Corporate News: Page 2
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On $97M quarterly loss, Granite Construction shifts to smaller projects
Disputes on recent multi-billion-dollar projects in the firm's heavy civil sector have caused Granite to re-evaluate its project delivery methods and its role in P3 contracts and JVs.
By Jenn Goodman • Aug. 03, 2019 -
Elon Musk's The Boring Co. raises $120M
Adding to the $113 million it raised last year, the infusion signals continued interest from outside investors in fueling the tunnel-drilling and transportation tech firm's current and proposed projects.
By Anying Guo • July 30, 2019 -
Caterpillar had to raise prices in light of tariffs last quarter
The steel and aluminum tariffs imposed in 2018 cost the construction equipment manufacturer an extra $70 million in the second quarter, making it hard to maintain margins.
By Shefali Kapadia • July 26, 2019 -
Consigli acquires T.G. Nickel
T.G. Nickel, a New York-based firm behind some of the highest-profile renovations and projects along the East Coast, will be rebranded July 1 as Consigli, a $1.6 billion company.
By Kim Slowey • June 27, 2019 -
Skanska chief says no more big write-downs: Bloomberg
One of the firm's ongoing strategies is to be more selective about the type of work it takes on.
By Kim Slowey • June 20, 2019 -
ENR's Top 400 2019: Bechtel holds No. 1 in market growth streak
Nearly 69% of the contractors participating in the list increased revenue in 2018 compared to a year prior.
By Kathleen Brown • May 24, 2019 -
OpinionThe top 10 reasons contractor succession planning has evolved
Societal and economic forces like the labor shortage and the rise of technology have changed the way construction business owners plan their next steps.
By Wayne Rivers • May 21, 2019 -
Hard hats to helmets: How Skanska, Clark are improving workers' last line of defense
Traditional hard hats account for falling objects, not falling workers. Some general contractors are providing a more effective layer of protection.
By Kathleen Brown • May 20, 2019 -
Martin-Harris/Turner recommended for final phase of $1.4B Las Vegas Convention Center project
The team beat out AECOM Hunt, The Penta Building Group and others competing for the construction manager at risk contract.
By Kim Slowey • May 13, 2019 -
12 contractors shortlisted for $5B of border wall contracts
The Army Corps of Engineers authorized the firms to bid on design-build and design-bid-build contracts for barriers, access roads, levee walls and more.
By Kim Slowey • May 13, 2019 -
InsiteVR integrates with Autodesk BIM 360 for immersive modeling
The virtual reality tool, which allows users from any location to collaborate on a design, is the latest to pair with Autodesk's construction management hub.
By Kathleen Brown • May 08, 2019 -
Fluor CEO steps down, company reports $58M Q1 net loss
Carlos Hernandez became Fluor's interim CEO in place of David Seaton as the firm entered the new quarter with a $39.3 billion backlog.
By Kim Slowey • May 07, 2019 -
Jacobs Engineering tops ENR's 2019 design firm rankings
The AEC powerhouse claimed the top spot for the second year running in a field where "technology now is the price of entry."
By Kathleen Brown • May 01, 2019 -
Built Robotics, Sunstate deal brings more self-driving vehicles to the jobsite
Part of Sunstate Equipment Co.'s fleet will be outfitted with Built's kit to expand contractors' access to autonomous technology, the companies say.
By Kathleen Brown • May 01, 2019 -
Construction, engineering M&As hit record in 2018: FMI
Companies are focused on growing while the economy remains strong and expanding tech capabilities as a differentiator against tough competition.
By Kathleen Brown • May 01, 2019 -
Skender, Z Modular strike deal to manufacture multifamily components
Skender says Z's all-steel VectorBloc system will allow it to stack units higher, accelerate construction by 40% and lower project costs by up to 15%.
By Kim Slowey • April 26, 2019 -
Foxconn releases first bid packages for $10B Wisconsin plant
Bid packages for excavation, concrete work, materials testing and more are due to general contractor Gilbane | Exyte next month.
By Kim Slowey • April 18, 2019 -
UpCodes building code database draws ICC ire
The startup says its searchable platform gives users "free, unfettered access" to law. The International Code Council's copyright suit claims damages to its revenue model.
By Kathleen Brown • April 17, 2019 -
Contractor picked for $1.6B part of Florida DOT work Astaldi defaulted on
The surety company awarded SEMA Construction Inc. of Colorado Section 7A of the Wekiva Parkway stretch.
By Kim Slowey • UPDATED: June 4, 2019 at 8:58 a.m. -
Tutor Perini denies fault in Central Subway project delays
Setbacks on the $1.6 billion line can be attributed to the San Francisco Municipal Transit Authority's design errors, the general contractor said.
By Kim Slowey • April 16, 2019 -
The simple safety tweak to boost engagement, competition
AGC conference speakers showed how phones can be paired with interactive Q&A sessions to derive more value from typically blasé safety briefings.
By Kathleen Brown • April 08, 2019 -
Denver starts new bidding process for $233M convention center expansion
The city is looking for a new design-build team after an employee of former manager Trammell Crow allegedly leaked information to bidder Mortenson.
By Kim Slowey • April 08, 2019 -
3 technologies behind Skiles Group's lean transformation
The COO touted the rewards of experimenting with ways to build better and more efficiently, sharing tools that help his firm save time and track KPIs.
By Kathleen Brown • April 03, 2019 -
Foxconn awards 5 Wisconsin firms contracts for ancillary work on $10B factory
The Taiwanese tech giant said the local companies will start immediately on $34 million worth of contracts to install support roads and utilities.
By Kim Slowey • March 29, 2019 -
Skanska 'unlikely' to hit target operating margin in 2019, 2020
It hasn't hit 3.5% since 2014, but by being more selective about the types of construction projects it bids on, the Swedish firm said its backlog is “trending downward to a healthier base."
By Kim Slowey • March 25, 2019
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