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Category: Financial


Construction Processes, Financial

Payroll tax deferral program could leave employers holding the bag

September 11, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

Hudson River Tunnel Project Cost Rises to $11.6B as Construction is Further Delayed

August 31, 2020

Via: ENR

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 […]


Construction Processes, Financial

The 10 large construction markets most devastated by COVID-19

August 27, 2020

Via: Construction Dive

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, […]


Construction Processes, Financial

Contractors file $16M of liens on Royal Caribbean’s Miami headquarters project

August 26, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

7 bidding mistakes that can throw off a project

August 26, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

The COVID-19 conundrum: Money is available for new construction projects, but few are breaking ground

August 24, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

Lumber prices soar due to shutdowns, higher demand

August 21, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

2 major travel-related projects halted due to COVID-19

August 19, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial

Lendlease reports pandemic-driven loss for second half of its fiscal year

August 17, 2020

Via: Construction Dive

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 […]


Construction Processes, Financial, Sustainability

$9.6B worth of infrastructure projects delayed or canceled during COVID-19

August 4, 2020

Via: Construction Dive

The report underlines an important area in which the lagging impacts of COVID-19 are just now starting to emerge in construction’s numbers, while contractors increasingly worry about the potential of a sagging economy to shelve new projects. The 16 states […]