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.
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.
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