Companies - Articles - Page 161 | Engineering News-Record

Oil and Gas Giants Recommit To Renewables Amid COVID-19

April 29, 2020

With COVID-19 economic slowdowns, and the resulting drop in demand for oil, gas and electricity, the outlook for traditional energy sector growth and capital investment is dim, if not outright grim.

Finance

Skanska Posted Record Q1 Revenue. Outlook for Q2? Not So Great

The company says 370 projects are affected by virus-related delays or added costs

Richard Korman

April 29, 2020

No Comments

The company says in results call that its second-quarter is filled with uncertainty.

Coal-Ash Spill Cleanup Workers Reject Reputed $10M Exposure Settlement

Mary B. Powers

April 21, 2020

One Comment

Group of 52 refuses project manager Jacobs' pay offer and seeks trial over illnesses claimed from remediating huge 2008 Tennessee accident.

Ontario, Quebec Ease COVID-19 'Essential' Construction Rules

Scott Van Voorhis

April 20, 2020

No Comments

Ontario will allow 24/7 healthcare, residential work to boost flexibility; Quebec reopened projects April 20 with added compliance.

CEOs Detail Virus-Reshaped Business Realities

Debra K. Rubin

April 19, 2020

No Comments

Market contraction and bottom-line hits are set to plague AEC sector through 2021, but firms push to keep staff in place, chiefs say in surveys.

Prompt Pay

Kidzania’s U.S. Debut Involves $8M Lien Filing By Turner Construction

Texas amusement center opened last November

Richard Korman

April 17, 2020

No Comments

Architect and subcontractors also filed multi-six-figure liens.

Coronavirus and Construction

Update: Construction Tops Industries in Paycheck Protection Loan Volume

But SBA says all of the program's funding was exhausted by April 16

Tom Ichniowski

April 17, 2020

No Comments

Updated figures show construction companies received $44.9 million in PPP loans, more than any other industry.

Whistleblower Suit Dismissed Against AECOM on $1.9B U.S. Army Contract

Mary B. Powers

April 16, 2020

No Comments

Federal judge rejects former finance manager's charges of overbilling and other violations, citing "underlying invalidity of the merits."

Industry M&As Take COVID-19 Hit, But Deals Aren't Dead Yet

Debra K. Rubin

April 15, 2020

No Comments

Industry brokers say the virus has not cancelled transactions but has put the brakes on speed of completion, with valuation uncertainties; U.S. payroll loan could also complicate sales.

Feds' Construction 'Economic Revival' Team Picked as Eased Social-Distance Guidance Goes to States

Erica Berardi

Debra K. Rubin

April 15, 2020

No Comments

Construction firm, union and trade group execs will provide post-COVID-19 market startup advice while Trump tells governors: "You're going to call your own shots."