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Stock Market & Financial Investment News

News Breaks
May 9, 2014
08:47 EDTSTRLSterling Construction announces it was low bidder for two projects
Sterling Construction announced that it was the apparent low bidder on a $65.4M Texas Department of Transportation project entailing work on State Highway 199 in Tarrant County. The project, which consists of the construction of three cast-in-place post-tensioned box girder bridges, retaining walls, street reconstruction and landscaping, is expected to begin in August and be completed by mid-2018. Additionally, Sterling was the apparent low bidder on a $19M TxDOT project for work on US 377, also in Tarrant County. The project consists of urban street widening from five to six lanes including storm drain improvements, sound walls and retaining walls, and is expected to start in June and be completed by mid-2017.
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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.

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