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Finance - Featured Headline
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.

Photo by Tudor Van Hampton/ENR

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.

Richard Korman for ENR

More News
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.
11/12/14 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
07/25/14 Truland Group Units File For Bankruptcy Protection

The country's 10th largest electrical contractor shuts down, files for protection from creditors and strands projects and workers.
07/15/14 Willis: Global Insurance Capacity Hits All-Time High

New competitors from Asia and intensified competition have added to capacity and put downward pressure on pricing.
07/09/14 Construction Week: ABC Backlog Indicator Falls 2.8% in Q2; FRP Bridge Deck in Ore. To Be Replaced

ABC expects backlogs to improve during the second quarter of this year.
07/08/14 Revenue Recognition Change May Not Be Clear Cut For Firms

New financial accounting standards will require more disclosure and could boost outside scrutiny, but won’t begin to take effect until December 2016
06/02/14 An Acrimonious Split With Scarborough Individual Surety

Steven Golia files a lawsuit against his former employer at IBCS, seeking unpaid bonuses.
06/02/14 Judge Orders IBCS and Scarborough to Return Surety Premium

A state court judge orders IBCS to return a bond premium to a contractor.
05/20/14 Built Assets Added $27.1 Trillion to Global GDP in 2013, New Study Says

Report, co-authored by Dutch-based consultant ARCADIS, analyzes how 30 countries' use of built asset stock impact their global competitiveness.
04/22/14 Arbitration Panel Awards Utility $35M on Tunnel Builder's Risk Policy

With $14 million already in hand, the Southern Nevada Water Authority sought additional damages under a builder’s risk claim that will be paid by reluctant re-insurers.
04/15/14 Maryland Individual Surety Law Set To Expire

?The National Association of Surety Bond Producers, a trade association of surety brokers, is claiming a major victory in its campaign against surety fraud after Maryland lawmakers failed to renew a 2006 state law that partly opened the door to the use of individual surety on state projects. The lawmakers' inaction followed a state agency review that found the law produced no benefit in helping small contractors win work.
04/08/14 Upshot of Senate Panel's Caterpillar Foreign-Tax Probe Is Uncertain

Legislative changes are unlikely this year in tax treatment of U.S. companies’ overseas earnings.
04/04/14 Unpaid For Three Years, Hotel Subs Could Finally Get Cash

But payments won’t heal all the wounds subs have faced from going unpaid for so long after a developer defaulted on a new hotel in Wisconsin.
03/11/14 Designer Liability Insurers Count Big Claims from 2013

An annual survey by broker Ames & Gough shows that 2013 was a second consecutive year of modest premium price gains by the insurers.
03/11/14 Big Surety Broker Parts Ways With Individual Surety Promoter

Steven Golia, a leading promoter of controversial individual surety bonds, no longer works for national insurance-surety broker Arthur J. Gallagher & Co., the company confirms.
03/11/14 A General Contractor Upgrades from Fraudulent Surety

Public records show that a Colorado contractor that submitted winning low bids in Montrose County has replaced a fraudulent bond and an individual surety bond with corporate bonds from a licensed broker.
01/28/14 How The Ewing Case Decision Could Shape Liability Coverage

Some attorneys believe the case will help clarify what contractors' general liability policies cover, but others warn that such decisions will still vary greatly.
01/27/14 Quebéc and California Link Credit Trading for Greenhouse-Gas Emissions

Other states and provinves may decide to create a program of their own and link with California and Québec as well.
01/24/14 Standard and Poor's: Private Investors Could Narrow Infrastructure Finance Gap

Standard & Poor's report says pension funds, other institutional investors plan to boost infrastructure's share of their total assets.
01/14/14 Ottawa P3 Team Grapples with Roof Corrosion Costs

An unexpected cost of $17 million may become a hot potato in the laps of the city of its development partner.
12/30/13 San Francisco Firm Considers Investing in Indian Real Estate

Golden State Capital considering REIT of more than $500 million.
12/27/13 Short-Seller Takes Aim at Construction Software Maker

Well capitalized but still losing money, Textura Corp. is the target of a withering accusation from Citron Research.
11/20/13 Atlanta Braves Strike Tentative Deal To Build New Ballpark

The Atlanta Braves shocked baseball fans and local contractors alike Nov. 11 when the team announced a pending deal to build a new, $672-million ballpark in Cobb County, Ga.
11/20/13 A P3 Makeover for the Standard Surety Bond

Sureties may play an important role in expanding U.S. public-private partnerships by providing a new type of completion and payment bond.
11/13/13 Chicago Infrastructure Trust Passes First-Ever Financing Deal

The measure becomes the first-ever project to come out of the Chicago Infrastructure Trust, launched in 2012.
11/12/13 In Elections, Water Projects Win in Texas and a Union Official Is Now Boston Mayor

In other ballot initiatives, voters nix a $217-million plan to save the Houston Astrodome and approve fracking limits in three Colorado cities.
11/06/13 Oil, Gas Pipeline Projects Shifting to Short-Haul Work, Black & Veatch Says

Only a few of the more than 20 liquefied natural gas export terminal projects now being planned will actually be constructed.
10/29/13 Owners Shift More Financial Risk as Recovery Remains Sluggish

