Corporate News: Page 2
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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 -
Foxconn to break ground on $10B Wisconsin factory this summer
The company is aiming to select contractors and put packages out to bid through general contractor Gilbane by the end of May.
By Kim Slowey • March 21, 2019 -
Plaza Construction to lead phase 2 of $400M NYC casino expansion
The segment involves expanding gaming space in the Queens venue and building a 10-story hotel by the end of 2020.
By Kim Slowey • March 14, 2019 -
Matterport raises $48M to expand entry-level 3D imagery tool
As the reality capture firm hones its products to a lower price point, contractors like Mortenson are able to generate immersive virtual environments to overlay with BIM, among other uses.
By Kathleen Brown • March 13, 2019 -
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
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