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Finance - Featured Headline
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.

Photo courtesy Miami Dade College

Up North in Alaska, a Development Showdown
?Alaska's governor squares off against contractors and lawmakers over controversial and costly mega-projects.

Photo by AP Wideworld

More News
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.
05/01/15 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.
03/11/15 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.
12/02/14 Turner Rolls Out Early Payment Program for Subcontractors

Developed with Textura, contractors may now opt for accelerated payments in exchange for a small fee to improve cash flow.
11/18/14 G-20 Launches Infrastructure Initiative and 'Hub'

Hub organization, to be based in Sydney, is to coordinate and facilitate the infrastructure program.
11/18/14 To Cope With a Complex World, Broker Defines the New Risk Pro

Risk professionals and brokers, the Willis chief executive said, must assess operational risks in P3s, supply chain and cyber theft, as well as new carriers and underwriters entering the market.
11/12/14 Construction Plans Get Under Way After Voters Okay Most Large Bond Issues

Parched California will get a $7.5-billion water refreshment, but a $600M rail initiative in Austin, Texas and several big school funding measures in other states failed to pass.
11/12/14 2015 Forecast: Recovery Turns From Tentative to Solid

Dodge forecasts a 9% increase in construction starts next year.
11/06/14 Dodge Forecasts 9% Rise in Construction Starts in 2015

After steady growth in 2014, starts will gain next year from more work in residential, commercial and institutional sectors, says Dodge Data & Analytics.
11/05/14 Kilgore's Conundrum: Should We Spend for Surety Guarantees?

Costs were a prime consideration for the small town in east Texas as it weighed expenses for an important recreational facility.
11/03/14 Construction Dips in September from August Level, But Up From 2013

Private and public construction sectors slipped from August levels but posted year-over-year gains.
10/29/14 How Will XL and BMO Harris Bank Cover Truland Losses?

Lawyers for the surety and the Trulands debate whether Robert Truland’s retirement accounts can be tapped to cover claims
10/22/14 Creditors: Truland Group Owner Owes Us $30 Million

BMO Harris Bank makes the biggest claim against the bankrupt electrical subcontractor, which filed a list of biggest creditors for the first time since shutting down July 31.
10/22/14 State Voters Will Weigh Water, Transport Bond Measures

Voters to decide fate of construction bond issues, transportation funding measures.
10/15/14 China Pushing Asian Infrastructure Investment Bank

“Fears of Chinese companies calling the shots in AIIB-funded projects are unfounded," says Sunil Kanoria, vice chairman of Srei Infrastructure Finance Co.
10/01/14 Construction Spending Up in August From Year-Earlier Level

Although August's spending was up 5% on a year-over-year basis, the total dipped slightly from July's level.
08/26/14 Settlement Reached With Kin of Pittsburgh Area Flood Victims

Three public agencies reached agreement with families of people who was swept away and drowned by flood waters in 2011.
08/19/14 New Blooms for China's Latin America Construction Romance

Latin American countries play host to China's construction ambitions.
08/18/14 Dodge Momentum Index falls 4.4% in July.

But figure is still 16.5% higher than a year ago.
08/05/14 Controversial Individual Surety Files for Bankruptcy Protection

Edmund C. Scarborough's bankruptcy filing provides a snapshot of his financial dealings, amounts owed to creditors and his personal property.
07/29/14 Looking To Reverse Recent Trend, India Unveils 2014-15 Budget

The budget has set determined goals with allocation for 8,500 km of roads, 16 new ports, 100 smart cities and industrial corridors
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