Granite Construction | Engineering News-Record

Finance

Granite Construction Claims Staff, Managers Gave Auditors 'Potentially Misleading' Data

Richard Korman

February 23, 2021

No Comments

The company says it has received SEC subpoenas.

Lane Sues Skanska Over I-4 Ultimate Project

Construction Lawsuits

Lane Construction Sues JV Partner Skanska Over Orlando I-4 Project

Scott Judy

January 26, 2021

3 Comments

Lane says that the contractors stand to "suffer enormous financial losses."

Executive News

Granite, STV Leaders Shift; Buyouts Change Titles for American Bridge, LTK CEOs

Debra K. Rubin

October 2, 2020

No Comments

Granite elevates COO amid ongoing financial review; STV chief Milo Riverso departs; US contractor buys American Bridge from long-time Taiwan owner

Granite-Wadsworth Team Awarded $348M Utah Contract

January 8, 2020

No Comments

A 60-40 joint venture of Granite Construction Inc. and Ralph L. Wadsworth Construction Co. LLC has won a $348-million progressive design-build contract to upgrade a stretch of U.S. 89 in Utah.

Fixing Construction's Fixed-Price Conundrum

November 20, 2019

As risks rise higher on fixed-price P3 and other projects for builders, financiers and owners, participants refine—and rethink—their delivery strategies.

Company Results

Granite Construction Takes Another Quarter Hit Linked to Project Issues

Erica Berardi

Debra K. Rubin

October 25, 2019

No Comments

Heavy civil job disputes are key in net income down 60% from year earlier and missed revenue; firm now pushing to "de-risk" large project portfolio.

Transportation

New York City Opens Second Span of Kosciuszko Bridge

City's first bridge since 1964 comes in four years ahead of schedule

Jim Parsons

August 29, 2019

No Comments

Light and music show marks the official opening of $318-million phase on August 28.

After Bottom-Line Hits, More Firms Exit Fixed-Price Work

Debra K. Rubin

Mary B. Powers

August 7, 2019

No Comments

Executives move to contain project losses, owners face cost-rise; job completion may become biggest risk, says infrastructure financier.

The Florida Infrastructure

Finalists Selected For New Planned $814M Tampa Bay Bridge

Richard Korman

March 19, 2019

No Comments

A team of Granite and Boh Bros. scored highest on the first phase of the competition.

Caltrans Selects Granite for Two Projects Worth More Than $520 Million

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Greg Aragon

December 26, 2018

No Comments

The Watsonville contractor was tapped for the Highway 101 Carpinteria to Santa Barbara project as well as the Cosumnes Bridge replacement project in Sacramento County.