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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 CalTrans’ 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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July 27, 2015
08:46 EDTSTRLSterling Construction awarded $26.3M project in Houston
Sterling Construction announced that it was awarded $26.3M project by the Harris County Toll Road Authority in Houston. The project consists of work on the Hardy Toll Road, where Texas Sterling will replace conventional toll collection facilities with automated ‘toll tag’ facilities. Approximately 35% of the project will be performed by pre-qualified subcontractors covered by surety bonds, which helps to guarantee performance and completion as specified in the contract terms, and reduces construction-related risk to the project owner and to Sterling. In addition, the project scope includes enhancements to exit and entrance ramps and is expected to commence in August 2015 and be completed by October 2016 with incentives for early completion.
July 20, 2015
08:47 EDTSTRLSterling Construction low bidder for TxDOT project
Sterling Construction announced that it was the responsive low bidder on a $58.8M Texas Department of Transportation, or TxDOT projected 55 miles south of Dallas in Corsicana, Texas. The project consists of widening an 8.3 mile section of Interstate 45 from four lanes to six lanes. Additionally, the project scope includes the widening of seven existing bridges and the construction of three new bridges. The project is expected to commence in November 2015 and be completed by January 2017.
July 17, 2015
09:40 EDTSTRLSterling Construction management to meet with Maxim
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