The financial consequences hit subcontractors first since “they are furthest from the cash flow,” says one speaker at the AGC/CFMA conference in Las Vegas.
10/25/13 Construction Starts To Rise by 9% in 2014, Says Dodge Construction Outlook

Total construction starts could rise by 9% next year to $555 billion, led by a solid housing market and improved opportunities in commercial building.
10/22/13 Western Surety Called in as TLT Defaults on Massachusetts School Job

A school board member reflects on what went wrong and whether anything could have prevented a contractor's default.
09/30/13 ENR Risk Summit: Views Differ from Places on the Payment Flow-Chart

Is the pressing issue payment abuse of subs, which is how subcontractors see it, or subcontractor default risk, as primes see it? Maybe they are connected.
09/25/13 Rush for Tax Credits, and Low Bid, Ends in Contractor Bankruptcy

In a hurry, San Jose gave an important prime contract to a low-bidder that had been showing signs of financial distress.
08/21/13 Detroit Hopes Its New Model Will Sell

Even as Detroit's Chapter 9 filing proceeds, city officials and the construction industry eye new development potential.
07/30/13 Controversial Individual Surety Refused to Back Sub on Big New York Projects

Construction managers accepted bonds for key subcontractor on New York City projects from an individual surety whose president says he doesn’t know how his signature got on certain documents.
07/24/13 Key Detroit Projects Appear on Track, But Contractors Have Questions

Despite $18 billion in debt and a major bankruptcy filing, Detroit's impact on construction is minimal.
07/16/13 Research Says Average Jobsite Argument Costs $11K

Interpersonal conflicts on construction projects, once thought to be part of the ordinary course of business, come with costs in time and money.
07/10/13 Jefferson County, Ala., Offers Plan To Exit From Bankruptcy

Residents will face smaller sewer rate increases if the plan to exit its historic $4.2-billion municipal bankruptcy is approved later this year.
06/24/13 Danish Pension Fund Invests in Cape Wind Project

The investment, in the form of a mezzanine loan, is expected during the first phase of the project and will cover 101 of the turbines.
05/01/13 Split View of Market in 2013 From Sureties and Brokers

Industry has room for improvement on claims handling, says association head.
03/19/13 Great Lakes Restates Results After Booking Revenue Too Soon

The company president departs as the big dredging contractor reports a loss in 2012 tied to slow payment on project change orders for its demolition subsidiary.
03/12/13 Chavez Successor Must Pay Down Debt To Sustain Venezuelan Building Program

Chavez for years borrowed heavily against the current and future value of Venezuela’s natural resources, and the nation suffers from a high inflation rate and, after Chavez’s nationalization of several industries, a poor investment climate.
03/08/13 Construction Adds 48,000 Jobs In Feb., Jobless Rate Dips

All industry sectors post gains in jobs, led by specialty trade contractors, which picked up 31,700.
02/26/13 Dispute over Stalled Maryland Transit Center Intensifies

Contractor on stalled Maryland transit project files multiple notice of delay claims with its owner, the county.
01/29/13 Contractors Resort to Liens, Lawsuits as Vegas Wheel Stops and Starts

The developer of the SkyVue attraction in Las Vegas appears to be debt-free after the developer takes care of the small chore: arranging financing and paying the contractors.
01/15/13 Clients Terminate Contracts with New England's Baybutt Construction

The apparent default of a small contractor in New England may signal more peril for contractors and sureties during the recovery in the year ahead.
01/15/13 Did Officers Divert Funds Before the Bust at Surety First Sealord?

The surety that began liquidation proceedings last year is now the subject of fraud accusations from the Pennsylvania Insurance Department.
12/19/12 How Liberty Mutual Prepared for Ballenger's Bankruptcy

Although one of 2012's biggest contractor defaults and bankruptcies may have surprised some unsecured creditors, Ballenger Construction's surety has been working on the company's problems since the summer.
11/14/12 African Bonding Boom Aimed at Infrastructure Projects

The shift to international and domestic capital markets is also expected to draw interest from international contractors.
11/09/12 Voters Say Yes to Most Project Finance Measures on Ballots

Key project finance measures pass in New Jersey, Arkansas and Alaska; Union initiatives get mixed results.
11/05/12 Claims Under Builders' Risk Policies Likely to Follow Sandy's Trail

How many builders' risk claims will follow the superstorm still remains unclear, as does much of the economic loss suffered by New York City.
10/24/12 McGraw-Hill Forecasts 6% Construction Increase in 2013

MHC expects 2013 construction starts' volume to hit $483.7 billion, as strength in housing and private nonresidential outweigh weakness in institutional buildings and public works.
10/23/12 Liberty Mutual: Bonded Contractor Stonewalled Us

Faced with demands for collateral from its surety, Intercoastal Contracting cooperated at first but then became hard to reach.
07/31/12 Legal Fallout Spreads from Trainor Glass Default

General Contractor McCarthy Building Cos. and the surety for Trainor Glass are looking for a replacement for the bankrupt glazing and glass subcontractor.
07/17/12 Illinois DOT Goes to War with Engineer Over Payments

