Category: Financial

July 14, 2021

The Biden Administration’s proposed infrastructure spending plan is a rare chance for most school districts to make their buildings greener and cheaper to operate. This is a ‘once in a lifetime opportunity’ to make major upgrades to public school facilities, […]

July 13, 2021

In May 2020, the SBA mandated that businesses that received loans of more than $2 million complete a questionnaire regarding their operations and financial conditions during the pandemic. It requested information about gross revenues, capital improvement projects, dividend payments and […]

July 8, 2021

A recent Construction Dive analysis revealed that public construction firms’ effective federal tax rates are among the lowest of any sector. The 19 largest profitable firms in the industry paid a collective 16.8% on their U.S. profits in federal taxes […]

June 2, 2021

Nevada Gov. Steve Sisolak (D) signed legislation June 2 that will accelerate construction of the $2-billion, 525-kV Greenlink transmission to open access to remote renewable energy resource areas; the just passed legislation also requires a $100-million investment in electric vehicle […]

May 27, 2021

The Federal Highway Administration (FHWA) this week announced more than $5.6 million in Accelerated Innovation Deployment (AID) Demonstration program grants to help seven states make the most of limited resources. The program allows states to bring projects to fruition in […]

May 26, 2021

In a rare case of congressional bipartisanship, the Senate Environment and Public Works Committee has approved a five-year, $303.5-billion highway measure. The May 26 vote on the bill—a high legislative priority for construction, engineering and transportation groups—was 20-0. Committee Chairman […]

May 25, 2021

Disagreements can arise on any size project and over a wide variety of issues. Consultancy firm HKA found in a 2020 report that scope changes drove the majority of construction disputes worldwide, followed by design errors; incomplete design; substandard management […]

May 24, 2021

The Biden Administration recently announced new federal investments in building energy efficiency and electrification, as well as new opportunities to modernize homes and businesses. Among the initiatives is an interagency federal sustainability effort to develop the first-ever building performance standards […]

May 21, 2021

The drought response proposal is part of Newsom’s California Comeback Plan, a $100 billion investment to help the state recover from the effects of the coronavirus pandemic. The plan includes expanded tax rebates for two-thirds of Californians and aid for […]

May 12, 2021

Earmarks are back. After a decade-long absence, bill provisions that direct funds to specific recipients have returned to Washington, D.C., politics. Congressional leaders from both parties took steps in March to permit limited earmarks, which will allow some spending projects […]