Tuesday, September 20, 2011

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

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“It is a rehabilitation project to create asaferr roadway,” said Deena Billings, business development officer for Tempe-based FNF which is celebrating 25 years in Some areas of U.S. 491 have deteriorated creatingv a significant safety issue for those whouse it, she The project is a good fit for the company, whichj also has an office in according to Billings. “Paving projects are kind of our niche.” In additionm to making the roadway saferfor travelers, the $8.9 milliohn project gives FNF Construction’s staff more opportunityy for work. “We will be able to keep existing employeesa busy and perhaps hirenew ones,” she said.
The biddinyg process for a stimulus contract is very similar to that on any job both for the contractofr and the state departmentt oftransportation involved. The New Mexico Department of Transportatio advertised the project in typical fashion with the lowest bidded winningthe contract, said Megan Arrendondo, spokeswoman for the New Mexic Department of Transportation. The federal government does look at the projectssin depth, however, Arrendondo Construction on the 14-mile which runs on the southern portion of the broke ground May 20.
FNF Construction is hopeful that its portiob 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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