From brick-and-mortar construction projects to providing school meals, U.K. contractor Carillion PLC was a major government supplier before spiraling debt forced it into bankruptcy on Jan. 15.
A Denver contractor will not have to pay the U.S. Army Corps of Engineers savings from the use of an alternative construction method on a Texas bridge project, even though the agency did not formally approve the
deviation from the contract specification.
Local officials say sitework is set to start in spring at the 2,500-acre cotton field near Huntsville, Ala., where automakers Toyota and Mazda on Jan. 10 announced a $1.6-billion manufacturing plant to employ about 4,000 and produce 300,000 vehicles annually.
Government and partners take steps to secure contracts, employee pay as lenders bail on deal to fix firm's $2.1 billion debt; some fears of industry-wide impacts.
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