Tutor Perini is struggling to shake off long-running concerns over the hundreds of millions in unbilled costs that have been on the contractor’s balance sheet for years.
The construction of Taiwan-based Foxconn Technology Group’s $10-billion liquid crystal display manufacturing plant along I-94 south of Milwaukee has made the Wisconsin Dept. of Transportation’s plan to equip its freeway with infrastructure for connected and autonomous vehicle technology more critical.
Gov. Jerry Brown (D) in late September vetoed a bill that would have directed California municipalities to create a database of structures that would be at risk of collapse as a result of seismic events.
It has been a long journey since Australia-based construction management software maker Aconex was acquired by Oracle last December in a $1.2-billion deal.