J.A. Jones Distancing Itself From Bankrupt German Parent
Failing to win support from creditors for a restructuring plan, Holzmann filed for insolvency March 21 at a Frankfurt court. An insolvency team quickly moved in, led by a court-appointed attorney.
Publication Date: 01 April , 2002
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The Shaw Group Branches Out
There are a few people in the powerplant construction business who would love to see James M. Bernhard Jr., the smooth-talking multimillionaire chairman of what is probably the world's most sophisticated p
Publication Date: 01 April , 2002
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Probes Eye Union Chiefs' Trades
According to press reports confirmed by union and other sources, the investigations are focused on trading privileges that allegedly allowed ULLICO's board members to profit from the purchase and sale of its shar
Publication Date: 25 March , 2002
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Carpenters Take Center Stage
Membership in the United Brotherhood of Carpenters and Joiners of America is on the rise, the union's state-of-the-art training center opened its doors in Las Vegas in January 2001 and tenants have begun moving into the new trophy headquarters b
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Publication Date: 18 March , 2002
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First Quarterly Cost Report - Equipment
The recession may have been a mild one for the U.S. economy as a whole, but certain parts of the construction industry have taken a beating. Equipment makers are consolidating, rental firms are reorganizin
Publication Date: 18 March , 2002
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First Quarterly Cost Report - Maintenance
The nonstop pace of demolition, debris removal and site stabilization at Manhattan's World Trade Center complex has certainly taken its toll on construction workers. But the cleanup's six-month, 24/7 opera
Publication Date: 18 March , 2002
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First Quarterly Cost Report - Summary
In last year's September cost issue, ENR reported there initially would be a severe economic shock in the wake of the terrorist attacks on the U.S., but the economy would rebound by the first half of 2002.
Publication Date: 18 March , 2002
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Team Plans to Share Training Costs
In what may be an industry first, industrial owners and contractors in Southern California are close to signing an agreement to share the cost of training craft workers.
Publication Date: 18 March , 2002
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Open Shop Flexes Politically and Targets 2002 Senate Races
"I think that we turned the tide in Florida, no doubt in my mind that we made a difference," said Eddie Rispone, chairman of Industrial Specialty Contractors Inc. In addition to raising funds for Bush,
Publication Date: 11 March , 2002
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Report Stresses Terrorism Gap
The Feb. 27 report by the General Accounting Office underscores the need for terrorism insurance protection in the aftermath of the September terrorist attacks. Since January commercial terrorism insurance has be
Publication Date: 11 March , 2002
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Carpenters Lay Out Conditions For Returning To Building Trades
The war of words is escalating between the carpenters' union and the head of the AFL-CIO's Building and Construction Trades Dept.
Publication Date: 04 March , 2002
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Equipment Markets are Wobbly As CONEXPO-CON/AGG Show Nears
Construction equipment issues will be thrashed out in depth March 19-23 in Las Vegas at the CONEXPO-CON/AGG show, sponsored by the Association of Equipment Manufacturers, Associated General Contractors, National Ready Mixed Concrete Association
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Publication Date: 04 March , 2002
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Outlook Improves For Legislation To Restrict 'Soft Money' Spending
Bills to change the way political campaigns are funded have been regular fixtures on Capitol Hill, but odds of passage now are brighter than before. The Senate is expected soon to take up a House-passed me
Publication Date: 04 March , 2002
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After Years of Nurturing, Brownfields Begin to Bear Fruit
After more than two decades of cataloguing its vast stock of rundown neighborhoods, the U.S. may be starting to get serious about cleaning up after itself. When President George W. Bush signed the Small Bu
Publication Date: 18 February , 2002
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Heavily In Debt Comfort Systems Sells Key Operations To Emcor
Faced with the need to refinance $205 million in debt next year, specialty contractor Comfort Systems USA instead is choosing to sell most of its union operations–about one-third of the company–t
Publication Date: 18 February , 2002
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Homebuilders Are Humming And Keeping Economy Afloat
"We think that we are a major reason why the U.S. economy didn't go into a deeper recession and are a major support of coming out of the recession," said F. Gary Garczynski, president of National Capital Land and Development Co., Woodb
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Publication Date: 18 February , 2002
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Bonding Business Going For Broke?
