Category: Financial

January 22, 2021

For contractors and small construction companies, the importance of having the right amount of the right types of business insurance can’t be overstated. For many small businesses that don’t have adequate coverage, the cost of one liability lawsuit can be […]

January 20, 2021

State departments of transportation are set to receive funds totaling $9.8 billion as a result of emergency aid from the $900 billion COVID-19 relief measure passed late last year. That number is a part of nearly $10 billion total earmarked […]

January 13, 2021

Rents are breaking records, but the construction pipeline is, too. As of Q4, there were 360.7 million industrial square feet under construction with 94% of it intended for warehouse and distribution uses, according to the report. The South has the […]

January 11, 2021

The processing time and mode will also be slightly altered from last year’s PPP process. The applications will go through a series of automated checks before a loan number is issued, Treasury officials said. That could slow processing time by […]

January 5, 2021

One of the most anticipated aspects of the $908 billion coronavirus relief measure signed by President Trump last week includes $284 billion for a revamped Paycheck Protection Program. The measure — attached to a $1.4 trillion bill set to fund […]

December 23, 2020

Among the many provisions in the coronavirus relief bill, one key item is $10 billion to help state highway agencies make up for losses in state fuel taxes and other revenue due to the pandemic-caused falloff in traffic this year. […]

December 18, 2020

Are you thinking you’ll be busier in 2021 than in 2020? If that’s the case—it may be a great time to add new construction software or new or used equipment and deduct all of it on this year’s taxes. Call […]

December 17, 2020

The Federal Transit Administration (FTA) has given seven transit projects around the country some welcome news, allocating a total of $554.3 million to help finance them. The funding, which FTA announced on Dec. 17, comes from the agency’s Capital Investment […]

December 14, 2020

As the end of 2020 approaches, even as many construction businesses are still struggling with the fallout from the COVID-19 pandemic, it’s time to close out the year financially. That means it’s time for tax planning and the consideration of […]

December 11, 2020

The results came as Fluor looks to regain its footing after a restructuring to put accounting mishaps behind it. The company is now pursuing higher-quality contracts, even as it continues to work through older, “zero margin” jobs. The firm didn’t […]