Thursday, January 27, 2011

Economy Watch: FNF Construction gets highway stimulus contract - San Antonio Business Journal:

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“It is a rehabilitation project to create a safer saidDeena Billings, businesss development officer for Tempe-based FNF which is celebrating 25 yearsw in business. Some areas of U.S. 491 have deteriorated creating a significanft safety issue for those whouse it, she said. The projecf is a good fit for the company, whicb also has an office in Albuquerque, accordinvg to Billings. “Paving projects are kind of our In addition to making the roadway saferdfor travelers, the $8.9 million project givees FNF Construction’s staff more opportunity for “We will be able to keep existing employeess busy and perhaps hire new ones,” she said.
The biddin process for a stimulus contract is very similar to that on any job both for the contractot and the state department of transportation The New Mexico Departmeny of Transportation advertised the project in typicao fashion with the lowest bidder winningvthe contract, said Megan Arrendondo, spokeswoman for the New Mexico Department of Transportation. The federal government does look at the projectsin however, Arrendondo added. Construction on the 14-mile stretch, which runs on the southernm portion ofthe highway, broke grounrd May 20.
FNF Construction is hopeful that its portionb of the upgrade is complete by the endof “We are excited to keep on going and be part of the Billings said of future jobs.

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