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 reported.
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.
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.
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.
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.
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 a nearly $55-million loss for its latest business year.
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.
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 & Analytics.
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 developing the Miami-to-Orlando system.