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 Jennifer Goodman • Aug. 23, 2021

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 Jennifer Goodman • Aug. 18, 2021

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 Jennifer Goodman • Aug. 11, 2021

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 Matthew Thibault • Aug. 10, 2021

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 Joe Bousquin • Aug. 2, 2021

'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 Matthew Thibault • July 28, 2021

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 Matthew Thibault • July 19, 2021

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 Jennifer Goodman • July 14, 2021

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 Joe Bousquin • July 8, 2021

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 Jennifer Goodman • June 9, 2021

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

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

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

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 Joe Bousquin • May 24, 2021

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

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

AECOM revenue steady as company anticipates a boom in civil work

Despite a 5% decrease in backlog, the company's construction management division won about $900 million of new work in the quarter.

By Jennifer Goodman • May 12, 2021

Jacobs' Q2 revenue holds steady at $3.5B

The company is one of the contractors expecting to benefit from the work that will likely be generated by government stimulus plans. 

By Kim Slowey • May 11, 2021

Tutor Perini CEO sees "tremendous amount" of infrastructure opportunity

The Los Angeles-based contractor announced $1.2 billion in first-quarter revenue yesterday, and said that its construction division income was boosted by several high-margin civil projects.

By Kim Slowey • May 6, 2021

Skanska reports Q1 revenue decrease, uptick in construction profitability

CEO Anders Danielsson said the company anticipates long lead times on U.S. federal infrastructure projects.

By Kim Slowey • May 3, 2021

AECOM launches ESG strategy

The company announced details today of its net-zero carbon goals that include decarbonizing fleet vehicles, partnering with suppliers and a 50% reduction in business travel.

By Jennifer Goodman • April 26, 2021

Construction's 40 under 40: 8 standout heroes of 2020

Learn how these eight construction team members tackled new challenges with innovative thinking, determination and resiliency.

April 12, 2021

Bechtel's 2020 revenue falls 19%

The multinational contractor's backlog and new awards also declined, as COVID-19 created "the toughest challenge in the company's history," CEO Brendan Bechtel said.

By Jennifer Goodman • April 5, 2021

Chevron cuts off funding for Canadian LNG project

Fluor holds the construction contract for the project, which includes the 293-mile Pacific Trail Pipeline and a natural gas liquefaction facility.

By Kim Slowey • March 25, 2021