Contractor picked for $1.6B part of Florida DOT work Astaldi defaulted on


June 4, 2019

UPDATE: June 4, 2019: The Florida DOT announced last week that SEMA Construction Inc., headquartered in Centennial, Colorado, will take over as general contractor for Section 7A of the $1.6 billion Wekiva Parkway widening project in Seminole County, Florida, near Orlando.

 

The agency said the surety company for Astaldi Construction Corp, which provided payment and performance bonds on the project, made the selection. SEMA is scheduled to start work this week.

 

UPDATE: April 24, 2019: The surety bondholders responsible for finding replacement contractors for the Florida DOT work on which Astaldi Construction Corp. voluntarily defaulted earlier this month have handed over the reins to two of those projects — the $7.6 million Halls River Road Bridge project in Homosassa Springs and the $50 million widening of US 301 in Hillsborough County — to St. Augustine, Florida-based Watson Civil Construction.

 

Watson has performed other work for the FDOT but made the news last year when one of its employees was arrested for allegedly embezzling $200,000 from the company across a two-year period, News 4 Jax reported.

 

The FDOT has not yet announced whether the surety companies with bonds on Section 7A of the $1.6 billion Wekiva Parkway in Seminole County and the widening of the Beachline in Orange County have selected new contractors to take over.

 

Dive Brief:

  • The Florida DOT announced earlier this month that Astaldi Construction Corp. has voluntarily defaulted on four state highway projects (details herehere and here). The FDOT said that Astaldi is working with the surety companies that issued payment and performance bonds for the projects to make sure subcontractors are paid and that the department and sureties will replace Astaldi with other qualified contractors as soon as possible. 

 

 

  • The FDOT said it is working to make sure that there is minimal impact on the timeline for each project. Astaldi Construction is a division of Italian company Astaldi Group, which filed for bankruptcy protection in October 2018, according to Seeking Alpha. Read full article here.

 

Hire 10 provides a list of our current openings here.

 

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