Was the Illinois Dept. of Transportation's suspension and withholding of funds from McDonough unfairly, or was the engeering firm committing fraud?
07/13/12 How Radisson Hotel Owners Stiffed the Subs in Wisconsin

Subcontractors that renovated a building to create a new Menomonee Falls Radisson don’t know whether they’ll be fully compensated for their work as foreclosure begins.
07/02/12 Europe's Financial Woes Could Further Dampen Economies in 2013

Economic headwinds from the financial crisis in Europe will continue to buffet the United States construction economy through 2012 and into 2013, an industry economist told an annual gathering of the Construction Financial Management Association in late June.
06/05/12 Survived the Recession? Beware Recovery Risks

Contractors emerging from the downturn should know that many sureties are looking for measures of solidity, even when work is more plentiful
06/05/12 Study: Global Contract Disputes Worth Less, But Last Longer

Disputes in 2011 tracked by EC Harris involved more time and less money than in 2010, but Middle East project conflicts doubled in value.
05/22/12 California University Terminates Major Local Firm For Project Delays

Melchiori Construction Co., based in Santa Barbara, has built many area projects over the last 20 years.
05/22/12 XL's CapAssure Targets Overlap In Project Coverage

Will a new combination general contractor-subcontractor default insurance product prove as successful as the original subcontractor default insurance?
05/07/12 Contractor D. Dean Defaults on Projects in Alabama, Georgia

A contractor with projects in Alabama and Georgia tags its surety and asks it to step in to help finish its projects.
04/23/12 Contractor Cries Foul After Termination by DOT

With the $29.4 million project mostly completed but delayed by problems, ALDOT removed the contractor from the project.
04/09/12 Bank Pulls Plug on Canadian Bridge Contractor

When the Bank of Nova Scotia pushed Concreate USL into receivership last month, it created a mess for numerous Canadian towns and a great big headache for the surety.
03/27/12 Five Minutes With Ed Littleton, Risk Vice President for Balfour Beatty Construction

An interview with Balfour Beatty Construction's risk vice president about his career, trust between client and broker and Balfour Beatty's risk philosophy.
03/26/12 Cost Report: Federal Construction Funding Is Growing Tighter

Congressional fiscal hawks and 2011 Budget Control Act’s spending caps are squeezing infrastructure programs.
03/26/12 Industry Sees Recovery Ahead After Four Years of Gloom

Market confidence rises dramatically
03/13/12 Trainor Glass Default Raises Questions About Sub Vulnerability

Are capital-intensive subcontractors with substantial fabricating operations the most likely not to make it through to the end of the construction recession?
03/05/12 Arena Subcontractor's 'Untimely' Default Delays Enclosure

The temporary shutdown due to financial problems of the Indiana-based cladding fabricator and erector has caused the prime contractor headaches in its drive toward completion, set for later this year.
03/05/12 Five Minutes With Las Vegas Paving's Risk Manager, Lou Esposito

The risk manager talks about how he got started in the risk business, what difference the recession has made in his approach and where insurance is heading.
03/05/12 Eurozone Debt Crisis Takes Its Toll on Construction

Construction companies across the European Union are paying with dwindling order books and bankruptcies.
03/05/12 Contractors Could Find Surety Bonds Easier to Obtain in 2012

Surety capacity was increasing heading into 2012, says Marsh Inc., the big brokerage, with new sureties entering the market and changed underwriting techniques.
02/13/12 Minnesota Indemnification Case Typifies Problems Between Primes and Subs

A sub's problem with a prime contractor on a pipeline project in Minnesota involves slippery issues of language and risk shifting.
02/10/12 First Sealord Surety Fought Numerous Legal Battles in Last Years

In a filing made to a bankruptcy court in California, the surety's attorney claimed it was owed $2 million from a contractor's owner and his wife.
02/09/12 Move To Limit the Cost of E-Discovery in Lawsuits Gains Support

Is it possible to have a contract that rules out emails as evidence in case of a legal dispute?
01/09/12 Disputed Shift by Insurance Brokers Entangles Contractor Clients

Last June’s departure of key executives and dozens of staff from Aon to Alliant has entangled Turner and other major contractors in the dispute.
12/28/11 Insurance Prices Should Hold, But Watch Out for Workers' Comp Costs

Insurance underwriters want more to renew their accounts, but for most types of coverage they can’t get it without risking losing clients, says a forecast from broker Cavignac.
11/15/11 Contractor-Controlled Wrap-Up Insurance Plans Gain Popularity

Cost and risk control factors may be spurring growth of contractor-led programs, firms and insurers tell construction risk conference attendees.
11/10/11 Jefferson County Files for Bankruptcy After Talks With Creditors Break Down

With $4.1 billion in sewer, school and general obligation debt, the Alabama county's filing would be the largest municipal bankruptcy in U.S. history.
11/08/11 Online Database Seeks to Match Funders with Stalled Projects

The American Institute of Architects launches an online database intended to link up stalled projects with potential funders.
11/01/11 Jacobs Engineering Expands Design Capability with KlingStubbins Purchase

