Rising Construction Costs Concern West Virginia Transportation Secretary

Denise Gillin Uncategorized

Transportation Secretary Tom Smith said Monday that runaway inflation in highway construction costs has the department concerned as West Virginia embarks on the $2.8 billion “Roads to Prosperity” initiative. “Those are concerning numbers when you have things escalating that far,” Smith said of reports of an 8.8 percent inflation rate for construction costs. Those costs might have been reflected last …

Attorney: Contractors Should Read Construction Contracts for Ommissions, References

Denise Gillin Uncategorized

Whether it’s a contract, an insurance policy or another provision governing a construction project, all terms are spelled out in black and white—or they should be. If not, the risk for claims and disputes usually rises, often dramatically. Construction contracts alone can make or break projects before shovels hit the dirt, depending on whether the terms and conditions of multiple …

Construction CEOs Confident Revenue Will Rise

Denise Gillin Uncategorized

Recent construction surveys have expressed a cautiously optimistic look at the industry’s prospects for the next year or so, but there appears to be a growing consensus that the seemingly unfettered growth that the industry has enjoyed during the last several years will soon slow. For example, Engineering News-Record’s second-quarter Construction Industry Confidence Survey showed that construction executives, while upbeat about the industry …