Construction volume seen rising but profits wary
An IBM style briefing by Peter Kiewit Sons outlines 1962 construction volume up 8 percent, driven by rising costs and inflation. The report predicts private construction will dip in early 1963 with a modest overall gain later, while public works funding grows and overall profitability remains pressured amid high bankruptcies and many small firms.
MENTIONED IN THIS ARTICLE
Peter Kiewit Sons, Inc
Construction Congress
Corps of Engineers of Schools, Hospitals, Social and
Bureau of Reclamation
Cent
Pri-Marious
Emer
New Bonding Procedures Set After Estes Case
The Agriculture Department proposes a single blanket bond or policy to cover the $4 billion in surplus grain stored in commercial warehouses. It would insure losses up to $2 million per warehouse and up to $40 million overall, replacing hundreds of individual bonds. The change follows the Estes case, where no government loss occurred despite large grain stocks.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
Estes
West Texas
Department
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