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Finance - Featured Headline
Bahamian Government Blocks Resort Developer's U.S. Bankruptcy
07/29/15
The Bahamian is seeking to take control over the resort developer's bankruptcy proceedings.

Photo courtesy China Construction America


How Much Debt is Too Much for Chinese Developer?
06/08/15
With the Chinese economy slowing, Greenland Group is building some of the biggest projects in the U.S.

Photo by Nicholas Zeman for ENR

More News
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 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.
06/04/15 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.
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.
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