Debt held by the top four state-owned road construction companies in Indonesia increased by 57% in 2017 during the Indonesian government's infrastructure initiative. The high debt taken on by the companies creates vulnerabilities, since the government does not pay until projects are completed.
President Donald Trump has threatened to veto the massive spending bill before Congress if it includes funding for the Gateway project, but it appears $540 million in the bill would apply to it. A White House statement said Trump supports the final version of the bill.
The Maryland Senate has approved a bill that would limit the Maryland Transportation Authority's ability to impose late penalties on toll collections. The House is to take up the bill next week.
Boro Building and Property Maintenance will handle the custodial services for Siesta Key Village in Florida while Wilhelm Brothers will handle landscape work. The village contracted the companies to help handle peak tourism season.
ServiceMaster will provide custodial services as part of a one-year pilot program in the Kennett Consolidated School District in Pennsylvania.
Many Atlantic and Gulf Coast states have relaxed building codes despite the prevalence of severe natural disasters, according to an Insurance Institute for Business & Home Safety report. Despite the trend, "strong and enforced building codes are among the best primary mitigation efforts that can be undertaken," said Nick Shufro, FEMA's assistant administrator for risk management.
Balfour Beatty has recovered from a "near-death experience" and has created a stable foundation for the future, according to CEO Leo Quinn. The contractor has reported a $61.5 million loss from the collapse of Carillion, its partner on the Aberdeen Western Peripheral Route project in Scotland, but Quinn said that "profits have doubled over the past 12 months."
A material risk approach to cyberthreats can help risk managers encourage senior leaders to make improvements to their companies' cybersecurity practices, writes Rick Howard. It's important to present technical risk in a tangible fashion that is relevant to top leaders and easy for them to understand, Howard writes.
Contractors can avoid contract breaches by making sure that they have sufficient labor in place to execute the required work and address any potential labor shortages before signing a contract, writes Joshua Lorenz. Similarly, any labor issues that could impact the project schedule or could prevent the timely completion of work should be considered when including contract provisions regarding deadlines and milestones.
The heat-related death of a worker in Jacksonville, Fla., in September should be a cautionary tale for employers, writes Robert Box of Safety First Consulting. He looks at the case, which resulted in an Occupational Safety and Health Administration citation for the subcontractor, and also outlines the steps for establishing a Heat Stress Management Program.