Miami has been maintaining its construction news-making trend, with a string of construction-related headlines including celebrities, lawsuits, legal settlements and even speculation from South Florida’s "Condo King" about a potential housing bubble.
Although Florida’s energy-efficiency program, known as PACE, has existed since 2010, recent developments could make it a more viable option to help fund certain commercial capital improvement projects.
In a huge deal that Wall Steet analysts said posed both rewards and risks for its key participants, Chicago Bridge & Iron on Oct. 27 said it would sell its nuclear construction business in the U.S. and China to Westinhouse Electric.
The North Carolina Dept. of Labor is proposing a fine of more than $150,000 for one of the contractors involved in a March 23 scaffolding collapse on the 11-story Charter Square building project in Raleigh that killed three workers.
A subsidiary of China Construction America (CCA), as well as the Bahamian government, are taking separate steps aimed at preventing the developer of a stalled, nearly complete resort project from attaining protection from creditors via bankruptcy.
As continuing construction delays cause financing and related costs to mount, time is starting to put "significant" strain upon the Plant Vogtle nuclear expansion project's economics, according to recent testimony presented to the Georgia Public Service Commission by Georgia Power, state monitors and others.
As part of a streamlining announced last December, Houston-based engineer-contractor KBR is selling its building construction unit to Illinois construction firm Pernix Group Inc. for $28 million, including $6 million in working capital, the firms said June 10. R
TOM MURPHYTom C. Murphy (top) and Sean Murphy were named co-presidents of Coastal Construction Group, Miami. Tom oversees business development, preconstruction services and owner contract negotiations.
C.W. Matthews Contracting Co., one of Georgia's largest roadbuilders, came to an agreement with the U.S. Federal Highway Administration to pay a $1-million fine as part of a settlement over false claims related to the disadvantaged-business-enterprise program. Related Links: McHugh Construction Pays $12M to Settle Federal, State DBE Charges Georgia Picks Archer Western, Hubbard Team for $840M Northwest Corridor P3 Project A federal investigation concluded that, from 2007 to 2010, the contractor filed "false and misleading" reports that work was performed by a certified DBE trucking firm when, in fact, a non-DBE firm had completed it.Under the agreement, the Marietta,
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