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As interest rate hikes slow market inflation, more owners turn to third-party managers to weigh project costs and seek savings.

Consulting giant gains a foothold in $88B construction program management market.

CM of 3.5-million-sq-ft American Dream retail-entertainment venue seeks funds for unpaid invoices and interest.from lead lender JP Morgan Chase, as agent for financially struggling project developer.

Speculated water utilities deal is official, following federal trial halt June 5 of a $100-million claim by Stuart, Fla., which seeks to recover from chemicals firm mitigation costs to reduce contamination in its drinking water supply.

The firm has signed two agreements with Ukrainian officials related to project management, cost estimating standards and gaining investors for the country's plans to rebuild infrastructure damaged by the Russian invasion.

The project team is seeking contractors for various pieces of the stadium construction.

Still-strong manufacturing sector will spur the economy in the second half of the year, said the market forecaster.

Protests by Fluor and CDM Smith had challenged emergency response agency bid evaluation as too subjective and objected to a single-award blanket purchase agreement.

Inflated costs, crunched schedules and materials delays are driving a greater interest in alternative project delivery methods, firms say—which is reflected in last year’s rise in design-build and construction management-at-risk revenue.

Second Massachusetts project, SouthCoast Wind, files to terminate project power agreement, and could face up to a $60-million fine, while developers in New York and New Jersey seek contract cost adjustments