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Finance - Featured Headline
U.K. Invites Chinese Contractors To Build Infrastructure Projects
The U.K. government has invited Chinese firms to bid for up to $18 billion of work on the planned London to Birmingham high-speed railroad.

Courtesy HS2 Ltd.

Florida Board Approves Bonds for $2.5-Billion Rail Line
Project opponents believe that All Aboard Florida will have difficulty selling the bonds due to the rail line's economics.

Image Courtesy All Aboard Florida

More News
10/01/15 Construction Aug. Spending Edges Up from July, Soars Year Over Year

Value of finished construction increases 0.7% month to month, but jumps 13.7% from year-earlier rate.
09/22/15 August's Construction Starts Fall from July, But Are Up from 2014

Residential, nonresidential and nonbuilding projects all posted month-to-month declines, Dodge Data & Analytics said.
09/04/15 WorleyParsons' Troubles Are Latest To Strike Australian Firms

Oil and gas slowdown hits the big Australian company hard with loss on operations and layoffs.
09/01/15 Construction Spending Jumps in July from Year-Earlier Total

Projects' value rises 13.7% year over year to $1.08 trillion annual rate and also is up 0.7% from June.
08/24/15 July Construction Starts Unchanged Over June

Total construction starts held steady in July, but market overall is up compared to 2014.
08/12/15 What Countries Stand as Strongest Supply-Chain Links?

FM Global’s resiliency index shows which countries could be the weak link in a supply chain.
08/05/15 Despite a Rough June, Starts Are Up 23% for the Year

New construction starts in June dropped 15% from the previous month, according to Dodge Data & Analytics.
08/03/15 Construction Spending Up Slightly in June But Soars From 2014

Commerce Dept. reports volume up a tiny 0.2% from May, but gains 12% from June 2014 total.
07/29/15 Little Known About Cause of Tradeco Texas Road Project Defaults

Weeks after defaulting on five Texas road projects, the root causes remain unclear about hy Tradeco is off the jobs.
07/29/15 Bahamian Government Blocks Resort Developer's U.S. Bankruptcy

The Bahamian government is seeking to take control over the resort developer's bankruptcy proceedings.
07/29/15 Report: International Disputes Lasting Longer, Costing More

Arcadis' annual report shows a deterioration, with disputes involving greater sums and taking longer to resolve.
07/22/15 Construction's June Starts Drop From May, First-Half Results Are Up

Dodge Data & Analytics says month-to-month comparison is skewed by huge LNG project launched in May.
07/21/15 Contractor, Bahamian Government Fight Resort Developer Bankruptcy

The latest courtroom maneuvers are occurring even as the contractor and developer participate in negotiations aimed at restarting construction of the $3.5-billion Baha Mar project.
07/15/15 ENR Survey: The Clients and Clauses That Companies Avoid

A new ENR survey finds that designers and contractors often try to steer clear of developers, condominium projects and clauses that open them to unlimited liability.
07/15/15 Financial Managers See the Rewards of Giving and Getting

At the Construction Financial Management Association’s record-turnout annual conference, Chairman J. Brad Robinson said this year’s conference theme, “The Power of One,” was inspired by the “singular, powerful moments” when you invest time in someone else or benefit from someone else’s investment in you.
07/08/15 Bankruptcy Brings Nearly Completed Resort Project to a Halt

With the project at 97% completion, the Bahamas-based developer seeks protection from creditors and puts the blame on the contractor, China Construction America.
07/01/15 Construction's May Spending Up Slightly, Posts Strong Year-Over-Year Gain

May's total ticks up only 0.8% from April but rises 8.2% from year-earlier level.
06/19/15 Construction Starts Up 3% in May, Dodge D&A Reports

Major new projects in electric power and natural gas industries give construction volume a boost.
06/15/15 World Bank: Brazil Tops Infrastructure Project Spending

Public-private financing for transportation, energy and water infrastructure rose 6% last year, but remained well below the total for 2012.
06/10/15 World Bank: 2014 Public-Private Infrastructure Investment Totals $107.5B

Brazil's investment ranked highest among 139 low- and middle-income countries, at $44.2 billion.
06/08/15 How Much Debt is Too Much for Chinese Developer?