According to an analyst, the deal positions Jacobs to compete with other large diversified firms, such as AECOM and Stantec.
10/19/11 Hopes Dim for Recovery in 2011 with No Growth Seen for Next Year

McGraw-Hill Construction sees overall volume for 2011 finishing with a dip of 4% and growth in 2012 only in multifamily housing.
10/14/11 Fluor Moves Into Market for Small-Sized Nuclear Reactors

Infusion will boost technology firm's ailing bottom line and give contractor big stake in an emerging market.
09/20/11 Jefferson County Commissioners Send Refinancing Plan to Alabama Legislature

The next step is reaching a definitive binding agreement by Oct. 15 so Bentley can call the special session for November.
08/15/11 Jefferson County, Ala., Commissioners in Last-Ditch Renegotiations Over Muni Debt

Two commissioners enter discussions creditors with goal to renegotiate reduction in $3.2-million sewer bond valuation before Sept. 16 deadline could trigger a Chapter 9 bankruptcy filing.
06/27/11 Construction Week
Construction briefs and late-breaking news for the week ending June 27, 2011.
06/08/11 China Responds to WTO Charges of Unfair Practices
In response to a U.S. challenge before the World Trade Organization, China has shut a fund that the U.S. says subsidized Chinese wind-energy equipment companies. U.S. Trade Rep. Ron Kirk said on June 7 that China closed its Special Fund for Wind Power Equipment Manufacturing, which the U.S. contended violated WTO rules by providing grants to Chinese wind-turbine companies that used Chinese-made components instead of imported parts. The grants ranged from $6.7 million to $22.5 million and may have totaled several hundred million dollars since 2008, according to Kirk’s office. USTR launched a probe last October in response to a petition filed by the United Steelworkers union, which alleged that Chinese aid for its wind-power companies ran counter to WTO requirements.
06/08/11 Unemployment Rate Slips But Remains at Historic Highs
Construction’s unemployment rate dipped to 16.3% in May, down from April’s 17.8% rate and an improvement over the 20.1% unemployment rate registered in May 2010, according to the latest figures from the U.S. Bureau of Labor Statistics. Despite the decline, construction’s unemployment rate is still the highest among all U.S. industries. In the face of a deepening recession, the construction industry only managed to add 2,000 jobs in May, according to the BLS. The overall U.S. unemployment rate for all industries was 9.1% in May.
06/03/11 Tutor Perini Acquires Frontier-Kemper and Plans to Buy Lunda

Tutor-Perini's new acquisitions expand its heavy, civil market share, especially in the Midwest.
06/01/11 AMEC and EMCOR Target Cash Deals of More Than $500 Million

Two industry giants are taking steps to expand their footprints, revealing agreements for major acquisitions that, if and when completed, would total about $535 million. London-based engineering and project management firm AMEC said on May 17 that it has agreed to buy Atlanta-area engineer MACTEC for $280 million in cash. EMCOR Group Inc., the Norwalk, Conn., specialty contractor, said the next day that it planned to pay $255 million in cash to acquire USM Services Holdings Inc., a Norristown, Pa., facilities maintenance firm, from its Australian parent.
05/11/11 Australia: Megaproject Haven

Australia is quickly becoming the destination of choice among large U.S. contractors. It has yielded some of the world’s largest projects, centered on the country’s natural resources.
05/11/11 Facebook’s Open Data Center

The data-center market, especially for web hosting, is one of the few truly hot markets in this recession. It also is one of the most secretive, mostly for security reasons and to keep competitors at bay. Thus, it is a little unusual for DPR Construction to be releasing the plans for two new Facebook data centers.
05/11/11 Primoris Services Doubles Up

Primoris Services Corp. was created in 2006 with West Coast contractor ARB Inc. as its major subsidiary. Shortly thereafter, it went public.
05/11/11 Sevenson Cleans Up Well

