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Stock Market & Financial Investment News

News Breaks
March 4, 2013
08:47 EDTSTRL, BKRSterling Construction selected by UDOT on project valued at approx. $22M
Sterling Construction Company (STRL) announced that its subsidiary, Ralph L. Wadsworth Construction Company, LLC was selected by the Utah Department of Transportation as the contractor on a design-build project valued at approximately $22M. The project will entail roadway widening and reconstruction of a 6.5 mile stretch of I-15 from the S. Payson Interchange to Spanish Fork River. RLW will utilize the services of Michael Baker Jr. Inc., an engineering unit of Michael Baker Corporation (BKR), as the lead designer. The project is anticipated to begin in March 2013 and be completed by September 2013.
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August 26, 2014
08:46 EDTSTRLSterling Construction apparent low bidder on CalTrans project valued at $53.6M
Sterling Construction announced that its affiliate, Myers & Sons Construction, was apparent low bidder on the California Department of Transportation Las Virgenes Canyon Road project in LA County on Route 101 with a bid of $53,645,672. The project will consist of replacing 30,850 CY of failing concrete from Calabasas to Agoura Hills in Southern California with 9,900 CY of Lean Concrete Base and 20,950 CY Precast Jointed Concrete Pavement during weekend closures. The project also calls for placing 191,000 Tons of Rubberized Asphalt Pavement at various locations along Hwy 101. Construction is anticipated to start in late 2014 and take approximately 18 months to complete.

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