Below you'll find a list of all posts from August, 2018
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 …
Historically, a construction company owner’s main concern was to find the next job and keep the company’s backlog at an appropriate level. In today’s fast paced, competitive, and complex construction market, owners are challenged with a range of other issues. Read about them here >>>
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 …
A South Abington Twp. insurance agent will spend up to six years in prison and will have to make more than $192,000 in restitution for defrauding business clients. Timothy A. Hewitt, 42, was sentenced Tuesday in Lackawanna County Court by President Judge Michael J. Barrasse to a total of 19 to 72 months in state prison, followed by 12 years …
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 …
