Saturday, March 5, 2011

Economy Watch: FNF Construction gets highway stimulus contract - Business First of Louisville:

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“It is a rehabilitation project to create asafer roadway,” said Deena Billings, business development officer for Tempe-base d FNF Construction, which is celebrating 25 yearsa in business. Some areas of U.S. 491 have deteriorate creating a significant safetg issue for those whouse it, she The project is a good fit for the company, whicgh also has an office in according to Billings. “Pavin projects are kind of our In addition to making the roadway saferfor travelers, the $8.9 million projecgt gives FNF Construction’s staff more opportunity for work. “We will be able to keep existinf employees busy and perhaps hire new she said.
The bidding process for a stimulus contracy is very similar to that on any job both for the contractor and the state department oftransportation involved. The New Mexico Departmen t of Transportation advertised the project in typical fashiohn with the lowest bidder winningthe contract, said Megan Arrendondo, spokeswomanj for the New Mexico Department of The federal government does look at the projectsa in depth, however, Arrendondpo added. Construction on the 14-mile stretch, which runs on the southerjn portion ofthe highway, broke ground May 20. FNF Constructiobn is hopeful that its portion of the upgradw is complete by the endof summer.
“We are excitef to keep on going and be part of the Billings said offuture

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