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Design-Build Team Decides to Leave Maryland Purple Line Rail Project

Jim_Parsons

May 2, 2020

Consortium that includes Fluor, Lane Construction and Traylor Bros. says it could not obtain time and cost relief from the state on much-watched P3 project.

AGC Letter to Mnuchin

Coronavirus and Construction

New 'Paycheck Protection' Loan Guidelines Worry Contractors

Tom Ichniowski

May 1, 2020

AGC CEO cites "severe and urgent" concerns, urges Treasury Secretary to revise new PPP guidance.

Workers in New York City

Managing Human Assets Gets Harder in the COVID-19 Era

Scott Van Voorhis

Debra K. Rubin

April 29, 2020

Along with financial help to cope with COVID-19 impacts, North American industry firms need HR staffs to untie all the strings attached

KidZania amusement center in Frisco

Pandemic Finance

Cashflow and Pay Rise As Key Metrics in Economic Crisis

Richard Korman.jpeg

April 29, 2020

Turner Construction Co. and the architect for the first KidZania children’s amusement center in the U.S., which opened in Frisco, Texas, in November, claim in liens filed early this year that the company owes them more than $8 million.

'Paycheck Protection' Loan Program May Soon Commit All Its Funds

Tom Ichniowski

April 29, 2020

Small businesses,including many in construction and engineering, have quickly lined up to apply for a second round of Paycheck Protection Program loans after Congress approved $310 billion to restart the popular program.

Finance

Skanska Posted Record Q1 Revenue. Outlook for Q2? Not So Great

The company says 370 projects are affected by virus-related delays or added costs

Richard Korman.jpeg

April 29, 2020

The company says in results call that its second-quarter is filled with uncertainty.

sba program

Coronavirus and Construction

Update: Trump Signs Bill to Add $310B to 'Paycheck Protection' Loan Program

Tom Ichniowski

April 24, 2020

Construction groups now hope to see substantial infrastructure funding in a future, as yet undrafted, bill.

Coronavirus and Construction

Senate Votes to Add $310B to 'Paycheck Protection' Loans, $75B for Health Care

Tom Ichniowski

April 21, 2020

House of Representatives action is the package's next step.

Coronavirus and Construction

Airports Plan to Apply for Shares of $10B in CARES Act Grants

Tom Ichniowski

Aileen Cho

April 17, 2020

Because of workforce-retention requirements, most of the funds are likely to go for payroll, not construction.

Prompt Pay

Kidzania’s U.S. Debut Involves $8M Lien Filing By Turner Construction

Texas amusement center opened last November

Richard Korman.jpeg

April 17, 2020

Architect and subcontractors also filed multi-six-figure liens.

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