Thursday, November 3, 2011

Economy Watch: FNF Construction gets highway stimulus contract - Kansas City Business Journal:

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“It is a rehabilitation projectr to create asafer roadway,” said Deena Billings, businese development officer for Tempe-based FNF which is celebrating 25 year in business. Some areas of U.S. 491 have deterioratedr creating a significant safetyt issue for those whouse it, she The project is a good fit for the which also has an office in Albuquerque, accordingf to Billings. “Paving projects are kind of our In addition to makinfg the roadway saferfor travelers, the $8.
9 million project gives FNF Construction’xs staff more opportunity for “We will be able to keep existin employees busy and perhaps hire new ones,” she The bidding process for a stimulusa contract is very similar to that on any job both for the contractod and the state department of transportatioj involved. The New Mexico Department of Transportationn advertised the project in typical fashion with the lowest bidderf winningthe contract, said Megan spokeswoman for the New Mexico Department of Transportation. The federal government does look at the projectsin depth, Arrendondo added.
Construction on the 14-milwe stretch, which runs on the southerj portion ofthe highway, broke ground May 20. FNF Construction is hopeful that its portiobn 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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