Word: kiewit
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Dates: during 1952-1952
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...Peter Kiewit is a 51-year-old Omaha contractor whose motto is: "No job is too big or too small." Three years ago, while grossing more than $100 million a year. Kiewit lived up to half of his motto. He won a contract to resurface three rural Nebraska streets. Cost: $1,500. Last week, Kiewit lived up to the other half. He got the second biggest single construction contract ever awarded.* Kiewit's new job: the $1.2 billion uranium plant for the Atomic Energy Commission in southern Ohio (see NATIONAL AFFAIRS...
...plant, spread over 6,500 acres, will take four years to build, employ an average of 17,000 men for the whole period. That means that Peter Kiewit Sons' Co. will boss nearly $1,000,000 worth of work per day. For the next four years, at least, Peter Kiewit is likely to be the world's No. i builder...
...Contractor Kiewit (pronounced key-wit), whose builder father left a small company with $25,000 in assets to three sons, has been moving mountains of earth since he took over the company in 1931. He got up from a hospital bed to do so. Young Kiewit, who learned bricklaying in high-school days and quit Dartmouth as a freshman to become a builder, had been stricken by phlebitis followed by serious complications. After lying on his back in a hospital for nine months, he decided: "If I'm going to die. I might as well die working...
...that brave mood, Kiewit decided to whip Depression as well, began expanding while other contractors were pulling in their horns (his Brothers dropped out of the company). Shrewdly, he figured that public works would get a big play as a relief measure, and when the big New Deal projects came along he had the experience and the equipment to go after them. He landed $3,000,000 worth of contracts building PWA-financed irrigation canals in Nebraska, often got jobs by bidding for them at cost, figuring that prices would drop enough afterward for him to make a profit (they...
...five World War II years, Kiewit bossed or shared more than $300 million of Government contracts, ranging from Army camps in Washington, Colorado and Oregon to landing fields along the Alcan Highway. At war's end, when crapehang-ers were again crying Depression, Kiewit made his second decision to expand, since then has bought an armored division of modern equipment. His 1,000 trucks, 350 tractors and 80 power shovels, etc., have a replacement value of $20 million. He kept a big staff of specialists and workers, including more than 100 engineers under Vice President and Right-Hand...