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KBR Boosts Diversification With Planned $570M Buy of Tech Firm

May 25, 2016

KBR Inc., Houston, on May 23 said it would acquire Wyle Inc., an El Segundo, Calif.-based provider of specialized engineering and professional services, mostly to the U.S. government.

Construction Risk Managment

Some Sureties Cut Subcontractor Default Claim Response Time

Prime contractors seek faster replies to claims on performance-related surety bonds

Richard Korman.jpeg

May 19, 2016

Prime contractors seek faster replies to claims on performance-related surety bonds.

Dodge Momentum Index

2016 Construction Starts Down 10% Through First Quarter

May 18, 2016

Through the first quarter of this year, the dollar value of total construction starts was down 10% from the same period of last year, according to Dodge Data & Analytics’ latest report.

Flood Insurance

A Step Toward Disaster-Recovery Sanity

Congress can open the door to private flood insurance

May 11, 2016

The U.S. House of Representatives edged U.S. flood insurance policy—and with it, risk financing needed to rebuild after losses from flooding—closer to rationality with a unanimous vote April 28.

Construction Risk Management

Surety Bond Claims on Abengoa Could Hit $200 Million

A court ruling leaves less room for Liberty Mutual, Zurich and others to recoup surety bond claims

Richard Korman.jpeg

May 6, 2016

Most of the potential loss involves an electrical power plant in Oregon.

Construction Risk Management

Orascom Records Loss Tied to Iowa Project Cost Overruns

The contractor and a major subcontractor are contesting contract cost overruns in court

Richard Korman.jpeg

May 6, 2016

The contractor and a major subcontractor are waging a construction contract dispute in federal court

Viewpoint Default Image

Workforce Education

We Should Put Our Money Where the Jobs Are

May 4, 2016

We need to update our approach toward career and technical education (CTE).

Construction Economics

Construction March Spending Up Vs. Feb., Year-Earlier Levels

Tom Ichniowski

May 2, 2016

Commerce Dept. report says value of construction finished in March increased just 0.3% from February but rose 8% year over year.

Textura in Chicago

Oracle Is Buying Textura for $663 Million

Textura was founded in 2004 by three former PwC partners who sought to automate construction payments

Tudor Van Hampton

Tudor Van Hampton

April 28, 2016

Construction payment tech provider Textura Corp. has inked a sale to Oracle for $26 per share of stock, valued at roughly $663 million.

Construction Law

Supreme Court's Power Plant Decision: The Positive Side

Observers say the Maryland ruling will not significantly impact state efforts to push energy projects

April 21, 2016

Observers say the ruling will not significantly impact state efforts to push energy projects.

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