Risk - Articles - Page 96 | Engineering News-Record

Market Outlook

Construction Activity Rises in All Regions, Says Global Survey

Alisa Zevin

May 13, 2021

No Comments

Despite concerns about a hike in materials costs, worldwide construction markets report a growing recovery.

Clean Energy Development

First Large-Scale US Offshore Wind Project OK'ed For Construction

Mary B. Powers

Debra K. Rubin

May 12, 2021

No Comments

$2.8B, 800MW Vineyard Wind, off Massachusetts, wins U.S. approval to be built under a PLA, as next 800MW state project moves ahead and new ocean real estate is auctioned to add more capacity.

Risk Management

Prices Rise Sharply as Clouds Darken Construction Insurance Market for Buyers

Richard Korman

May 12, 2021

No Comments

Brokers report increases in major coverage types, with highest in excess and umbrellas.

Financial Reports

AECOM Reports Solid Q2 2021 Net Income

Financial performance in the quarter improves to $45.3 million

Richard Korman

May 10, 2021

No Comments

Troy Rudd, company chief executive officer, noted the uneven pace of economic recovery.

Energy Construction

Trans Mountain Oil Line Can Hide Insurer Names, Canada Regulator Says

Scott Van Voorhis

May 10, 2021

No Comments

Ruling comes as opponents target its $10.2B expansion that includes pressure on insurers to cut ties; Lloyd's of London unit will drop the project in August

Pay Inequities Are a Symptom of Broader Gender Biases, Studies Show

Groundbreaking Women in Construction conference addresses industry diversity, inclusion challenges ahead

May 9, 2021

Inclusion and equity drives bottom line results, said experts at ENR talent development conference May 4-6.

Acquisitions

Energy Builder MasTec Boosts Pivot In $420M Power Firm INTREN Buy

Debra K. Rubin

May 6, 2021

No Comments

Link creates $8B operation that pushes leading pipeline contractor toward other niches and is industry's largest minority and woman-owned company.

Feds to Repair Damage From Halted Border Wall Work in Texas, California

Mary B. Powers

May 5, 2021

One Comment

Homeland Security Dept. moves on Rio Grande levee breaches after locals push back; amounts of Biden cancelled wall contracts held by firms are tallied.