Below you'll find a list of all posts from 2017
Article provided by Cohen Seglias Pallas Greenhall & Furman PC 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 …
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. …
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 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 …
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 …
Construction companies are hammering out fixes to the labor shortage. Firms are planning to raise pay, implement more training and increase on-the-job safety standards to make construction more attractive to younger workers, according to a recent survey from Teletrac Navman. Tell me more >>>
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 …
Hurricane Harvey’s immediate impact on the construction sector will be a disruption in the supply chain for key materials, along with scheduling problems for projects that were under construction. As the cleanup and eventual rebuilding proceed, increased demand for materials and labor will push costs upward and contractors will be scrambling to secure supplies and workers. Read the full article …
President Donald Trump’s $1 trillion plan to rebuild America’s infrastructure may be unprecedented in size and ambition, but it mimics a controversial scheme championed by Vice President Mike Pence when he was the governor of Indiana. That’s why Pence is the public face of the Trump initiative, and executives from financial firms that helped privatize Indiana’s toll road are in …
Seventy percent of construction contractors in the United State report having a hard time finding hourly craft workers, and more than 35 percent are having a hard time hiring salaried office and field employees, according to a study released August 29 by the Association of General Contractors of America and Autodesk. Read the full article >>>
