Construction News for the Week Ending May 29, 2026
Turner Construction Leads U.S. Contractors with $28.3B Revenue in 2025
Turner Construction remains the top contractor in the U.S. for the sixth consecutive year, with a 2025 revenue of $28.3 billion. Bechtel and STO Building Group follow in second and third place, respectively.
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Granite’s $32M Parks Highway Reconstruction in Alaska
Granite Construction will deliver the $32 million Parks Highway MP 315–325 Reconstruction project in Alaska. The project, which began in 2022, will rebuild a section of the highway near Nenana, utilizing Granite’s self-supply capabilities to deliver asphalt and reduce material imports. The project aims to improve safety by straightening curves and decreasing grades on the highway.
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STV and Turner Selected for Midtown Bus Terminal Phase 1 Construction
The Port Authority of New York and New Jersey has selected a joint venture of STV and Turner Construction as the construction manager for Phase 1 of the Midtown Bus Terminal Replacement. This phase includes building a 900,000-square-foot interim terminal and new ramp infrastructure to maintain bus service for over 200,000 daily commuters.
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Survey Reveals Highway Contractor Safety Concerns
A survey by the Associated General Contractors of America and Heavy Construction Systems Specialists found that 60% of highway contractors experienced at least one work zone crash in the past year, with distracted driving, speeding, and impaired driving cited as major causes. Contractors support stronger enforcement efforts and are frustrated with current penalties, believing work zone safety is a public safety issue. Rising costs for safety equipment and concerns about nighttime crashes are also highlighted.
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I-4 Ultimate Project: Contractor Losses and Joint Venture Dispute
A $2.3 billion Florida highway project, the I-4 Ultimate Project, resulted in over $500 million in losses for contractors Skanska USA and Granite Construction. The losses stemmed from a dispute with joint venture partner Lane Construction, acquired by WeBuild in 2015, which attempted to exit the project early. The case highlights the importance of understanding joint venture partners’ incentives and future plans, especially on megaprojects.The structure of the I-4 Ultimate project added another layer of complexity to the dispute.
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GSA Seeks Funds to Tackle $50 Billion Repair Backlog
The General Services Administration (GSA) is facing a significant maintenance backlog for its 1,600 properties due to Congress diverting funds from its building fund. This has resulted in a $50 billion repair backlog, with over 1,300 buildings needing urgent upgrades. The GSA is requesting full access to its collected funds and increased spending limits to address these issues.
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North Carolina Sues VinFast Over Plant Delays
North Carolina is suing VinFast for allegedly breaching agreements related to a proposed electric vehicle and battery manufacturing plant in Chatham County. The state claims VinFast failed to meet construction deadlines and job creation commitments, and is seeking to acquire the site to protect taxpayer money. VinFast argues it is on track to open the facility by 2028.
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Henry Ford Hospital Expansion “Destination: Grand”
The Henry Ford Hospital expansion project, Destination: Grand, is on schedule for completion in 2029. The $2.2 billion project, funded by capital investment and philanthropic contributions, will include a 20-story tower with 432 private patient rooms, specialized intensive care units, operating suites, a parking garage, a shared services building, and a central energy hub. The expansion is part of the larger $3 billion Future of Health: Detroit transformation plan.
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Turner Construction Q1 2026 Revenue Soars
Turner Construction’s first-quarter 2026 revenue reached $7.7 billion, a 25% increase from the previous year, driven by data center construction. The company’s backlog also saw a significant increase, reaching $48.9 billion, a 34% year-over-year jump. Turner’s growth was further bolstered by wins in the commercial and healthcare sectors.
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Gilbane Begins $450M Cancer Treatment Facility in Philadelphia
Gilbane Building Co. broke ground on a $450 million, 250,000-square-foot cancer-fighting molecule manufacturing facility in Philadelphia. The facility, owned by TerraPower Isotopes, will produce radioactive molecules for cancer treatment and create over 225 jobs.
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Data Center Heat Impact on Phoenix Neighborhoods
Air-cooled condenser arrays in data centers near Phoenix raise temperatures in nearby neighborhoods by 1.3 to 4 degrees Fahrenheit. This increase, driven by the heat generated by data centers, could exacerbate the urban heat island effect and increase energy consumption for air conditioning. Researchers suggest using more powerful fans, open rooftop equipment, and evaporative cooling to mitigate these impacts.
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Digital Tools Transform Construction Permitting and Inspections
Digital tools are significantly impacting construction, particularly in permitting and inspections. Washington, D.C.’s Department of Buildings streamlined permitting processes, reducing timelines from 60 to 15 days. The conference also highlighted the use of visual AI and digital inspection technologies for remote job site reviews and identifying potential issues.
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Construction Sector Recovery and Challenges
While data center and power infrastructure projects continue to drive construction momentum, traditional construction sectors like shopping centers and offices are showing signs of recovery. However, rising fuel and metal prices pose a challenge for contractors, potentially impacting the progress of warehouse and multifamily construction projects.
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House Subcommittee Passes FY 2027 DOT Funding Bill with Transit Cuts
A House appropriations subcommittee passed a one-year bill to fund the Department of Transportation for FY 2027, cutting public transit and Amtrak funding significantly. The bill aims to maintain funding while a five-year surface transportation bill is developed. The BUILD America 250 Act, which passed the House Transportation and Infrastructure Committee, invests in infrastructure but faces criticism for potentially inadequate rail and transit funding.
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Gilbane Begins $450M Cancer Treatment Facility in Philadelphia
Gilbane Building Co. broke ground on a $450 million, 250,000-square-foot cancer-fighting molecule manufacturing facility in Philadelphia. The facility, owned by TerraPower Isotopes, will produce radioactive molecules for cancer treatment and create over 225 jobs.
To read more, click here.
I-80 Modernization in Illinois
A $1.3 billion project to modernize and rehabilitate Interstate 80 in Illinois began with the construction of new bridges over the Des Plaines River. The project, expected to be completed in 2028, will redesign and rebuild 16 miles of the highway, a critical coast-to-coast route. This investment is part of a larger $50.6 billion commitment to infrastructure improvements across Illinois.
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Baltimore Key Bridge Collapse Victims Settle with M/V Dali Owners
Families of the victims of the Baltimore Key Bridge collapse have settled with the owners and operators of the M/V Dali container ship. The settlement resolves all claims against the owners and operators, but the terms are undisclosed. The civil trial, scheduled for June 1, will determine if the companies can limit their liability to $44 million.
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