Road & Highway Builders, an affiliate of
Sterling Construction Company, Inc.
), has declared a low bidder on a Nevada Department of
Transportation (NDOT) project. The company bid around $20 million
for the NDOT Contract Number 3550.
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The NDOT contract includes reconstruction of State Highways 225,
535, and 227 in Nevada. Sterling will build utility systems,
earthwork, HMAC paving, polyester concrete bridge deck overlay
and concrete structures. The construction is expected to commence
in the spring of 2014 and will be completed by the end of the
Recently, another affiliate of Sterling - Myers & Sons
Construction, L.P. - was declared a low bidder on the California
Department of Transportation (CalTrans) project. The company bid
around $29.7 million for the U.S. 50/Silva Valley project.
Sterling will build three box girder bridges and one flat slab
bridge under this project.
Sterling, which belongs to the building and heavy construction
industry along with
Chicago Bridge & Iron Company N.V.
China Railway Construction Corporation Limited
), recorded loss in second-quarter 2013, due to the negative
impact of three legacy projects, where costs unexpectedly
exceeded initial project estimates.
Bookings were $154 million in the reported quarter, up 133% year
over year. Sterling is expected to be benefited by continued
favorable order bookings and margins associated with new
Houston, Tex.-based Sterling is a leading heavy civil
construction company engaged in the building and reconstruction
of transportation and water infrastructure projects in its home
state, Utah, Nevada, Arizona, California and other states. Its
transportation infrastructure projects include highways, roads,
bridges and light rail. Its water infrastructure projects
constitute water, wastewater and storm drainage systems.
Sterling currently retains a Zacks Rank #3 (Hold).
Hopewell Highway Infrastructure Limited
), which operates in the same industry, holds a Zacks Rank #2