Companies Need Certifications to Benefit From Minority Programs

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Business owners are often aware that there are special opportunities available to businesses owned by women, minorities, veterans and certain other groups. However, it is sometimes unclear exactly what those opportunities are, who affords them and who is eligible. The answers to these questions can vary. Generally, many government agencies have developed programming aimed at removing marketplace barriers for businesses …

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 …