Trump Tax-Cut Proposal for Small Construction Businesses is Unclear

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Tax bills for most small construction companies would fall under a broad tax-reform outline unveiled on Sept. 27 by the Trump administration and congressional Republicans. The proposal calls for cutting the corporate tax rate to 20% from 35%. Perhaps most important for small construction firms, the tax rate for pass-through businesses would be limited to 25%. Pass-through entities, such as …

Contractor’s Fronting Money For Materials Can Lose Investment

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Have you ever been in a situation where your subcontractor or fabricator did not have the financial ability to purchase material needed for a project? Have you ever offered your assistance by way of either directly purchasing the material and providing it to the subcontractor/fabricator or advancing funds to the subcontractor/fabricator to allow for the purchase? While this arrangement has …

Project Manager Can Offer Knowledge To Novice Owner, Be Contractor Ally

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As the construction industry has moved toward more collaborative forms of project delivery, many owners have begun engaging outside professionals who are known as owners project managers (OPMs). They assist with overall project planning, coordination and project oversight beyond what is typically performed by the owners’ design professionals. They also serve as a liaison between the owner and project team. …

States Take Lessons From Indiana P3 Project, Focus on Bidder’s Qualifications

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Continued construction risk in public-private partnerships was a key topic for financing experts on a panel hosted by investment firm D.A. Davidson as part of its annual investor conference, held in Chicago on Sept. 19. “There are two types of equity investors that usually get into P3s,” said Bryan Kendro, vice president of project development at Star America Infrastructure Partners …

Maryland Governor Seeks $9B To Add Lanes To Two DC Metro-Area Interstates

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Maryland Governor Larry Hogan proposed on Thursday an ambitious $9 billion public-private partnership to add new traffic lanes around the traffic-clogged U.S. capital region and assume control of a highway operated by the federal government. Hogan, a Republican, said his administration plans to add four new lanes to the Capital Beltway (I-495), a ring highway around Washington, and four new …

Four Companies Contracted For Border Wall Prototypes

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The Department of Homeland Security awarded four contracts for border wall prototypes, another crucial step in President Donald Trump’s plan to secure the border. Officials of Customs and Border Protection gave contracts to Texas Sterling Construction of Houston, Caddell Construction of Montgomery, Alabama, Fisher Industries of Tempe, Arizona, and W.G. Yates & Sons Construction of Philadelphia. Read the full article …

Contractors Should Know Exclusions in CGL Policy

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Whether you are a developer, builder, design professional, subcontractor, or supplier, one of the most important aspects of risk management is ensuring both you, and any entities with whom you contract, have good insurance. But, do you really know if you have enough insurance and the types of coverage you need? Ask yourself the following questions and speak to your …