Richard Korman

Opinion: Will The Florida Condo Collapse Remind Americans of Their Aging Infrastructure?

July 1, 2021

Champlain Towers is a flashing red light about the expiration date having passed on much of the constructed environment.

Contract Disputes

Kiewit Said to Withdraw From $2B Newark, NJ AirTrain Competition

Richard Korman

June 23, 2021

No Comments

Contractor's exit appears linked to payment claim on completed Port Authority of New York-New Jersey Goethals Bridge P3 project.

Finance

Who May Feel Financial Pain Inflicted by Katerra's Bankruptcy

Where did the promise of innovation go wrong?

Richard Korman

June 10, 2021

One Comment

Unpaid trade creditors, obligations to sureties and speculation about what went wrong with the fast-moving startup.

Materials Inflation

Summer Bummer Shaping Up as Homebuilders Face Sky-High Lumber Prices

Richard Korman Stephanie Loder

Scott Van Voorhis

June 3, 2021

No Comments

Builders, contractors and distributors ponder what’s behind shocking price increases.

Risk Management

Prices Rise Sharply as Clouds Darken Construction Insurance Market for Buyers

Richard Korman

May 12, 2021

No Comments

Brokers report increases in major coverage types, with highest in excess and umbrellas.

Financial Reports

AECOM Reports Solid Q2 2021 Net Income

Financial performance in the quarter improves to $45.3 million

Richard Korman

May 10, 2021

No Comments

Troy Rudd, company chief executive officer, noted the uneven pace of economic recovery.

Coronavirus and Construction

Why Construction Workers Aren't Rushing To Get Vaccinated

Richard Korman

May 5, 2021

No Comments

A new study asked virus-hesitant workers to explain their anti-vaccine inclinations.

Pandemic Operations

Skanska Says COVID-19 Postponements Still Slow New Contract Awards

Richard Korman

May 3, 2021

2 Comments

The company reports modest gains in profitability even as construction revenue fell in the first quarter.

Construction Costs

Which Two U.S. Cities Are No Longer Among the World's Five With Highest Building Costs?

Richard Korman

April 23, 2021

No Comments

Is Detroit a more costly construction market than Delhi, India?

Prevailing wage prosecutions Pennsylvania

Construction Prosecutions

Pennsylvania Charges Contractor With $20-Million Prevailing Wage Violation

Richard Korman

April 13, 2021

No Comments

State attorney general claims Glenn O. Hawbaker Inc. diverted funds from craft workers' pension benefits to other employee profit sharing.

Articles by Richard Korman

Opinion: Will The Florida Condo Collapse Remind Americans of Their Aging Infrastructure?

Kiewit Said to Withdraw From $2B Newark, NJ AirTrain Competition

Who May Feel Financial Pain Inflicted by Katerra's Bankruptcy

Summer Bummer Shaping Up as Homebuilders Face Sky-High Lumber Prices

Prices Rise Sharply as Clouds Darken Construction Insurance Market for Buyers

AECOM Reports Solid Q2 2021 Net Income

Why Construction Workers Aren't Rushing To Get Vaccinated

Skanska Says COVID-19 Postponements Still Slow New Contract Awards

Which Two U.S. Cities Are No Longer Among the World's Five With Highest Building Costs?

Pennsylvania Charges Contractor With $20-Million Prevailing Wage Violation

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