For the last three decades, cleaning up what others have left behind has been good business for Sevenson Environmental Services Inc., Niagara Falls, N.Y. But in 2010, the returns were especially rewarding, as the remediation contractor saw revenue jump 33%, vaulting it nearly 100 places up the Top 400.
05/11/11 The Top 400 Contractors: 2010-2011 At a Glance
The current construction recession is now in its fourth year, and industry executives are hoping to see signs that the economy is about to turn around. For some on the leading edge of the construction process, such as large design firms (ENR 4/25 p. 59), the recession appears to be bottoming out. However, for the nation’s largest general contractors, recovery seems more hope than reality at this point.
05/04/11 Caterpillar Sees Profit Impact From Japan Quake Interruptions
04/13/11 Budget Pact Slams DOT Rail, EPA Water Programs
04/06/11 Equipment Cost on the Rise
03/23/11 Japan Quake Won’t Shake Up Costs as Recession Trumps Rising Prices
03/23/11 Top Industry Execs Believe the Market Has Turned a Corner
03/23/11 Price Escalations May Lead Aggressive Bidders To Default
03/23/11 Weak Demand vs High Oil Prices
03/23/11 Companies Seeking ‘Game Changers’ Boost Pay to Sway More Candidates
03/23/11 Finding Cost Data on Cost Indexes, Wages and Prices
03/23/11 As the Construction Recovery Stalls, What Is the Impact on Inflation?
03/23/11 How To Use ENR’s Cost Indexes
03/23/11 February Construction Slips 4%
03/04/11 Construction Jobless Rate Drops in February
03/02/11 U.S. Cement Production Flat Following 2009’s Big Decline
02/23/11 A Slow Start for 2011 Markets
02/16/11 Obama Budget Hikes Transportation But Cuts Other Construction Programs
02/16/11 Oregon Governor Pushes Stimulus Funds for School Retrofit Effort
02/02/11 Better Times Anticipated, But Recession Isn’t Done Yet
02/02/11 Illinois Projects Hang in Limbo
02/02/11 Construction Ends 2010 With a 2% Overall Decline
01/31/11 Stimulus Weatherization Program Gains, Slowly
01/26/11 AGC Survey Sees Positive Signs, But 2011 Still Will Be Tough
01/26/11 U.K. Aims To Slash Infrastructure Costs
01/19/11 Concrete Users See Long, Slow Recovery
01/19/11 Last Year’s Tepid 7% Growth Will Heat up in 2011, says NAHB
01/18/11 Boomers, Multifamily and Gen Y Bring Fresh Hope for Homebuilders
01/13/11 US DOT Signs 'TIGER' Agreement for Intermodal Freight Facilities
01/12/11 Unemployment at 20.7%
01/05/11 Western Markets Post Sharpest Declines in Construction Costs
01/05/11 Treading Water: A Weak Recovery Checks Inflation
12/29/10 2010 Deals Up 5% Over 2009, Says Industry M&A Consultant
12/29/10 Firms ‘Mildly’ Bullish on 2011, Says Survey
12/22/10 Treading Water: A Weak Recovery Checks Inflation
12/22/10 Heads of Major Firms Believe Market Is Nearing Stability
12/22/10 Why Few Are Debating the New Federal Fuel Economy Rules
12/22/10 Chinese Demand Props Up Prices
12/22/10 Recession Relinquishes Grip On Global Construction Costs
12/22/10 Overseas, Inflation Creeps Back
12/22/10 Revised Tax Bill May Lift Construction
12/22/10 Equipment Manufacturers Raise Their Annual Sales Forecast
12/15/10 Firms Upbeat About Overseas Market Uptick
12/08/10 Financial and Construction Snags Create Bumpy Road for Australian Concessionaire
12/03/10 Construction November Jobless Rate Improves from Year-Earlier Level
12/01/10 Construction Starts Down 3%
12/01/10 Green Building Grows Despite Construction Downturn
11/24/10 Global Deal Value Rises in Third Quarter, Says PricewaterhouseCoopers
11/22/10 White House: Stimulus Hits 'Public Investment' High
11/10/10 A Stalled Recovery Ready To Rev Up
11/10/10 Canada Dodges a Deep Recession
11/10/10 NAHB Says Housing Recovery Gaining
11/10/10 Mixed Results for Bond Issues
11/10/10 Construction’s Unemployment Rate Dips Below 2009’s Level
11/03/10 NAHB Says Housing Will Rev Up After Stalling in 2010
11/03/10 Modest Rebound, Recovery Predicted for Construction
11/03/10 New Chairmen in House to Shift Focus of Committees
11/03/10 Design Firm CEOs Are Hopeful
11/03/10 September’s Construction Starts Lag 3% Behind 2009
11/03/10 Hopes for Early Turnaround Faded with Realities of 2010
10/27/10 How Big Will a Third TIGER Grant Round Be?
10/20/10 Bonds on The Ballots
10/20/10 Financial Capacity Analysis Sees 'Muted' Recovery in 2011
10/20/10 Expected GOP Wins May Crimp Infrastructure Funding Bills
10/20/10 Recession's Realities, the New Normal and How To Win Work
10/13/10 Construction Unemployment Remains at Record High
10/08/10 Construction Jobless Rate Worsens in Sept.
