In its annual report released last week, Bechtel Corporation profit results of $21.8 billion in 2019. The company's 2019 revenue marked a 14.5% decline from 2018.
From Dodge Data & Analytics Chief Economist Richard Branch
NATIONAL (March 24, 2020)—The past 2 weeks have seen an unprecedented shuttering of the United States economy. Our expectations on the impact of the coronavirus on the U.S. economy have been significantly downgraded with a growing realization that the U.S. economy is in recession.
WASHINGTON (March 20, 2020)—The American Institute of Architects (AIA) 2020 President Jane Frederick, FAIA, and Executive Vice President/Chief Executive Officer Robert Ivy, FAIA, are urging Congress to address the critical needs of business owners and employees during the COVID-19 pandemic.
NATIONAL—Soon after Boston, Massachusetts Mayor Marty Walsh ordered a halt on all construction in the city last week, three other Massachusetts cities followed suit: Cambridge, Chilmark, and West Tisbury.
Last week in San Francisco, California, a stop-work order was issued for all Bay-area commercial construction projects excluding housing construction.
MILWAUKEE & LAS VEGAS (March 14, 2020) – Multiple construction and construction materials industry segments converged on the Las Vegas Convention Center and Festival Grounds as they came together for CONEXPO-CON/AGG & IFPE this week to unveil new technologies and products, share knowledge, network with industry peers and buy equipment.
On Wednesday, President Donald Trump signed into law a coronavirus relief package providing paid emergency leave for American workers and free testing for COVID-19.