Jordan Foster Construction will break ground on a $60-million reconstruction project next month on SH 130, in central Texas, to fix cracking and heaving problems along the 41-mile roadway.
Continued construction risk in public-private partnerships was a key topic for financing experts on a panel hosted by investment firm D.A. Davidson as part of its annual investor conference.
When former Harrisburg, Pa., Mayor Stephen Reed (D) and his aides set out to retrofit the city’s aging incinerator in late 2000, the project spun out of control over the coming years, enlarging the debt the city owed on the facility to $300 million and sinking Harrisburg into financial ruin.
As the construction industry has moved toward more collaborative forms of project delivery, many owners have begun engaging outside professionals who are known as owners project managers (OPMs).
The tech world is counting on construction professionals not only to keep informed about new technology but also to use leading-edge solutions to tackle intractable problems.