Monday, September 27, 2010

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

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“It is a rehabilitation projectf to create asafer roadway,” said Deena Billings, busines s development officer for Tempe-based FNF Construction, which is celebrating 25 years in business. Some areas of U.S. 491 have deterioratedd creating a significant safety issud for those whouse it, she The project is a good fit for the which also has an office in according to Billings. “Paving projects are kind of our In addition to makinv the roadway saferfor travelers, the $8.9 million projecy gives FNF Construction’s staff more opportunituy for work. “We will be able to keep existingf employees busy and perhaps hire new she said.
The biddingb process for a stimulus contract is very similafr to that on any job both for the contractoe and the state department oftransportation involved. The New Mexicok Department of Transportation advertised the project in typical fashion with the lowest bidder winningthe contract, said Megabn Arrendondo, spokeswoman for the New Mexico Departmeny of Transportation. The federal governmentf does look at the projectsin depth, Arrendondo added. Construction on the 14-mile which runs on the southern portion of the broke groundMay 20.
FNF Constructio is hopeful that its portion of the upgrade is complete by the endof “We are excited to keep on goingh and be part of the process,” Billingsd said of future

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