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Stock Market & Financial Investment News

News Breaks
March 14, 2014
08:47 EDTSTRLSterling Construction selected by CalTrans for CMGC project
Sterling Construction Company announced that a joint venture, comprised of its Myers & Sons Construction and Ralph L. Wadsworth Construction Company subsidiaries, was selected by the California Department of Transportation as the contractor on a Construction Management/General Contractor project with a potential value of approximately $52M. The project will entail construction work on State Route 140 in Mariposa County to restore two-lane access that was blocked by a rock slide in May 2006. The Myers/RLW Joint Venture will work with CalTransí GMGC design team to develop a best-value design and environmental document. Once design is complete and the Environmental Assessment has been approved, a contract will be negotiated for the construction of the project. Construction is anticipated to start in 2016 and be completed in 2018.
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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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