Corporate News: Page 2
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Top contractors partner with AI firm to prevent jobsite accidents before they happen
By sharing images and project data, Suffolk, JE Dunn, Clayco and more will boost the Smartvid.io AI engine's ability to spot risks, which can cost contractors as much as $36,000 per incident.
By Kathleen Brown • March 13, 2019 -
McDermott impairment charges, project costs result in $2.8B loss in Q4
Despite challenges last year, the industrial contractor has $93 billion in the pipeline and expects to sell a business segment for more than $1 billion.
By Kim Slowey • March 11, 2019 -
Worker claims employer had him arrested based on his reporting of safety concerns
A Department of Labor lawsuit alleges Boston-based Tara Construction facilitated an employee's immigration detention after an injury he reported sparked an OSHA investigation.
By Kim Slowey • March 11, 2019 -
Related, NYC union coalition strike deal
The "historic ... win-win" agreement ends a period of contentious legal action between the developer of the $25 billion Hudson Yards project and the Building and Construction Trades Council of Greater New York.
By Kim Slowey • March 08, 2019 -
Contractor offers to build 234 miles of border wall for $1.4B
Fisher Sand and Gravel claims it could also upgrade paved roads and add security technology and a warranty to its proposal for a total of $4.3 billion.
By Kim Slowey • March 07, 2019 -
Autodesk's record Q4, FY earnings driven by industry digitization, subscriptions
The tech company's $2.6 billion revenue for the year is its highest yet, as more AEC employers than ever seek to digitize workflows with its software.
By Kim Slowey • March 06, 2019 -
3 recent developments in 'constructuring'
By adapting manufacturing's efficiency models to building processes, these initiatives are expanding offsite construction to more, exceedingly complex projects.
By Kathleen Brown • March 06, 2019 -
Bankrupt contractor reaches settlement with FIU bridge collapse victims
If approved in bankruptcy court, Magnum Construction Management will pay up to $42 million to victims of the March 2018 incident and their families.
By Kim Slowey , Kathleen Brown • UPDATED: May 3, 2019 at 9:17 a.m. -
Clark Construction to design, build $250M stadium in San Diego
The 35,000-seat project at San Diego State University represents a fraction of the work being done at the campus and other Southern California institutions.
By Kim Slowey • March 04, 2019 -
Deep DiveWomen in Construction Week: Anayeli Martinez Real blazed the trail to her dream job
The Kiewit manager found success with a panache for problem-solving, a strong work ethic and the courage to put herself out there.
By Amy Howell Hirt • March 04, 2019 -
Deep DiveWomen in Construction Week: Rita Brown turned obstacle to empowerment
Brown, a lifelong construction veteran, rose from the ashes of the Great Recession to start her career afresh and empower an increasingly diverse future generation of women.
By Amy Howell Hirt • March 04, 2019 -
Deep DiveWomen in Construction Week: Kara Lewandowski puts others first while advancing the industry
The assistant project manager at McCarthy is more than willing to share VDC expertise, work-life balance tips and lessons learned from complex projects.
By Kathleen Brown • March 04, 2019 -
Deep DiveWomen in Construction Week: Rebecca Severson shepherds a culture of safety
Drawing on construction and military expertise, Gilbane's safety director steers workers toward a full understanding of risks, championing the message that a jobsite can be incident-free.
By Kathleen Brown • March 04, 2019 -
Deep DiveWomen in Construction Week: Peggy Marker touts the industry's small but strong sisterhood
Women in the industry should take advantage of the knowledge and expertise of other women, the Marker Construction president said, noting that the "sisterhood" represents not competition, but advocacy.
By Kim Slowey • March 04, 2019 -
Musk almost ready to unveil new tunneling machine
The Boring Co. founder said the Line-Storm, reportedly able to dig continuously as opposed to the 10 minutes per hour current machines operate, could be ready in as little as a month.
By Kim Slowey • March 01, 2019 -
Former Arkansas construction exec sentenced to 3 years prison for bank fraud
Matthew Beasley, former president of contractor Cobas Inc., submitted fake invoices to his bank in order to be able to draw on a business line of credit.
By Kim Slowey • Feb. 28, 2019 -
Justice Department sues Ohio contractor, sub for fake invoices, kickbacks
The agency claims that subcontractor Wise Services gifted CB&I AREVA MOX Services employees in order to persuade them to submit about $6.4 million of false invoices on its behalf.
By Kim Slowey • Feb. 27, 2019 -
Goldman Sachs backs $8M funding round for construction finance startup Rabbet
Rabbet, formerly Contract Simply, employs software-as-a-service machine learning to more efficiently process construction draw requests.
By Kim Slowey • Feb. 27, 2019 -
Eniac Ventures leads predictive software startup Briq's $3M seed funding round
Machine learning and the larger universe of artificial intelligence, such as that used by Briq's platform, have been called "the next frontier" in construction.
By Kim Slowey • Feb. 27, 2019 -
Kiewit pegged for $5B Louisiana LNG export terminal
Under the turnkey EPC contract, Kiewit will design, engineer, construct, commission, test and guarantee the Venture Global LNG Inc. facility.
By Kim Slowey • Feb. 26, 2019 -
AECOM shareholders maintain board members despite investor complaints
Stockholders approved all of the company's nominees to the board of directors despite a missive from investor Engine Capital last month that claimed there were flaws in management and compensation practices.
By Kim Slowey • UPDATED: March 14, 2019 at 9:43 a.m. -
$12B Texas bullet train construction could start this year
Texas Central Partners is pressing on with the Dallas-to-Houston line and will appeal a court ruling that denied it railroad designation and land rights.
By Kim Slowey • Feb. 22, 2019 -
New York contractor pleads guilty to minority fraud
The Erie County District Attorney's office said that Nichter Construction falsely stated that it had met the minority contracting requirements on a state project.
By Kim Slowey • Feb. 22, 2019 -
Tutor Perini wins $1.4B Los Angeles Purple Line Section 3 contract
Pending federal funding, the contractor and partner O&G Industries will design and build 2.6 miles of rail and two stations for operation by 2026.
By Kim Slowey • Feb. 21, 2019 -
Cal/OSHA cites Shimmick, Con-Quest $65K in tunnel death
The accident led the San Francisco Municipal Transportation Agency to require bidding contractors to submit more detailed safety plans.
By Kim Slowey • Feb. 21, 2019
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