Corporate News: Page 29


  • 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
  • Trendline

    Top 5 stories from Construction Dive

    Construction Dive editors curate some of the industry’s top stories from this year.

    By Construction Dive staff
  • 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
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    Courtesy of Resorts World Casino New York City/Plaza Construction
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    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
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    Fotolia
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    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 8, 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 7, 2019
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    Retrieved from Autodesk on November 20, 2018
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    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 6, 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 6, 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
  • 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 4, 2019
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    Anayeli Martinez Real
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    Deep Dive

    Women 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 4, 2019
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    Rita Brown
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    Deep Dive

    Women 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 4, 2019
  • Deep Dive

    Women 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 4, 2019
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    Rebecca Severson, Gilbane
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    Deep Dive

    Women 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 4, 2019
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    Peggy Marker
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    Deep Dive

    Women 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 4, 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 1, 2019
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    Fotolia
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    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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    Fotolia
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    Justice Department sues Ohio contractor, sub for fake invoices, kickbacks

    The agency claims that subcontractor Wise Services gifted CB&I AREVA MOX Services employees in order to persuade them to submit about $6.4 million of false invoices on its behalf.

    By Kim Slowey • Feb. 27, 2019
  • Goldman Sachs backs $8M funding round for construction finance startup Rabbet

    Rabbet, formerly Contract Simply, employs software-as-a-service machine learning to more efficiently process construction draw requests.

    By Kim Slowey • Feb. 27, 2019
  • Eniac Ventures leads predictive software startup Briq's $3M seed funding round

    Machine learning and the larger universe of artificial intelligence, such as that used by Briq's platform, have been called "the next frontier" in construction.

    By Kim Slowey • Feb. 27, 2019
  • Kiewit pegged for $5B Louisiana LNG export terminal

    Under the turnkey EPC contract, Kiewit will design, engineer, construct, commission, test and guarantee the Venture Global LNG Inc. facility.

    By Kim Slowey • Feb. 26, 2019