Related Links: FMI Website PricewaterhouseCoopers/engineering&construction practice website Acquisition has been a key component of construction-firm growth strategy in recent years. Recent surveys indicate that economic and political uncertainties have slowed the buying and selling trend in 2012, which makes attention to risk factors in an M&A deal all the more critical.PricewaterhouseCoopers reported 30 global engineering- and construction-sector deals (those worth $50 million or more), for a total of $11.8 billion, in this year's third quarter ending Sept. 30, compared to 52 deals worth nearly $22.7 billion for the same quarter last year.H. Kent Goetjen, PwC's E&C sector leader, says the
Illustration by Edel Rodriguez As part of a tabulation, analysis and review of lawsuits filed in the last decade, ENR found that most claims for sexual harassment, including those lodged over same-sex harassment by men, were defeated without a full trial or reversed on appeal. Research by Barbara Mende Ten years of data on construction-related sexual harassment lawsuits. Related Links: Judges Overturn Same-Sex Harassment Verdict Editorial: Justice Denied in Boh Bros. Same-Sex Harass Verdict Viewpoint: Tell Bullies to Step Off What Companies Do to Fend Off Abuse SPECIAL INVESTIGATION In the first few months of 2007, John Cherry worked on
Infrastructure projects could get a cash boost from Nov. 6 voting, with about $3.2 billion in state measures and some $36 billion in local initiatives passed, according to analyses and media reports.The American Road & Transportation Builders Association says 68% of its tracked measures passed, totaling $2.4 billion for road upgrades, including a tax hike in Arkansas set to raise $1.3 billion over 10 years. Among local measures approved was a sales-tax hike in Orange County, N.C., set to raise $661 million over 30 years. New Jersey voters said yes to $750 million for higher education, and those in Connecticut
Nearly three weeks after Superstorm Sandy hit the New York, New Jersey and Connecticut coastline with an unprecedented combination of wind and storm surge, public-private teams have largely dealt with power outages and flood emergencies and now are turning their attention to damage in infrastructure and to longer-term restoration, debris cleanup, structural assessments and housing for the thousands who were displaced.
Related Links: Insurance Risk Management Institute (IRMI) Risk and Insurance conferenes website August 2012 Appellate Court ruling in PORT OF HOUSTON AUTHORITY OF HARRIS COUNTY v. ZACHRY CONSTRUCTION CORPORATION Insurance reps, contractor risk managers and attorneys highlighted looming new risks at the Insurance Risk Management Institute's construction conference, held in Orlando, Fla., from Nov. 12 to Nov. 15, that could spell new bottom-line impacts and a need for more vigilance.William B. Noonan, risk-management vice president for contractor StructureTone, noted the importance of having builders' risk policies "during construction" as well as blanket wrap-up coverages offered by owners or contractors. But
Related Links: Storm Surge Switches the Grid to 'Off' New York Ponders Plan For Next Storm Prices for Windstorm Coverage May Not Be Changed Structural Damage Assessors Decide Whether Storm-Damaged Houses Can Be Entered With NYC Tower Crane Secure, Plan Shifts To Recovery Ten days after Superstorm Sandy—a deadly, devastating late-season weather system—made landfal, construction industry participants from across the country joined overwhelmed public officials to restore crippled infrastructure and reshape an altered landscape in New York, New Jersey and nearby states.Crews also were dealing with as many as 300,000 new customer outages in the wake of a Nov. 7
New York State officials have apparently selected a Fluor Corp.-led team to continue negotiations for the contract to design and build the replacement Tappan Zee Bridge across the Hudson River, an estimated $5.2 billion-contract, according to several industry sources close to the competition and a published report.
Related Links: Corps Rebids Protested Flood Control Project, With Changes Seattle-Based Construction Attorney Robynne Thaxton Parkinson's Analysis of Dispute Two weeks after the Corps of Engineers re-awarded the contract to build a massive permanent flood-control structure in New Orleans, the job's procurement nightmare goes on.The latest chapter follows 18 months of bid protests, a court challenge and a forced rebid.Bechtel Infrastructure and CDM Smith-led CBY Design-Builders, losing bidders to PCCP Constructors, a Kiewit-led team that won the $629.5-million contract on Sept. 29, protested the re-award to the U.S. Government Accountability Office on Oct. 15.The protests by Kiewit and Bechtel started
