Below you'll find a list of all posts from 2020
According to ConstructionBusinessOwner.com, Associated Builders and Contractors reported that its Construction Backlog Indicator rebounded to 7.7 months in October, an increase of 0.2 months from September’s reading, according to an ABC member survey conducted from October 20 to November 5. Backlog is 1.2 months lower than in October 2019. ABC’s Construction Confidence Index readings for sales, profit margins and staffing …
By Construction Dive Guidance released this week by the Internal Revenue Service could have tax implications for construction companies that plan to ask for forgiveness of their Paycheck Protection Program loans. The new guidance is in line with an IRS notice this spring that ruled out tax deductions for wages and rent paid with forgivable PPP loans in order to …
The next new thing in the construction industry, be it a project delivery method or the latest technology, always garners a lot of attention, even from those that might not ever use it. This is probably the reason that while most contractors have never been part of a public-private partnership (P3) team, they definitely watch those who are. So, the …
By Construction Business Owner Only eight states and the District of Columbia have recouped the severe pandemic-induced losses of construction jobs that occurred last spring, according to an analysis by the Associated General Contractors of America of government employment data. Association officials warned that job losses will become even more widespread unless lawmakers promptly renew and expand the loan program …
Prince George’s County Public Schools (PGCPS) Chief Executive Officer Dr. Monica Goldson announced the next stage of the school system’s innovative and collaborative school construction program, a move designed to address rapid enrollment growth amid aging school buildings. Read more here.
Clark Construction is now accepting applications for its 2021-22 Strategic Partnership Program. The program is a central element of Clark’s effort to support small businesses on a national scale to foster both the technical and professional development that small contractors need to realize their business objectives and confidently compete for new construction opportunities. Click to learn more about Clark Construction’s …
By Pullman & Comley, LLC for JDSUPRA Now that the day of reckoning has come – SBA has opened the portal and some banks are beginning to process and submit completed PPP forgiveness applications – what can you do to try to make the process easier for your lender and therefore easier for you to achieve forgiveness? Read more here>>>
The Small Business Administration has received more than 96,000 Paycheck Protection Program loan forgiveness applications but has approved none, according to the agency’s chief of staff. Read More
By Joshua Etemadi, Assistant Vice President Did you know that working capital is one of the primary factors in determining your bond program The majority of bonding companies rely heavily on working capital to determine your bonding program. Working capital is taken from your balance sheet, and simply put, it’s comprised of cash, accounts receivables, and underbillings – less your …
The U.S. Small Business Administration, in consultation with the Treasury Department, announced it was releasing detailed loan-level data regarding the loans made under the Paycheck Protection Program (PPP). This disclosure covers each of the 4.9 million PPP loans that have been made. Tell me more >>>
