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December 6, 2012News for contractors and the construction industry

  Top Story 
  • Harmon tower litigation becomes 2 distinct cases
    The Harmon Tower litigation mess will now spread into 2014. The unpaid invoice portion of the case is schedule for June 2013 and the construction-defect case is set for January 2014. Meanwhile, CityCenter is likely to continue its appeal involving the sites it tested in the 26-story, $275 million empty building. VegasInc.com (Las Vegas) (12/4) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Project Focus 
  • Support for Keystone XL project remains strong, group says
    Support for TransCanada's Keystone XL pipeline still outweighs opposition to the project, the American Petroleum Institute said. "It's a $7 billion infrastructure crossing five states that will mean 20,000 new jobs, including work in the building and construction trades, which are suffering from 12% unemployment," said Cindy Schild, downstream operations manager for refining and oil sands at API. Oil & Gas Journal (12/4) LinkedInFacebookTwitterEmail this Story
  • 3 design options for new Tappan Zee Bridge unveiled
    New York has released three designs for the Tappan Zee Bridge replacement that "resemble two pairs of tuning forks, a regatta, and a cream-colored version of San Francisco's Golden Gate Bridge." Price estimates for them range between $3.14 billion and $4 billion, less than the estimated $5 billion. The state’s advisory committee has recommended the least expensive option, produced by Tappan Zee Constructors, led by Fluor Corp. It's the one that looks like the tuning forks. The state's Thruway Authority will vote on the proposed designs at a Dec. 17 meeting. Bloomberg (12/5), Reuters (12/5), The Journal News (Westchester, Rockland, Putnam, N.Y.) (12/5) LinkedInFacebookTwitterEmail this Story
  • Price of DHS HQ rises by $600M, now worth $4B
    The $3.45 billion plan to create a new headquarters for the Department of Homeland Security in Washington, D.C., is now a $4.06 billion project because of congressional budget cuts that have caused delays. In addition, six years have been added to the timeline, pushing completion out from 2016 to 2022. FederalTimes.com (12/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  Economic Update 
  Innovation & Green Building 
  • Firms discover benefits of tech to select subcontractors
    General contractors are finding that technology can help in the preliminary selection of qualified subcontractors. For instance, jobsite123 allows subcontractors to update their qualifications; lets companies then match subs to jobs they're qualified for; and all stakeholders can access the information. Textura’s PQM gives access to prequalification risk scores of subs in real time. Constructech (free registration) (12/4) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Geithner is "absolutely" prepared to go over "fiscal cliff"
      
    If Republicans won't go along with higher tax rates for America's wealthiest 2%, the Obama administration is ready to let the "fiscal cliff" automatically take effect at year's end, Treasury Secretary Timothy Geithner said. "There's very broad support out there for not just extending these tax cuts for 98% of Americans, but for an agreement that has rates going up with tax reforms that limit deductions alongside a set of substantial long-term savings on the spending side," he said. CNBC (12/5) LinkedInFacebookTwitterEmail this Story

  • Pawlenty puts voice to GOP's "fiscal cliff" frustration
    "You can't corner people so totally and so badly that they have no way out," said Tim Pawlenty, president and CEO of Financial Services Roundtable, speaking of the "fiscal cliff" negotiations. The dealing continues as President Barack Obama insists on tax increases and House Speaker John Boehner, R-Ohio, decides whether to break with his party or dig in his heels. Bloomberg Businessweek (12/5) LinkedInFacebookTwitterEmail this Story
  Association News 
  • 5 steps to a successful incident-investigation package
    Accidents occur on construction jobsites every day. Incident investigations determine how and why these failures occur. By using the information gained through an investigation, future accidents may be prevented. Order it here, or visit the AGC Store. LinkedInFacebookTwitterEmail this Story
  • Federal Government Contractor: Ethics & Compliance Programs -- Second Edition
    A meaningful Ethics and Compliance Program can help prevent potential issues of non-compliance. Combining checklists, forms, tables, and business ethics training materials, this publication will help contractors appreciate the grounds for an alleged violation of the expected standards of business conduct and ethics and to develop, implement, and document an effective Ethics and Compliance Program. Order it here, or visit the AGC Store. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
To change one's life: Start immediately. Do it flamboyantly. No exceptions."
--William James,
American psychologist and philosopher


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