Transportation infrastructure stakeholders say it’s a good time to be in the business, despite myriad challenges, and they are holding out hope for bipartisan agreements on federal funding and regulatory reform.
InEight, a developer of construction project management software, has acquired BASIS, a planning-assist tool built for capital projects that complements and enhances critical path method scheduling. BASIS uses artificial intelligence to guide planners to improved project plans.
After acquiring Amec Foster Wheeler in a $2.6-billion deal earlier this year, Wood Group plc has set a strategy to get some of the debt from the acquisition off its balance sheet, says CFO David Kemp.
As October rolls in, slow-moving flood crests and sluggish drainage persisting weeks after the passage of Hurricane Florence are leaving large eastern areas in the affected states too inundated for accurate damage assessments.
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.