A four-year legal spat over the Hoover Dam bypass project’s collapsed cableways has ended in a private settlement stemming from an April 20 arbitration ruling. A joint venture of Obayashi Corp., San Francisco, with PSM Construction USA Inc., Brisbane, Calif., will reimburse American Bridge Co., Coraopolis, Pa., an undisclosed amount for a cableway system that broke in 2006, causing a two-year delay. In 2005, the joint venture signed a two-year, $105,000-a-month lease with American Bridge Co. to use two pairs of refurbished, 330-ft-tall lattice-framed towers with 2,500 ft of 3-in-dia. cableway strung between them. The so-called high lines function like
The growing need to collect, store and analyze the huge volumes of data collected from infrastructure project stakeholders is generating a new growth area for construction-sector firms, IT vendors and professionals.