What Countries Stand as Strongest Supply-Chain Links?
Norway soars, Venezuela sinks in FM Global's supply-chain study. Related Links: Interactive Graphic of FM Global Supply-Chain Resilience Study Results Does your risk management strategy take into...
View ArticleFlorida Board Approves Bonds for $2.5-Billion Rail Line
A Florida state board's Aug. 5 agreement to issue $1.75 billion in tax-exempt bonds on behalf of a controversial 235-mile passenger-rail line project signals a key victory for the private company...
View ArticleJuly Construction Starts Unchanged Over June
Construction starts in July remained generally unchanged from June’s pace, holding steady in a market that has seen 19% growth during the first seven months of 2015, according to Dodge Data &...
View ArticleConstruction Spending Jumps in July from Year-Earlier Total
Construction spending continued its strong year-over-year gains, as the industry posted a 13.7% increase in July, to a $1.08-trillion annual rate, the Commerce Dept. has reported.
View ArticleWorleyParsons' Troubles Are Latest To Strike Australian Firms
Another Australian company has run into a rough patch. Sydney-based WorleyParsons has taken a beating from the downturn in the global oil business and a sluggish metals and minerals markets, declaring...
View ArticleAugust's Construction Starts Fall from July, But Are Up from 2014
New construction projects’ volume dipped 11% in August from the previous year’s level but results for 2015’s first eight months rose 15% year over year, Dodge Data & Analytics has reported.
View ArticleU.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, due to start construction in 2017.
View ArticleConstruction Aug. Spending Edges Up from July, Soars Year Over Year
Construction spending rose slightly in August from the previous month’s level, but posted a double-digit gain year over year, the U.S. Census Bureau has reported.
View ArticleSkanska and Surety Argue About Alleged Overpayments
A mediation is apparently underway between a surety and Skanska USA Building Inc. over obligations related to the default in 2013 of a glazing and window subcontractor on an Air Force project in Texas.
View ArticleSeptember Construction Starts Down From August But Rise Year Over Year
The value of new construction projects fell in September from August’s total but spending for 2015's first nine months continues to run ahead of the year-earlier level, Dodge Data and Analytics has...
View ArticleJudges Uphold Tappan Zee Bridge JV in Wage Dispute
A court verdict will save the contractor $7.2 million in wages paid for work on the new Tappan Zee Bridge project over the Hudson River.
View ArticleOutlook 2016: Slow and Modest vs. Fast and Furious
After a tentative start, the construction recovery hit full stride this year, and it is expected to keep pace in 2016, according to economists surveyed by ENR.
View ArticleDodge Construction Momentum Index Declined 4.8% in October
The Dodge Momentum Index fell 4.8%, to 125.2, in October from its September reading of 131.5.
View ArticleEnergy Dept. Greenlights New Nuke Loan Guarantees
Construction of power upgrades, small modular and advanced nuclear reactors are now eligible for funding under the Energy Dept.’s $12.5-billion nuclear loan guarantee program, the White House...
View ArticleNew Survey: Worldwide Construction Market to Grow 4% Annually to 2030
Under steady conditions, global construction output is set to grow, on average, by nearly 4% annually for the next 15 years—reaching, in constant 2014 dollars, $17.5 trillion by 2030, says an...
View ArticlePulse: Project News
Chocolate Factory LLC is planning to convert an 1860s-era, six-story, 240,000-sq-ft former mill complex, located in Mansfield, into 130 residential units and about 35,000 sq ft of commercial and...
View ArticleGOP Scrutiny for California High-Speed Rail Figures
Suspecting that the California High- Speed Rail Authority intentionally misled the state Legislature on costs, state Assembly Republicans are seeking to subpoena state documents on the estimated...
View ArticleCourt Upholds Rejection of Individual Surety Bond
Shortly before Congress adopted a measure to help curtail individual surety fraud, an appellate court decision seemed to make it more difficult for contractors who use individual surety bonds on public...
View ArticleTroubled $3.5B Baha Mar Resort Job May Be Resuscitated
The Export-Import Bank of China is in the final stages of striking a deal with two real estate magnates to complete construction of the stalled, $3.5-billion Baha Mar Resort project in the Bahamas.
View ArticleConstruction Starts Post Increases in October
Dodge Data & Analytics says projected volume was up 13% from September and increased 10% year-over-year so far.
View Article
