Last week, United States Secretary of Transportation Elaine Chao announced that the U.S. Department of Transportation (DOT) has allotted $520.5 million to fund grants for airport infrastructure projects in 287 airports across the U.S.
NEW JERSEY (February 18, 2020)—Total construction starts slipped 6% from December to January to a seasonally adjusted annual rate of $759.2 billion.
On Tuesday, Fluor Corporation announced its financial results for fiscal year 2019 and Q4 of 2019, as well as the news that the United States Securities and Exchange Commission (SEC) is conducting an investigation into the company's past accounting and financi
NATIONAL—Last week, President Donald Trump's administration and the Pentagon announced plans to redirect $3.8 billion from the Defense Department's budget to fund the construction of the United States-Mexican border wall.
NEW JERSEY (Feb. 10, 2019)—The value of commercial and multifamily construction starts in the top 20 metropolitan areas of the United States gained 11% in 2019, reaching $139.6 billion, according to Dodge Data & Analytics.
NEW YORK (Jan. 29, 2020)—Dodge Data & Analytics released the findings of a landmark study that provides a comprehensive examination of the current state and future expectations for prefabrication and modular construction.
NATIONAL (Jan. 27, 2020)—Nonresidential construction spending on buildings is projected to grow by just 1.5% through 2020, and less than a 1% increase in 2021, according to a new consensus forecast from The American Institute of Architects (AIA).
Does your company offer work in New York? If it doesn't currently, you might want to consider it. There's potentially a wealth of opportunity in the next few years for infrastructure contractors, thanks to New York Governor Andrew Cuomo.
McDermott International, an energy contractor headquartered in Houston, Texas, announced in a press release this week that it is filing for a Chapter 11 bankruptcy as part of a restructuring strategy.
Things have been busy in Washington lately, in a surprise to no one. The good news, though, is that some of what's happened could potentially lead to lower materials prices for the construction industry—or at least the mitigation of price fluctuation.
Washington, D.C. (Jan. 13, 2020)—The American Institute of Architects (AIA) applauds Energy and Commerce Committee Chairman Frank Pallone, Jr.
Portland, Oregon (Jan.
Hawaii, a planning, design and consulting firm, announced the merger of their two Kama'aina firms to offer enhanced services and capabilities to their clients. The transaction closed January 1, 2020 with the two companies sharing their unified vision for client-focused culture.