Corporate News: Page 2
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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 -
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
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