comfortable being uncomfortable:' Panel weighs in on diversity and inclusion in construction

From setting the rules of engagement to making small, committed changes, experts shared how to take meaningful diversity and inclusion steps.

By Matthew Thibault • July 28, 2021

Economist: Construction industry resilient despite high prices, pandemic

“I find it remarkable that so much normalcy has returned to the construction industry,” said Associated Builders and Contractors' Anirban Basu.

By Matthew Thibault • July 19, 2021

Modular firm Nexii acquires Canadian contractor Omicron

The prefabricated building systems manufacturer has acquired one of the largest design and construction firms in Western Canada.

By Jennifer Goodman • July 14, 2021

Deep Dive

5 strategies construction firms use to lower their taxes

From depreciation and carrying forward losses to research and development credits, public contractors rely on an array of tactics to help minimize tax bills.

By Joe Bousquin • July 08, 2021

Palmisano expands to Nashville

The New Orleans-based construction firm has opened a Nashville, Tennessee, office to leverage parallels between the two markets.

By Jeffrey Steele • June 22, 2021

McDermott CEO David Dickson resigns

While the energy giant did not give a reason for Dickson's departure, it announced that its interim CEO is former Bechtel executive Lee McIntire.

By Jennifer Goodman • June 09, 2021

DPR employees remember co-founder Doug Woods

Woods, who helped create the construction company in 1990, died last month at the age of 70.

By Jeffrey Steele • June 02, 2021

Opinion

Delay provided perfect timing for Procore's $635M IPO

Stalled by the pandemic, the construction management software firm’s recent initial public offering positions it to take advantage of several positive market factors this year.

By Dmytro Spilka • May 26, 2021

Clayco announces West Coast expansion

The contractor's new office will provide a home base for executives recently hired from other construction firms including Swinerton, McCarthy and Gilbane.

By Kim Slowey • May 26, 2021

Balfour Beatty shareholders oppose lack of board diversity

After acknowledging it hasn't met its own diversity goals for women, the U.K.-based contractor named another man as its incoming chairman. 

By Joe Bousquin • May 24, 2021

The country's largest construction firms announce earnings

While revenue, backlog and other markers of financial health varied among these contractors, all reported feeling the effects of the COVID-19 pandemic.

Michigan GC sells 50% share to global construction leader

The CEO of Sorensen Gross said its new partner has a history of building successful construction and real estate companies. 

By Kim Slowey • May 12, 2021

AECOM revenue steady as company anticipates a boom in civil work

Despite a 5% decrease in backlog, the company's construction management division won about $900 million of new work in the quarter.

By Jennifer Goodman • May 12, 2021

Jacobs' Q2 revenue holds steady at $3.5B

The company is one of the contractors expecting to benefit from the work that will likely be generated by government stimulus plans. 

By Kim Slowey • May 11, 2021

Tutor Perini CEO sees "tremendous amount" of infrastructure opportunity

The Los Angeles-based contractor announced $1.2 billion in first-quarter revenue yesterday, and said that its construction division income was boosted by several high-margin civil projects.

By Kim Slowey • May 06, 2021

Skanska reports Q1 revenue decrease, uptick in construction profitability

CEO Anders Danielsson said the company anticipates long lead times on U.S. federal infrastructure projects.

By Kim Slowey • May 03, 2021