Companies - Articles - Page 185 | Engineering News-Record

Developer Sues TVA After It Halts Nuke Site Sale

December 5, 2018

The multibillion-dollar completion of a nuclear unit at the Tennessee Valley Authority’s unfinished 1,260-MW Bellefonte plant in Alabama is in limbo after the federal power producer refused to complete its sale to Nuclear Development LLC, which has since filed a breach of contract complaint in federal district court.

Aecon Sheds Mine Unit as Infrastructure Work Booms

Scott Van Voorhis

December 5, 2018

No Comments

Toronto contractor cites record backlog months after its sale to a China-government-owned firm was quashed, citing national security.

Parsons Corp. Reshuffles C-Suite Roles

November 29, 2018

No Comments

PCL Construction elevates Deron Brown to president.

Power Plant Project Failure

South Carolina Reaches $2-Billion Settlement Over Unfinished Nuclear Plant

Scott Judy

November 27, 2018

No Comments

South Carolina's hearings into the failed V.C. Summer nuclear project included dramatic testimony from a former SCANA vice president.

Construction Risk

Surety Disputes AECOM Hunt's Claim on Austin Hotel Subcontractor Default

Partial termination and proper notice is contested

Scott Van Voorhis

November 27, 2018

No Comments

An unusual countersuit by a surety is dismissed by a Texas judge.

Blasting to Success

LG Tops New Jersey Palisades After Rocky Road to Build New Headquarters

Tom Stabile

November 23, 2018

2 Comments

South Korean manufacturer went long, not high, after a three-year battle over an iconic site for its $300M North America base.

Dealmaking

Engineer Kleinfelder Set For Private Equity Purchase

Debra K. Rubin

November 23, 2018

No Comments

Wind Point Partners' majority stake at undisclosed price would stabilize California firm's finance structure and retain its identity, CEO says.

Inside the deal

Autodesk's Announced Acquisition of PlanGrid Aims to Tackle the Design-to-Construction Disconnect

Tom Sawyer

November 21, 2018

No Comments

Integrating design document creation and project execution into a unified platform is the strategic goal of Autodesk's $875 million acquisition of a tech startup that set out to replace blueprints with digital workflows delivered by mobile devices on jobsites, seven years ago.

Construction Forecast

Surveys: Markets Will Slow in 2019

Alisa Zevin

November 21, 2018

No Comments

Dodge chief economist Robert Murray and others see transportation sector growth, but declines in multifamily and other housing for an overall flat construction outlook.