10/06/10 Low Bids Let Agencies Stretch Their Stimulus-Act Dollars
09/30/10 Long-Term Gulf Restoration Plan Calls for Special Recovery Fund
09/29/10 Uptick in Non-Residential Building WorkStill Leaves Market With a Long Way To Go
09/22/10 With Margins Cut to the Bone and No Demand, Costs Are Left With Nowhere To Go
09/22/10 More Bad Economic News Dims Industry’s Confidence
09/22/10 New EPA Regs Pose Cost Problems
09/22/10 Recession and Politics Impact Workers’ Comp
09/22/10 Wage Settlements Are Between A Rock and a Hard Place
09/22/10 Weak Multi-Unit Housing Market Sees Uptick in Starts, Permits
09/16/10 Senate Passes Small-Business Aid Bill
09/09/10 Obama Backs 'Expensing' of Companies' Capital Purchases
09/08/10 California Budget Fiasco Endangers $3 Billion Worth of Construction Work
09/08/10 Obama Infrastructure Plan Faces Tough Path in Congress
09/08/10 Despite Seasonal Gains, Unemployment Still Tops 2009
09/03/10 Construction Jobless Rate Improves Slightly in August
08/26/10 ARRA Home Weatherization Program Ramps Up
08/18/10 California Budget Fiasco Endangers $3 Billion Worth of Construction Work
08/11/10 Construction Unemployment Slips to 17.3% in July
08/04/10 Housing Rebound Falters
07/28/10 Construction Still Struggling at 2010’s Midpoint
07/21/10 Researchers Identify Key Trends Driving Megafirm Creation
07/21/10 Schwing Exits Chapter 11 Pumped Up About Future
07/16/10 Financial Regulation Bill Heads to White House
07/14/10 Deal Sends Tishman Construction Into AECOM’s Arms
07/07/10 Report: Another Bad Year for Construction, But Spending Will Rebound in 2011
06/30/10 As Activity Picks Up, Firms Are Hopeful
06/30/10 Positive Signs Start To Pop Up in Market Statistics
06/29/10 Pension-Plan Relief Bill Is Signed Into Law
06/25/10 Tax 'Extenders' Bill Blocked Again in Senate
06/23/10 With Stimulus Spending Running Out Recession Will Keep Grip on Costs
06/23/10 Weak Demand Undercuts Prices
06/23/10 Industry Firms Begin To Believe The Worst May Soon Be Over
06/23/10 Open-Shop Wants Lending Restored
06/23/10 Recession Squeezes Salaries
06/16/10 Obama Calls for $3 Billion In Federal Real-Estate Savings
06/09/10 Housing Rebound Masks Non-Residential Work Drop
06/09/10 Fiscal Squeeze To Continue in 2011
06/04/10 Government Looks To Cut Costs
06/02/10 Indian Tribes Put $3 Billion In Stimulus Funds To Work
05/26/10 Deere’s Positive Second-Quarter Numbers Hint at Recovery
05/19/10 Government Looks To Cut Costs
05/12/10 Aggregates Firms Start Rocky But See Some Stability Ahead
05/12/10 State Loan-Fund Bill Stalls Under Davis-Bacon Questions
05/07/10 U.S. DOT Seeks Changes in Disadvantaged-Business Rules
05/05/10 With Retainage Mandate Gone, A/Es Look Forward to Payday
04/21/10 Equipment Prices Rise, But Values Still Remain Depressed
04/21/10 Firms’ Finances Raise Questions
04/07/10 Industry Unemployment Down For First Time in Seven Months
04/05/10 Treasury Says Build America Bonds Save Localities $12 Billion
03/31/10 Start-up Automaker Denied DOE Loan For Louisiana Plant
03/31/10 Davis-Bacon Rules Hit Agencies, Says GAO
03/24/10 1Q Cost Report: Despite Upturn in Steel, Lumber and Energy Prices Deflation Sweeps Cost Index Board
03/24/10 Survey Shows Contractor Confidence Slowly Rising
03/24/10 Lumber, Wallboard Prices Perk up With Modest Rebound
03/24/10 Recession Shatters Prices, More Cuts Expected During 2010
03/24/10 Key Players Dodge Salary and Bonus Squeeze
03/24/10 What is Driving Costs
03/24/10 Large Highway, Sewer and Water Jobs Boost Starts
03/24/10 Record Crowd of Engineers Hears DOD Chiefs’ Overview
03/17/10 Bucking Recession, Orlando Pushes Venues Downtown
03/17/10 Senate Approves $123-Billion Tax-Break Extension Package
03/17/10 Site Developers in Stalemate On Redevelopment Financing
03/17/10 Non-residential Building Work Off to a Slow Start in 2010
03/15/10 Orlando Turns to Bonds For Building Program's Funding
03/03/10 Firms See South Africa Prospects Differently
02/24/10 Feds Vow Crackdown On Misclassified Staff
02/24/10 Insurance Must Cover Sub Defects, Says Court
02/17/10 Minnesota Legislature Sends Governor $1-Billion Bonds Bill
02/10/10 As Federal Dollars Pour Out, A Second Stimulus Plan Grows
02/03/10 Economy Is a Cloud Over Las Vegas Event
02/03/10 2011 Budget Cuts Construction Programs
02/01/10 Obama 2011 Budget Plan Would Cut Most Construction Programs
01/27/10 Obama Issues Call For Spending Freeze
01/27/10 Construction Fell 26% in 2009
01/26/10 Obama To Propose Freeze On Non-Security U.S. Spending
01/21/10 No Recovery In Housing In Immediate Future
01/20/10 Outdated Cost Estimating Hurts DOE Project Control, Says GAO
