Companies - Articles - Page 115 | Engineering News-Record

2021 4Q Cost Report: Global Markets Could See Metrics Return to Pre-COVID Norms

Analysis shows that material costs may start to normalize.

December 22, 2021

Over the past year, consultant Currie & Brown’s global construction cost experts have reported consistent market trends and headwinds. Common experiences in all regions were post-pandemic recovery and historic hikes in materials prices.

Labor

2021 4Q Cost Report: 'Build Back Better' Bill May Be Both Better and Worse for Firms

Contractor groups see new incentives but also labor violation penalty hikes and added costs

Bruce Buckley

December 22, 2021

No Comments

The fate of federal spending legislation, dubbed the Build Back Better Act, is in doubt after Sen. Joe Manchin (D-W.Va.) publicly announced his opposition on Dec. 19, but President Joe Biden believes it will pass.

2021 4Q Cost Report: Markets Still Strong, but Doubts Grow for Execs

Confidence continues to slip as shortages remain acute.

Jonathan Keller

December 22, 2021

One Comment

The long awaited Infrastructure Investment and Jobs Act has been passed, but construction market confidence has continued to dip among industry executives.

Economics

2021 4Q Cost Report: Materials, Labor Woes Persist in Fourth Quarter

Experts are hopeful that issues currently plaguing the industry will ease in 2022.

Alisa Zevin

December 22, 2021

No Comments

As 2021 closes, the construction industry continues to cope with cost challenges related to labor, materials shortages and inflation.

Companies

MasTec Expands Power Work In $600M Deal to Buy Henkels & McCoy

CEO Jose R. Mas calls the deal the largest in the specialty contractor's history

Emell D. Adolphus

December 20, 2021

No Comments

The deal further diversifies the specialty construction giant's portfolio away from oil and gas related work.

Energy Construction

FERC Gets Tougher on Natural Gas Pipeline Pollution Violators

Mary B. Powers

Debra K. Rubin

December 19, 2021

No Comments

Energy Transfer Ohio line faces $40M federal fine for fuel dumped in drill mud, and Cheniere Oklahoma line could be penalized for construction debris left on private land; commissioners debate more rigorous agency scrutiny of environmental and climate change impacts in project approvals.

Editorial: Risk Variables Multiply in 2021 and 2022

ENR Editorial Board

December 17, 2021

No Comments

Industry reels from another year with a perplexing array of uncertainties.

Clean Energy Construction

GM Ramps Up To Expand Billions in US Battery and Supply Chain Production

Mary B. Powers

December 14, 2021

No Comments

Lansing, Mich., approved new tax breaks to attract a $2.5B announced factory, while other key facilities are under way in Ohio, Tennessee and elsewhere as part of a $35B U.S. electric vehicle investment by 2025.

Companies

Advanced Nuclear Power Developer NuScale Strikes Deal To Go Public

Debra K. Rubin

December 14, 2021

No Comments

The firm is valued at $1.9B in link with NASDAQ-traded investor, but Fluor stays a majority stakeholder and exclusive engineer-builder of planned small reactors for global clients.

Transit Construction

Bechtel Gains Role on $8.5B Toronto Rail, But Major Contracts Still Loom

Scott Van Voorhis

December 13, 2021

No Comments

Contractor is tapped as "delivery partner" for 9.7-mile rapid transit line, but officials are vague as to when two major construction contracts will be awarded next year, and a third bid.