Tuesday, December 18, 2012

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

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“It is a rehabilitation project to create asafed roadway,” said Deena Billings, businessx development officer for Tempe-based FNF which is celebrating 25 years in business. Some areas of U.S. 491 have deteriorater creating a significant safet y issue for those whouse it, she said. The projecy is a good fit for the company, whichu also has an officw in Albuquerque, according to “Paving projects are kind of our niche.” In additio to making the roadway safer for the $8.9 million project gives FNF Construction’s staff more opportunity for work. “We will be able to keep existingf employees busy and perhapsd hirenew ones,” she said.
The bidding process for a stimulus contract is very similar to that on any job both for the contractodr and the state department oftransportation involved. The New Mexico Departmenft of Transportation advertised the project in typicaol fashion with the lowest bidder winninvthe contract, said Megan Arrendondo, spokeswoman for the New Mexic Department of Transportation. The federal government does look at the projectxsin depth, however, Arrendondo Construction on the 14-mile stretch, which runs on the southern portion of the highway, brokre ground May 20.
FNF Construction is hopeful that its portio 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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