01/20/10 Construction Costs Slump as School Markets Falter
01/13/10 Recession Cuts Costs For Office Building Construction
12/30/09 Financiers, Lenders and Debtors Fight Over Troubled Vegas Job
12/30/09 Construction Starts Slip in November, Holding Markets 28% Below a Year Ago
12/23/09 Next Move Is In the Senate After House Passes Jobs Bill
12/16/09 4Q Cost Report: Recession Spreads To Nonresidential Buildings
12/11/09 HHS Awards $509 Million in ARRA Grants for Health Clinics
12/09/09 Obama Weighs In, Supports New Round of Public-Works Funding
12/02/09 Global Firm Execs Are Bullish, Says KPMG Market Survey
12/02/09 Strong October Hints at Slowdown in the Recession
11/18/09 By 2020 China Will Pass U.S. As Preeminent Construction Market
11/18/09 World Bank Calls for Major Increase in Funding For Infrastructure Investment in Africa
11/13/09 States' Fiscal Woes May Continue Into 2012
11/11/09 Forecast 2010: Stimulus Funds Kick Off A Slow Comeback After Market Bottoms
11/11/09 Companies Want To Save Cash By Reducing Collateral Costs
11/04/09 Economic Downturn Creates Buyer's Market for Some Cities
11/04/09 Stimulus Is Boosting Projects Throughout the Country
11/04/09 Federal Spending: New Stimulus Report
10/28/09 Feds Target Smart Grid With $3.4 Billion in Stimulus Funding
10/16/09 Housing Could Spark A Rebound in 2010
10/14/09 Federal Spending: New Stimulus Report
10/14/09 Federal Funding: A Snapshot of Top Shovel-, Wrench- and Pencil-Ready Projects
10/14/09 Global Recession Slashes Salary For U.K. Civil Engineers
10/07/09 Markets Show Some Early Signs of Turning Around
09/23/09 3Q Cost Report: Competition Intensifies as Recession Deepens
09/23/09 House Passes Bill With $6.5 Billion for K-12, College Projects
09/23/09 Non-residential Building Market May Have Hit Bottom
09/23/09 Industry Has Little Confidence About Near-Term Market Gains
09/23/09 Medical Costs Trump Savings From Safety
09/23/09 Lower Materials and Bid Costs Help States Push Projects
09/21/09 Federal Dollars for School Construction, Round Two
09/17/09 No Deal Yet, But Pact On 'Buy American' May Be Near
09/16/09 Canadian Leader to Discuss 'Buy American' Issue with Obama
09/09/09 Squeeze Is On As Firms Fight For What Little Work Is Available
09/02/09 Stimulus Progress Report: Where Are the Jobs?
09/02/09 Unemployment Hits 18%
09/02/09 Worldwide Recession Reflected in Steep Declines in Export Data
08/26/09 Suppliers Rate U.S. Stimulus A Clunker, Seek Broader Plans
08/26/09 A Strong July Chips Away at Large Year-to-Year Declines
08/19/09 Infrastructure Work Buoys Middle East
08/19/09 Anxious Teams in Limbo on Antarctic Contract
08/12/09 Repaving Projects Dominate ARRA Highway Funding
08/05/09 After Six Months, 2009 Volume Is Down 36% From a Year Ago
08/05/09 New GSA Contracts Starting To Surge
08/05/09 Fed Moves To Tighten Contracts
07/29/09 Housing Gets Rare Good News
07/22/09 Construction’s Labor Force Is Hit Hard by Unemployment Spike
07/08/09 ENR Survey Shows Glimmers of Hope For Recovery
07/08/09 Federal Infusion Will Not Prevent Infrastructure Spending Falloff
07/01/09 States, U.S. DOT Post Gains on ARRA
06/24/09 2nd Quarterly Cost Report: Hard Bids, Low Costs
06/24/09 Stimulus Funds Prop Up Florida Market
06/24/09 Firms Hold the Line on Raises, But Salaries Remain Competitive
06/24/09 Costs Post Rare Quarterly Decline
06/24/09 Slow Payment Is Sapping Contractors' Strength
06/24/09 A Strong Market Still Has High Risks
06/19/09 War Funding Measure Wins Approval
06/17/09 Vegas Mega-Resort Rolls Snake Eyes
06/12/09 War Funding Bill Provides $4.4 Billion for Construction
06/10/09 Nevada Transportation Faces Lean Times, Officials Report
06/10/09 Construction Jobs Trickle Back But Losses Are Not Over Yet
06/10/09 Publicly Traded Power and Environmental Giants Are at Full Tilt
06/10/09 Weak Markets Show Some Signs of Bottoming Out
06/03/09 Firms Slow To Restrategize In Current Changing Economy
05/27/09 Distribution of Stimulus Funds Is Gaining Momentum
05/27/09 HInsufficient Past-Performance Data Used in Awards
05/20/09 Housing: Buyers Over 55 Are Changing Their Minds On What They Need
05/20/09 ARRA Outlays So Far Are Small
05/14/09 HUD, NSF Seek Proposals For $1.2 Bil in Stimulus Grants
05/13/09 Plans Set For Community Development, Transit Aid
05/13/09 Obama Hit List Includes Some Construction Programs
05/13/09 Public-Private Transportation Jobs Face Hurdles in U.S., Says Study
05/13/09 Report Shows Stimulus Outlays Remain Very Small So Far
05/13/09 ARRA Funding Stimulates Austin Federal Courthouse Project
