Archive of: Construction Articles

Issue

Title

Construction forecast positive in short term with 3% dip February Issue 1 2015

Construction forecast positive in short term with 3% dip

The state budget may be grim but Alaska’s construction industry as a whole should have another good year, according to a University of Alaska Anchorage Institute of Social and Economic Research forecast. The 2015 construction outlook predicts a total spend of more than $8.5 billion statewide. That would be a 3 percent decline from the revised 2014 projection of $8.8 billion worth of construction activity in Alaska.

January Issue 2 2015

Slope construction season still strong amid price plunge

It’s a seeming paradox: Oil prices are still sliding as North Slope crude closed at about $55 per barrel Jan. 6, but this year’s winter construction season is shaping up to be one of the strongest ever. Industry employment, the most reliable indicator of activity, set new records in October and November, according to data from the Alaska Department of Labor and Workforce Development.

December Issue 4 2014

Oil price collapse overshadowed 2014 politics

The collapse of oil prices sent shock waves through state government and Alaska’s business community late in the year. Prices dropped from $110 per barrel in July to about $56 per barrel in mid-December. State revenues, about 90 percent dependent on oil taxes and royalties, are now estimated to be about half of what was predicted earlier, about $2.5 billion in unrestricted general fund revenue, down from about $5 billion.

December Issue 2 2014

Knik bridge study indicates minimal population impact

Other than changing the view to the north, the Knik Arm Crossing would not impact the look of Anchorage much at all, even in the long term, according to the latest study of the proposed bridge released Dec. 8.

November Issue 4 2014

DOD spending down, Corps finds other work

Military construction activity continues to decline across Alaska, but work with other federal agencies should keep government contractors busy. Overall, the U.S. Army Corps of Engineers expects to have $410 million worth of work available on more than 400 projects in the state during the federal fiscal year 2015, which runs from Oct. 1 to Sept. 30, according to Alaska Contracting Division Chief Chris Tew. That is about flat compared to the $416 million spent in fiscal year 2014.