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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 …
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 >>>
Hurricane Harvey caused severe destruction in Texas with its significant winds and historic rainfall. But Harvey may also prove to be a costly lesson for many project owners and contractors. As Texas begins to focus on recovery in the coming weeks, Harvey will further serve as a reminder to all construction industry stakeholders that hurricanes, and other “acts of God”, …
Many D.C. landlords pride themselves on having environmentally friendly buildings, and now they can boast that their city is the greenest in the world. The U.S. Green Building Council Thursday named D.C. the first LEED Platinum city in the world. Read the whole article >>>
Immigration has been thrust back into the spotlight. Earlier this month, President Donald Trump lent his vocal support to the RAISE Act written by U.S. Senators Tom Cotton of Arkansas and David Perdue of Georgia. Last week the president reiterated his commitment to building a border wall, even if it meant shutting down our government. Read the full article >>>
The disaster that is Tropical Storm Harvey is still ongoing. It will be some time before the waters recede and the effect on Houston can be fully assessed. But it is already clear the damage to property will be immense. Tens of thousands of structures were impacted by floodwaters. Eventually, Houston will require massive cleanup, demolition, and reconstruction of individual …
Construction surety is about to get significantly more sure. Two trade groups, the National Association of Surety Bond Producers (NASBP) and the Surety & Fidelity Association of America (SFAA) are working with two standards-setting organizations and several underwriters to develop a whole new online protocol. Read more here >>>
The Great Recession delivered a knock out punch to many African-American-owned construction companies but Steven Garth Sr.’s Chicago Heights company was not among them. Garth, 72, is founder and CEO of Garth Construction Services Corp. and chairman and a co-founder of Black Contractors United, which assists and advocates for African-Americans in the construction industry. Tell me more >>>