Construction firms are being hit with the double-whammy of a hardening surety market along with the pain already being doled out by insurers. And the well-publicized bankruptcies of Enron and K-Mart are ad
Publication Date: 11 February , 2002
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Bush Plan Slices Construction
The $2.1-trillion budget request, released Feb. 4, does have some construction increases, such as airport grants, transit, and DOD family housing. The General Services Administration did surprisingly well, with a hike for renovations and increas
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Publication Date: 11 February , 2002
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Forum Pushes E&C Response
The Sept. 11 attack on the World Trade Center prompted the Geneva, Switzerland-based forum to relocate its Jan. 31-Feb. 4 annual meeting from the Swiss resort of Davos this year, but organizers of its "Disaster Response Network" say th
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Publication Date: 11 February , 2002
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Insurance Rates On A Wild Ride
This may not be the hardest insurance market ever, but it sure feels like it. Almost 17 years of ever-easing terms and conditions erased the collective memory of the last crisis in 1985 and the deep dip in
Publication Date: 04 February , 2002
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Insurance Rates On A Wild Ride
This may not be the hardest insurance market ever, but it sure feels like it. Almost 17 years of ever-easing terms and conditions erased the collective memory of the last crisis in 1985 and the deep dip in
Publication Date: 04 February , 2002
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Power Job Moves Despite Enron Woe
National Energy Production Corp. (NEPCO), Bothell, Wash., the main power contracting subsidiary of bankrupt Enron Corp., is the contractor for both projects, which Tampa-based TECO is developing with Panda Energy International. NEPCO is also the
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Publication Date: 04 February , 2002
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Write-Offs Under Rule Change Could Hurt Some Companies
The changes are triggered by standard 142, adopted last July by the Financial Accounting Standards Board. The rule requires companies to evaluate the need for write-offs each year of the goodwill, or intangible assets, that are part of many acqu
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Publication Date: 04 February , 2002
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Calpine Pulls The Plug On Plants
Calpine CEO Peter Cartwright announced Jan. 16 that the San Jose, Calif.-based company will complete 27 gas-fired projects now under construction. It will continue to develop, but place on "hot standby," another 34 projects that will c
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Publication Date: 28 January , 2002
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IT Group Seeks Bankruptcy Move As Part Of Planned Sale To Shaw
The IT Group Inc. is seeking a way out of its financial distress by agreeing to a plan in which it would declare bankruptcy and sell most of its assets to The Shaw Group Inc. for between $160 million and $
Publication Date: 28 January , 2002
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'Programming' for Success
Mary E. Lee likes quick thinkers. And she needs one to keep the trust of voters who last year approved a $1.2-billion bond measure to expand facilities for the 120,000-student Los Angeles Community College
Publication Date: 21 January , 2002
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Bovis Takes Lead At WTC Cleanup, As Subway Repair Fast-Tracks
Bovis Lend Lease lmb, one of the WTC's four original prime contractors, is now moving into the site's lead management role, along with fellow site contractor AMEC. Bovis will have an approximate 60% management stake in the job, and AMEC 40%, say
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Publication Date: 07 January , 2002
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Bush Revokes 'Blacklisting' Rule
The decision to revoke the rule was published in the Dec. 27 Federal Register by the Federal Acquisition Regulatory Council, which is composed of the Dept. of Defense, General Services Administration and National Aeronautics and Space Administra
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Publication Date: 07 January , 2002
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Kentucky Bridge Bribe Case Involves More Than Inspectors
The former resident engineer on a Kentucky bridge painting project where federal agents have charged an inspector with taking kickbacks has requested records of his complaints about the corruption allegedl
Publication Date: 07 January , 2002
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Fourth Quaterly Cost Report: Summary
Energy prices also fell sharply during the fourth quarter. Oil prices fell from $30 per bbl at the beginning of the year to just $18.50 as the Organization of Petroleum Exporting Countries failed to win support for production curtailment. "
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Publication Date: 24 December , 2001
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House Approves Federal Aid for Insurers' Terrorism-Related Claims
The House has passed legislation that would provide backup assistance for insurers to help shield them from huge claims stemming from terrorist damages. The bill, approved Nov. 29 by a 227-193 vote, doesn'
Publication Date: 03 December , 2001
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Special Report: The Top 600 Specialty Contractors
Specialty contractors, along with the rest of the construction industry, had enjoyed a nearly unprecedented boom market for the last eight years. Then, at the beginning of the year, the market started show
Publication Date: 08 October , 2001
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Compensation: Top Talent Still Top Dollar
The construction market has been on a roll, causing a major personnel crunch. For contractors, design firms and construction management firms, top people have been next to impossible to find and the pressure on wages and benefits has been extrem
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Publication Date: 24 September, 2001
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Third Quaterly Cost Report Summary
"While the financial sector will suffer, the base economy was not hit by this attack and will continue to function, although the initial shock may take several months to wear off," says John Anton, an economist with the Washington, D.C
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Publication Date: 24 September, 2001
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Bush Signs Tax-Cut Bill That Eliminates Estate Levy
President Bush has signed into law a $1.35-trillion tax bill that will phase out the inheritance tax by 2010. The House and Senate approved the measure May 26.
Publication Date: 07 June , 2001
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MasTec Feels The Pain Of The Energy and Telecommunications Industry
Turmoil in the communications and energy industries is taking a toll on MasTec Inc., the Miami-based specialty contractor. Earnings and revenues from operations in the first quarter of 2001 are up over las
Publication Date: 27 April , 2001
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Great Lakes Dock & Dredge to Acquire Big Demolition Contractor for $38 million
Great Lakes Dock & Dredge Corp., the country’s biggest dredging contractor, has agreed to acquire North American Site Developers Inc., the Boston-area demolition contractor, for $35 million in cas
Publication Date: 20 April , 2001
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