Corporate News: Page 21


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    Biden touts vaccine mandate at Clayco jobsite visit

    The president visited the suburban Chicago data center project to highlight the importance of vaccinated workers in construction and other industries.

    By Oct. 11, 2021
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    Justin Sullivan via Getty Images
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    The top 10 home building companies of 2021

    Residential construction is booming. Here is where it's the hottest and which contractors are cashing in the most.

    By Oct. 11, 2021
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    Contractors lost $1.8 trillion globally in 2020 due to bad data, new report says

    Bad data also may have caused 14% of all rework, accounting for $88 billion in losses, per Autodesk and FMI Consulting's survey.

    By Sept. 22, 2021
  • Adolfson & Peterson unveils special projects division for jobs under $5M

    The new Arizona-based team will specialize in smaller projects in an effort to diversify the company's portfolio and keep bigger jobs on track.

    By Jeffrey Steele • Sept. 21, 2021
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    Permission granted by Clark Construction
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    Clark launches small business inclusion program

    The company is committed to achieving at least 15% small or disadvantaged business participation on all jobs — even those that don't mandate it.

    By Sept. 14, 2021
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    Permission granted by Eddy Perez/Louisiana State University
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    LSU, Louisiana Tech launch infrastructure-focused engineering research center

    The facility will study materials and how they perform in civil projects.

    By Sept. 14, 2021
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    Ahlers, Marvin. Retrieved from Pixabay.
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    Barton Malow launches 'Said Differently' podcast about 'untold stories from the jobsite'

    The Michigan-based construction firm wants to use the project to connect with clients and recruit workers.

    By Sept. 10, 2021
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    Clayco opens Phoenix office

    The design-build firm is opening its second location in the western U.S. to be closer to clients and new talent.

    By Jeffrey Steele • Sept. 1, 2021
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    Richard Pierrin via Getty Images
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    Construction-focused nonprofit responds to Haiti earthquake

    Co-founded by a former Shawmut CEO, Build Health International works in 26 countries to build structurally safe hospitals and healthcare facilities.

    By Aug. 23, 2021
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    Permission granted by Lendlease
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    Construction and COVID-19

    Lendlease CEO says COVID-19 challenges will continue into 2022

    The Australian builder and developer reported a profit for FY 2021, despite dealing with pandemic-related delays, site shutdowns and lower productivity.

    By Aug. 18, 2021
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    Permission granted by Otto Construction
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    Q&A

    Allison Otto takes the helm of family-owned California firm

    Her appointment to CEO of Otto Construction makes it one of the largest woman-operated commercial contractors in Northern California. 

    By Aug. 11, 2021
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    Courtesy of Allegiant Travel Company
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    Allegiant to resume work on $510M Florida resort

    After stopping construction due to the pandemic, Allegiant Travel Company is pressing forward on its Sunseeker Resort near Fort Myers.

    By Aug. 10, 2021
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    Spencer Platt via Getty Images
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    Granite posts revenue gain, awaits federal infrastructure funding

    The California-based contractor is seeing a brisk bid environment while closely watching legislative negotiations on a national infrastructure package. 

    By Aug. 2, 2021
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    Permission granted by James Kim Photography + PC Construction
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    'Get comfortable being uncomfortable:' Panel weighs in on diversity and inclusion in construction

    From setting the rules of engagement to making small, committed changes, experts shared how to take meaningful diversity and inclusion steps.

    By July 28, 2021
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    Sean Gallup via Getty Images
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    Economist: Construction industry resilient despite high prices, pandemic

    “I find it remarkable that so much normalcy has returned to the construction industry,” said Associated Builders and Contractors' Anirban Basu.

    By July 19, 2021
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    Modular firm Nexii acquires Canadian contractor Omicron

    The prefabricated building systems manufacturer has acquired one of the largest design and construction firms in Western Canada.

    By July 14, 2021
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    Zach Gibson via Getty Images
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    Deep Dive

    5 strategies construction firms use to lower their taxes

    From depreciation and carrying forward losses to research and development credits, public contractors rely on an array of tactics to help minimize tax bills.

    By July 8, 2021
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    Jason Kempin via Getty Images
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    Palmisano expands to Nashville

    The New Orleans-based construction firm has opened a Nashville, Tennessee, office to leverage parallels between the two markets.

    By Jeffrey Steele • June 22, 2021
  • McDermott CEO David Dickson resigns

    While the energy giant did not give a reason for Dickson's departure, it announced that its interim CEO is former Bechtel executive Lee McIntire.

    By June 9, 2021
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    DPR employees remember co-founder Doug Woods

    Woods, who helped create the construction company in 1990, died last month at the age of 70.

    By Jeffrey Steele • June 2, 2021
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    Courtesy of Procore
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    Opinion

    Delay provided perfect timing for Procore's $635M IPO

    Stalled by the pandemic, the construction management software firm’s recent initial public offering positions it to take advantage of several positive market factors this year.

    By Dmytro Spilka • May 26, 2021
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    Clayco announces West Coast expansion

    The contractor's new office will provide a home base for executives recently hired from other construction firms including Swinerton, McCarthy and Gilbane.

    By Kim Slowey • May 26, 2021
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    Cate Gillon via Getty Images
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    Balfour Beatty shareholders oppose lack of board diversity

    After acknowledging it hasn't met its own diversity goals for women, the U.K.-based contractor named another man as its incoming chairman. 

    By May 24, 2021
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    Spencer Platt via Getty Images
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    The country's largest construction firms announce earnings

    While revenue, backlog and other markers of financial health varied among these contractors, all reported feeling the effects of the COVID-19 pandemic.

    May 14, 2021
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    Alex Wong via Getty Images
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    Michigan GC sells 50% share to global construction leader

    The CEO of Sorensen Gross said its new partner has a history of building successful construction and real estate companies. 

    By Kim Slowey • May 12, 2021