Corporate News: Page 12

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    guvendemir via Getty Images
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    Sponsored by Merchants Bonding Company

    Caution: Red flags are flying

    What are the operational ‘red flags’ sureties see contributing to the severity of contractors’ claims and losses? 

    By Jay Farley, Vice President, Claims Manager • Sept. 11, 2023
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    qingwa via Getty Images
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    Fluor pays $14.5M to settle SEC accounting charges

    The Irving, Texas-based construction company neither admitted to nor denied the allegations stemming from two large scale, fixed price construction projects, according to a company statement.

    By • Sept. 8, 2023
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    Retrieved from Tennessee Titans on August 16, 2023
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    August Project Wins: Contractors report their latest awards

    Construction Dive rounds up the newest jobs won by some of the country’s biggest builders.

    By Construction Dive Staff • Sept. 5, 2023
  • A headshot shows Kitchell CEM president Don Haase in casual business attire.
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    Courtesy of Kitchell
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    Executive Moves

    Kitchell picks new president for Sacramento construction management unit

    Don Haase will lead the 330-employee division and fills the vacancy left by Wendy Cohen, who is now the company's CEO.

    By • Aug. 31, 2023
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    Courtesy of Rosendin
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    Executive Moves

    Rosendin picks new CEO, CFO for succession plan

    Two long-time company vets will enter the C-suite at the employee-owned electrical contractor, with another slotted to take over its West region.

    By • Aug. 29, 2023
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    Courtesy of Texas DOT
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    Executive Moves

    WSP names Texas transportation leader

    The Montreal-based global infrastructure builder tapped Stephanie Messerli, who has worked extensively on large-scale projects in the state, most recently for Jacobs.

    By • Aug. 28, 2023
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    Permission granted by Clayco
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    Q&A

    Clayco appoints new healthcare VP for California

    Former DPR exec Lucy Villanueva will leverage her decades of experience developing large-scale hospital projects throughout the state.

    By • Aug. 21, 2023
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    The image by PunkToad is licensed under CC BY 2.0
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    Executive Moves

    Jay Badame leaves AECOM

    The executive worked for the Dallas-based global contractor for 40 years and recently headed its construction management business.

    By • Aug. 16, 2023
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    Designer491 via Getty Images
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    SEC cyber rule opens can of worms over insurance coverage

    Required disclosures could prompt more lawsuits as plaintiffs leverage what companies file with the agency, driving an increase in insurance exclusions, industry experts say.   

    By Robert Freedman • Aug. 16, 2023
  • A rendering of a hotel property set to break ground at Hemisfair in San Antonio
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    Permission granted by Hemisfair Park Area Redevelopment Corporation
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    Curio Collection by Hilton hotel to break ground in San Antonio

    The property, located near major attractions and one of the city’s largest convention centers, will cater to an influx of leisure and business travelers. 

    By Jenna Graber • Aug. 16, 2023
  • U.S. President Joe Biden stands between two rail cars in front of a red, white and blue flag that reads, "Hudson Tunnel Project."
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    Michael M. Santiago via Getty Images
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    Federal money buoys construction, engineering firms

    More than 36,000 transportation improvement projects have advanced due to the IIJA, according to the American Road and Transportation Builders Association.

    By Dan Zukowski • Aug. 15, 2023
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    Courtesy of Port of Seattle
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    AECOM reports Q3 loss despite higher revenue

    The CEO of the Dallas-based firm said inflation has increased costs for delivering infrastructure projects, but prices are beginning to stabilize.

    By • Aug. 9, 2023
  • Aerial view of the Midland Water Pollution Control Plant expansion
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    Courtesy of Jacobs Solutions
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    Jacobs’ profits drop on higher revenues

    The company attributed its top-line growth to strong momentum from trends such as critical infrastructure, water scarcity, energy transition and onshoring.

    By • Aug. 9, 2023
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    JaysonPhotography via Getty Images
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    Tutor Perini’s losses narrow on improved revenue

    The contractor said it was putting the challenges of COVID-19 behind it, with more bidding opportunities lined up for the rest of the year.

    By • Aug. 8, 2023
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    Permission granted by Fluor
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    Fluor posts $61M profit, boosts backlog

    “Results were better and cleaner than recent quarters, and the net drama is much less,” said Andrew Wittmann, senior research analyst at Milwaukee-based financial services company Baird.

    By • Aug. 4, 2023
  • Construction of Vogtle Nuclear Plant Unit 4
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    Courtesy of Bechtel
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    Project Milestones

    $30B Bechtel-built nuclear plant starts operation in Georgia

    The contractor took over work in 2017 to complete the first new atomic power unit built in the U.S. in more than 30 years.

    By • Aug. 3, 2023
  • The inside of a stadium is being built. Workers are putting together the floor for a basketball court, and seats rise up around it. Equipment and material litters the floor.
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    "The interior of the Chase Arena in San Francisco, under construction on May 23, 2019. Photo by Jim Heaphy." by Cullen328 is licensed under CC BY-SA 3.0
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    Rosendin opens Boise, Idaho, office amid rising tech demand

    The electrical subcontractor wants to capitalize on high-tech infrastructure expansion in the area.

    By • Aug. 1, 2023
  • Porsche logo is displayed during the first press day at the 89th Geneva International Motor Show on March 5, 2019 in Geneva, Switzerland
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    Robert Hradil/Getty Images via Getty Images
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    Porsche eyes $3.3B EV battery plant in US

    The German luxury carmaker is weighing options at home and in the U.S. and Canada for its planned factory.

    By • July 28, 2023
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    hapabapa via Getty Images
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    Granite posts Q2 loss amid record backlog

    The California contractor lowered its guidance but sees more IIJA dollars ahead.

    By • July 28, 2023
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    milehightraveler/iStock/Getty Images Plus via Getty Images
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    Executive Moves

    Colorado’s CFC Construction names new president

    The firm, acquired in 2022 by Salt Lake City, Utah-based Big D Construction, has continued to operate independently with its own local management.

    By • July 28, 2023
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    Courtesy of Northwestern Mutual
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    July 2023 Project Wins: The country’s top contractors report their latest awards

    Construction Dive rounds up the newest project wins from some of the biggest builders.

    By Construction Dive Staff • July 27, 2023
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    lamontak590623 via Getty Images
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    Executive Moves

    Mycon promotes 2 to vice president

    Chip Myers and Jason Meuth will help lead the company’s Southeast expansion and development of business around automation.

    By • July 26, 2023
  • Photo of modules at the LNG Canada project in Kitimat, British Columbia, Canada.
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    Courtesy of Business Wire
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    Project Milestones

    Fluor hits milestone on $30B Canadian energy project

    The LNG Canada job in Kitimat, British Columbia, employs modules fabricated in China.

    By • July 25, 2023
  • A rendered picture of a modern, chic office lounge. It's an open concept lounge with a nice white table in the center, and a little bar to the left of the photo. Natural light fills the room.
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    Courtesy of Swinerton
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    Swinerton strengthens Atlanta foothold with new exec, office expansion

    The company expects its Atlanta division to top $150 million in revenue, a 130% increase year over year.

    By • July 25, 2023
  • Headshot of Wendy Cohen
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    Permission granted by Kitchell
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    Q&A

    New CEO sees strength in Kitchell’s diverse offerings

    With four operating companies and a nearly 75-year history, the Southwest firm is poised to take on new opportunities, said Wendy Cohen.

    By • July 20, 2023