LOS ANGELES (Reuters) - The primary general contractor for the $8.5 billion CityCenter project on the Las Vegas Strip plans to sue the project's owners for $492 million. Casino operator MGM Mirage <MGM.N>, which owns the multi-tower site in a 50-50 partnership ...
<div id="subtitle">Safety engineer says fundamental change impossible in build-crazy Vegas</div><div><p> The disturbing rash of worker deaths at casinos, condos and hotels being built along the Strip raises safety issues that must be addressed, safety engineers and others say. But making fundamental changes ...
<div><p> After meeting Monday to discuss a request that CityCenter and Cosmopolitan workers accept pay cuts and other concessions, building trades union officials were prepared to reject the proposal made by general contractor Perini Building Co.</p><p>A source close to the building trades, ...
<div id="subtitle">Engineering, construction firms seek to dismiss part of Minn. bridge victims' lawsuits</div><div><p>An engineering firm that analyzed the Interstate 35W bridge and a construction company that was resurfacing the span when it collapsed have asked a judge to dismiss parts of four ...
<div id="subtitle">Run up has some shorts salivating</div><div><p>“…most investors tend to project near-term trends—both favorable and adverse—indefinitely into the future.” </p><p>That’s what value investor Seth Klarman told a group of investors last February. Klarman, portfolio manager and co-founder ...
<div><p>Reviewing the insurance provisions of contracts is not what all producers would consider as being part of their service portfolio for insureds. In fact, many producers would likely try to avoid having to read contracts, even if they had the opportunity to ...
<div id="subtitle">Slowing the pace of work on the Strip not an option, group’s vice president says</div><div><p> Not wanting to show up empty-handed to a public meeting about construction safety tonight, contractors on Tuesday unveiled a wish list of proposals they say will ...
<div id="subtitle">Fines provide little incentive for companies to enforce requirements, but research shows their own bottom lines might</div><div><p>Put aside morals for a moment. Put aside the basic value of human life.</p><p>In economic terms, what encourages construction contractors to create ...
<div id="subtitle">3 construction firms fined $313,500 for alleged safety violations in deadly NYC crane collapse</div><div><p>A federal agency hit three construction firms with penalties totaling $313,500 on Monday for alleged safety violations leading to a tower crane collapse that killed seven people last ...
<div><p>When members of the Associated General Contractors looked at the FW Dodge/McGraw-Hill Construction figures in their July newsletter, they could be forgiven for thinking that the Vermont construction industry was headed for the sub-basement in a hand truck.</p><p>Residential construction for May: down ...
