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Tag: construction: Page 245
Business
Biden announces 10,000 stimulus-funded transportation projects underway in all 50 states
Vice President Joe Biden today announced that 10,000 transportation projects are now under way in all 50 states and the District of Columbia thanks to the American Recovery and Reinvestment Act (ARRA), a.k.a. “the stimulus.” Projects are considered under way when a contractor has been hired, the project has received official notice to proceed, and […]
March 19, 2010
Business
The best bill to ever come out of Congress
Forget everything else the Federal government is doing now. The Natural Gas bill, aka HR 1835 is coming up for a vote. If it passes it will do more to boost the economy, strengthen our balance of trade deficit and put more people to work than any other single initiative. It would also be a boon for the construction […]
March 4, 2010
Roadbuilding
Biden announces states meet deadline for 100 percent of stimulus funds
States head into spring construction season with more than 12,000 Recovery Act projects funded, nearly 7,800 already underway CLERMONT, Fla. – At a RecoveryAct construction site outside Orlando today, Vice President Joe Biden and U.S. Transportation Secretary Ray LaHood announced that every state and the District of Columbia met the March 2 Recovery Act deadline […]
March 1, 2010
Home
Granite Construction joint venture team awarded $659 million contract to build Queens Bored Tunnels, structures in New York
Watsonville, Calif.-based Granite Construction Inc. announced on Sept. 29 that a joint venture team comprised of Granite Construction Northeast Inc., Traylor Bros. and Frontier-Kemper Constructors, Inc., has been awarded a $659 million contract by the MTA Capital Construction to build the Queens Bored Tunnels and Structures for Long Island Rail Road’s (LIRR) East Side Access […]
February 25, 2010
Home
Cash for caulkers: $57K per home
If there were ever a good example of why the government should stop trying to do feel-good, small bore projects this is it. The numbers are coming in on the home weatherization portion of the stimulus bill, aka the cash for caulkers program and it appears that for each home weatherized the government has spent […]
February 25, 2010
Home
Rebar manufacturers ramp up
Some questions the wisdom of this move, given the dismal state of construction and the economy. But Nucor doesn’t make many mistakes. It’s likely they’re positioning themselves for the rebound, even if it is a year away.
January 28, 2010
Home
Rebar manufacturers ramp up
Some would question this move given the dismal state of the construction industry, but Nucor isn’t a company known for making mistakes. They’re probably positioning themselves for the rebound, as are homebuilders who’ve been buying up land.
January 28, 2010
Business
Chinese fabricate parts for iconic bridge
One of the most famous bridges in the United States is being rebuild from engineered components built in China. San Francisco area unions put up a big protest, but at half the cost of U.S. sourcing, the Chinese bid won out.
January 26, 2010
Home
How not to handle big construction contracts
On the Pinellas County (Florida) jail project, the county and contractor decided to settle, rather than litigate. Contractor Skanska wanted $7 million in the final payment. They got $2 million. According to the St. Petersburg Times: “Officials said that at the outset the county failed to develop a firm estimate of what the project would cost. […]
January 15, 2010
Home
Concrete testing labs under investigation
If you’ve poured any structural concrete in or around the Northeast in the last few years, pay attention to this. New York’s largest concrete testing lab is under investigation for falsifying reports. Construction managers on transit jobs that used these services are being asked to double check their concrete’s integrity independently.
January 15, 2010
Home
Grab a slice of that DoD pie
One of the few bright spots in the construction industry is the work that’s being done on military bases, funded by the Department of Defense. The American Recovery and Reinvestment Act (aka the stimulus bill) alone provides for $7.4 billion in constructionon military housing, hospitals and other facilities. And unlike the ARRA money for highway […]
January 15, 2010
Construction Equipment
Terex agrees to pay $8 million to settle fraud charges by SEC, admits no wrongdoing
The Securities and Exchange Commission yesterday charged Westport, Conn.-based heavy equipment manufacturer Terex Corp. with accounting fraud for making material misstatements in its own financial reports to investors, as well as aiding and abetting a fraudulent accounting scheme at United Rentals, Inc. (URI), another Connecticut-based public company. Terex has agreed to settle the SEC’s charges […]
January 15, 2010
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