05/08/09 Lagging Infrastructure Partnerships Need an Educational Push: Report
05/07/09 Obama Proposes Cutting $1.5 Billion in Construction
05/07/09 HUD Releases Plan for $980 Million In Stimulus Block Grants
05/06/09 Credit Woes Halt Midway Purchase
05/06/09 Design-Firm Financial Officers See Sharp Drop in 2009 Growth
05/06/09 DOE Awards $786 Million To Push Speedier Biofuels R&D Efforts
04/29/09 Survey: Firms Don’t See Quick Recovery
04/22/09 Guam Needs More U.S. Funds To Redeploy Military, Says GAO
04/15/09 Construction Markets Begin 2009 Well Below Last Year’s Start
04/15/09 Firms Line Up for Stimulus Funds For Transmission Projects
04/15/09 Obama Administration Announces $1.6 Bil. for Environmental Projects
04/08/09 Dollars Roll Out At Uneven Pace
04/08/09 Construction Spending Hits New Global Low
04/08/09 Stimulus Will Ease Construction Slide
04/03/09 VA Releases List of $1.3 Billion in Stimulus Projects
04/01/09 Weakening Oil Prices Forcing Chavez To Scale Back Plans
04/01/09 Military Engineers Struggling To Hash Out 2010 Funding Budget
04/01/09 GSA Reveals Stimulus Projects
03/27/09 Venezuela Oil-Driven Budget Woes Concern Construction Efforts
03/25/09 DOD Plan Favors Small Jobs, Firms
03/25/09 Stimulus Spending Will Turn Public Works to Positive Growth
03/18/09 Tight-Fisted Banks Stall Development
03/18/09 Avoiding a Bust in Pittsburgh
03/18/09 Private-Buildings Sector Reels As Projects Are Postponed
03/18/09 Some Agencies Release First Construction Allocations
03/18/09 Inflation Reverses Course As Recession Floors Prices
03/18/09 Renegotiations Make Bad Times Worse
03/18/09 Finding Cost Data on the Internet
03/18/09 What Drives ENR's Cost Indexes
03/18/09 How To Use ENR's Cost Indexes
03/18/09 Stimulus Efforts Hope To Stanch Global Slowdown
03/18/09 Private-Buildings Sector Reels As Projects Are Postponed
03/18/09 Planning Snafu Sinks Funds for $100 Million in Alabama Work
03/18/09 Volvo Will Pump Up Prices Due To New Emission Regulations
03/12/09 Latin America Pinning Recovery On Infrastructure Spending Plans
03/11/09 Obama Signs $410-billion Spending Bill
03/11/09 Recession Puts Big Las Vegas Convention Project on Hold
03/04/09 Short Stopgap Measure Signed As Senate Debates Spending Bill
03/04/09 Political Battle Begins for 2010
03/04/09 Utilities To Tap Stimulus Funds For New ‘Smart Grid’ Projects
03/04/09 Highway Markets Get First Injection of Stimulus Funds
03/03/09 DOT Releases Highway Stimulus Funds to States
02/26/09 How to Rally Your Staff During the Economic Turmoil
02/25/09 States Begin The Big Push
02/25/09 $17-Billion Package Changes Texas Governor’s Mind
02/25/09 California Passes Budget, But Relief Is Only Temporary
02/25/09 Deferred Jobs Preferred In Florida Share
02/25/09 Package Won’t Outweigh Impact Of Credit Crunch
02/25/09 Volume Soars But Prices Plunge At Ritchie Bros. Annual Auction
02/18/09 Unwrapping the Big Package
02/18/09 Stimulus Bill Hastens Switch Away From Private Projects
02/11/09 Year-End Tally for 2008 Shows a 15% Decline in Construction
02/11/09 Talks Begin To Shape Final Stimulus Bill
02/11/09 Reid: Stimulus Agreement Reached On A $787-billion Program
02/11/09 Treasury Unveils Plan To Ease Credit
02/10/09 Senate Passes Economic Stimulus, Setting Up Negotiation With House
02/09/09 Revised Senate Stimulus Zeroes Out School Construction
02/04/09 Senate May Hike Infrastructure Aid
02/04/09 Canada Stimulus Yields $10 Billion for Infrastructure and Other Work
02/04/09 Weak Economy Saps Attendance At ‘World of Concrete’ Show
02/02/09 Senate Begins Floor Debate on $888-billion Stimulus
01/28/09 Does Senate Steps In With Its Proposal
01/28/09 Market Blues Overshadow Good Market Demographics
01/21/09 Proposal in House Fires Up Debate
01/21/09 Modest Program Favors Jump-Start Fix-up Effort
01/21/09 Does Massive Spending Help or Hurt in Long Run?
01/21/09 Highway Aid Has Some Strings Attached
01/21/09 Advocates Hope To Fly, Sail or Roll To Reform
01/21/09 Funds Will Energize Long-Delayed Projects
01/21/09 Green Systems on the List for GSA and DOD
01/21/09 A Big Drop, But It's A Really Huge Bucket
01/21/09 Funding Proposal Is Good Starting Point
01/21/09 Proposed Tax Breaks Offer Some Respite, Firms Say
01/21/09 Industry Suppliers Are Ready To Write Off 2009
01/21/09 $650-Million Infusion Small Help in California
01/14/09 Obama Seeks Quick Action on Stimulus
01/14/09 Developer Cuts Project Back, Cites Construction Flaws
01/14/09 Modest Rebound Checks Steep Decline in Fuel Prices
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