With the Chinese economy slowing, Greenland Group is building some of the biggest projects in the U.S.
06/04/15 Chinese Construction Industry Association Explains Silk Road Program

Multibillion-dollar infrastructure effort will link Asia, Africa and Europe.
06/01/15 Construction Spending Up in April from March and Year-Earlier Levels

Commerce Dept. says construction spending totaled just over $1 trillion, a 2.2% increase from March and up 4.8% year-over-year.
05/21/15 Megaprojects Help Boost April Construction Starts, Dodge Data & Analytics Says

Volume of new projects climbed 10% from March, but declined 3%, when major projects are excluded.
05/19/15 Builders' $26.5M Settlement Will Rebuild College's Collapsed Garage

Builders of a Miami Dade College parking garage that partially collapsed during construction have agreed to a $26.5-million settlement that will completely rebuild the 520,000-sq-ft structure.
05/01/15 Construction March Spending Up 2% From Year-Earlier Level

But Census Bureau also says value of finished construction declined 0.6% from February's annual rate.
04/21/15 Construction Starts Fall 13% in March, Dodge Data & Analytics Says

If megaprojects' figures are excluded, March showed a 4% uptick from the previous month.
04/14/15 Entrepreneurs Hope To Bring Crowdfunding To P3 Projects

InfraShares will let individual investors contribute to public works.
04/01/15 Construction Spending Up 2.1% in Feb., from Year-Earlier Level

Annualized value of finished projects in February also slipped a slight 0.1% from January's rate.
03/25/15 Up North in Alaska, a Development Showdown

?Alaska's governor squares off against contractors and lawmakers over controversial and costly mega-projects.
03/11/15 Subcontractor Default Claim Lands in Sand Trap

Does Arch have sound reasons for refusing a $32-million New York beach project payout?
03/11/15 The Complications of Late-Contract Terminations

Two recent terminations by state DOTs at 80% involved claims for sureties to finish the work.
03/05/15 Modular Hospital Triumph Generates Potentially Costly Trouble

A Dayton hospital addition hailed for modular techniques had a Legionella outbreak, and the hospital required architect NBBJ to insure it.
03/02/15 Construction Spending Up 1.8% in January From Year-Earlier Level

Commerce Dept says public-sector construction increased 5.1% and private construction edged up 0.5%
02/03/15 Construction Spending Climbs 5.6% in 2014

Residential, power, commercial, office, highway sectors rose; health care was down.
01/28/15 ABC's Construction Backlog Indicator for the Third Quarter of 2014

Nonresidential building contractors see backlogs expand.
01/28/15 Bankrupt Apple Supplier Leaves Construction Firms Unpaid

When an advanced materials company outfitted a new plant in Mesa, Ariz. to sell glass to Apple, the company seemed solid.
01/21/15 Construction Week: Tower Cranes as Market Indicator; Record Number of High-Rises Completed in 2014

Rider Levett Bucknall Counting Cranes as a Leading Market Indicator.
01/20/15 Coming Soon: More Drone Insurance Options

Contractors and engineers that are using drones soon may be able to buy standardized insurance coverage from a greater number of insurers.
01/14/15 Contractor Seeks Bankruptcy After Union Pension Fund Judgment

A Tennessee masonry contractor's filing is connected to the company's withdrawal from a plan agreement with a bricklayers' local.
01/14/15 Dodge Momentum Index at Highest Level Since Early 2009

Nonresidential building planning end 2014 up 17% over a year ago.
01/13/15 Swanke Hayden Connell Files for Bankruptcy Protection

A high-profile design practice with a glittering portfolio of projects, had dwindled to a small operation.
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