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Home » Topics » Business » Risk

Risk
Risk RSS Feed RSS

Racial discrimination complaints.png

Contractor J.A. Croson Reaches $1.6M Pact on Race Bias Charges

Richard Korman.jpeg
Richard Korman
September 3, 2024
No Comments

Florida-based specialty contractor denied the allegations outlined in a federal EEOC lawsuit but said settling the case was preferable to continued litigation.


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Clean Energy Construction

Green Hydrogen Projects Advance in Developing Atlantic Canada Hub

David Godkin
Debra K. Rubin
Debra K. Rubin
September 1, 2024
No Comments

Black & Veatch completed early stage design this year on one developer's project to build a first phase 240,000-ton-per-year green hydrogen plant in Nova Scotia, and is set for more work on a larger facility planned in Newfoundland.


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Transportation

NY Cuomo Bridge Lawsuit Focuses on Stay Cable Anchors

Jim Parsons
August 23, 2024
No Comments

NY State Thruway Authority is suing the Fluor-led bridge construction consortium for at least $6 million.


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Washington_Bridge_westbound_lanes,_Interstate_195.jpg

Rhode Island Sues 13 Industry Firms Over Flawed Interstate Bridge

Deteriorated westbound structure of 56-year-old Providence span carrying I-195 has been shut since December
Richard Korman.jpeg
Richard Korman
August 23, 2024
No Comments

Defendants include a contractor now at work to replace a deteriorated section of the 56-year-old Providence span carrying I-195 that has been shut since December


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Risk

Reports Highlight Compounding Impacts, Costs of Extreme Weather

Pam_McFarland
Pam McFarland
August 22, 2024
No Comments

With multiplying effects of more frequent and intense storms, infrastructure investments—despite recent historic funding—must take into account how to get the most bang for the buck, say climate change experts.




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ABI July 2024
Economics

Architecture Billings Index Hits 18th Monthly Decline, But Drop Slows

Jeff Yoders
Jeff Yoders
August 21, 2024
No Comments

More than half of firms say they continue to navigate difficult business conditions.


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Transportation

Settlement Issues Bog Down Louisiana Bridge Project, Resulting in Daily $10K Fines

Jim Parsons
August 16, 2024
No Comments

While the extent of settling is still being evaluated, it's enough to require the replacement of bridge approaches, pushing the completion of the project from April 2024 into 2025. 


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Decarbonization

Feds Target Labels to Ease Low-Carbon Product Use on Projects

Steel, glass, asphalt and concrete labeling will be prioritized under EPA program
Pam_McFarland
Pam McFarland
August 15, 2024
No Comments

New program will support development of more accurate product content rating system to boost agency and contractor purchases of low-carbon construction materials. 


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Viewpoint

How a Bankrupt Theater Chain Stiffing Contractor Graycor Led to Pay Protections For Subcontractors

A commentary on Massachusetts' prompt-pay law
Richard Korman.jpeg
Richard Korman
August 14, 2024
No Comments

The pandemic drove a theater chain into bankruptcy, leaving the prime contractor with unpaid invoices.


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A New Jersey Transit train crosses over a bridge, with a pink and blue sky in the background.

Risk Shift on Infrastructure Projects Includes Bigger Mobilization Payments

Contractors are working under more favorable terms
Richard Korman.jpeg
Richard Korman
August 9, 2024
No Comments

From Tutor Perini to ACS Group, risk control is gospel.


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