Category: Financial

September 15, 2020

Having enough cash on hand to pay the bills and fund new projects is always top of mind for contractors, especially labor- and material-heavy subcontractors that fund most of the activity on a construction project often months before the owner […]

September 11, 2020

The program’s implementation burden falls on employers. Those that decide to participate must let their employees know about the deferral and the added burden they’ll face to pay the money back next year. Guidance the IRS issued August 28 says […]

August 31, 2020

Costs for the proposed Hudson River rail tunnel project yo-yoed back up as planners postponed the projected start date by a year, according to documents dated Aug. 28 by the Gateway Program Development Corp. and the Port Authority of New […]

August 27, 2020

A Dodge analysis of the largest markets for commercial and multifamily construction by dollar value shows the 10 biggest negative percentage changes in starts compared to last year. Conversely, commercial and multifamily construction starts in Phoenix bucked the national trend, […]

August 26, 2020

Construction Dive reached out to Royal Caribbean about the liens but had not received a response by press time. During the company’s second-quarter 2020 earnings call earlier this month, Richard Fain, Royal Caribbean CEO and president, said all capital projects […]

August 26, 2020

Since the coronavirus pandemic arrived in the U.S., contractors have been increasingly nervous about maintaining and building their backlog of work as jobs in some areas and sectors are put on hold or canceled. To build their books, many firms […]

August 24, 2020

Even in a coronavirus-challenged environment, there’s money available to build new projects; what’s rare is finding an owner who is willing to break ground. That’s the takeaway of several observers who have noted a dearth of new construction projects coming […]

August 21, 2020

Several factors have led to the price jump, according to the Wall Street Journal: An increase in residential construction including do-it-yourself projects like decks. Low mortgage rates that spurred residential construction and remodeling. The construction of outdoor seating and dining […]

August 19, 2020

The two pullbacks on works in progress are notable. Since the breakout of the pandemic in March, work at most construction projects that had already broken ground has continued. These two high-profile jobs show that even if projects have already […]

August 17, 2020

During the company’s presentation, the global COVID-19 pandemic was presented as a challenge, but group CEO Stephen McCann said that the company has taken defensive measures such as reducing costs, has the wherewithal to survive though a potential extended industry […]