Finance - Articles - Page 117 | Engineering News-Record

Construction Risk Management

Contractors Request and Pay For Untested Builders Risk Exclusions

Will exclusions that provide more flexibility on coverage for defects help limit litigation?

January 24, 2017

Until recently, the list of what would be covered or excluded in a typical builders risk insurance policy was often a cut-and-dried affair.

BP Moves Lower 48 HQ to Denver

January 19, 2017

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Officials at BP’s U.S. Lower 48 business unit say they will relocate the multinational energy company’s headquarters to Denver from Houston, with the move expected to be complete in early 2018.

Project Executive Saw the Big Picture to Keep P3 Tunnel Team Moving

Jim Parsons

January 18, 2017

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Manager prevented culture clash to deliver Virginia’s Elizabeth River Tunnels project, the first all- concrete tunnel designed for deepwater immersion.

Infrastructure Investment

DOT Nominee Chao Breezes Through Confirmation Hearing

Senators try to get details of Trump infrastructure plan, with little success.

Tom Ichniowski

January 11, 2017

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Chao says Trump plan will have "mix of practical solutions—both public and private"

Cuomo Proposes $10 Billion John F. Kennedy Airport Upgrade

Alisa Zevin

January 11, 2017

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John F. Kennedy International Airport will join two other major New York City-area airports in major upgrades getting underway.

EPA Awards $3.8B in Grants to 19 Communities for Site Rehab

January 11, 2017

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The U.S. Environmental Protection Agency has awarded grants totaling $3.8 million to 19 U.S. communities in 18 states to plan rehabilitation of brownfields, the agency said on Jan. 5.

Infrastructure Projects

Study: 40 Projects Promise Big Economic Boosts, But Face Hurdles

Treasury: Lack of funds is key factor holding up most projects

Tom Ichniowski

January 6, 2017

One Comment

Report says infrastructure projects' capital costs total $330 billion; benefits range from $500 billion to $1 trillion.

Construction Economics

Construction Nov. Spending Up Slightly From Oct. Level

Census Bureau report also shows 4.1% gain from year-earlier spending figure

Tom Ichniowski

January 3, 2017

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Industry economists note that Nov. $1.18-trillion rate was highest since 2006; nonresidential sector's level strongest in eight years.

Construction Unions

Treasury OKs Construction Union Pension Plan's Benefit-Cut Request

Ironworkers local's pension-plan members to vote on the proposed reductions

Tom Ichniowski

December 27, 2016

One Comment

Decision is Treasury's first benefit-cut approval under 2014 multi-employer pension law.

2016 Q4 Cost Report

A Brexit Bump for Germany?

Peter Reina

Debra K. Rubin

December 21, 2016

No Comments

The U.K.’s Brexit vote last June, which called for it to exit membership in the European Union, is among factors that lowered midterm expectations for the region’s construction market, says a November report from the Euroconstruct forecasters from 19 European countries.