Tag: contractors

January 26, 2021

Most contractors are well aware that they must abide by the performance standards and scope-of-work requirements in their contracts or potentially face legal action. What they might not realize is that there are situations that could render their contracts or […]

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 19, 2021

Unfounded allegations around the legitimacy of the presidential election, the Jan. 6 mob attack on the U.S. Capitol and President Donald Trump’s second impeachment trial could have negative effects on American businesses, according to corporate leaders, some of whom have […]

January 7, 2021

The term “construction” appears 636 times in the $908 billion pandemic relief package and $1.4 trillion omnibus spending bill passed by Congress and signed by President Donald Trump at the end of December. In other words, while the relief package […]

December 23, 2020

The three big drivers — backlog, revenue expectations and contractor confidence — in the business group’s report “nudged up” slightly from the third quarter, but failed to reach pre-pandemic numbers. All three CCI scores were 70 or above in Q1, […]

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 10, 2020

Attorneys from a prominent workforce law firm told contractors that it is within their legal rights to compel workers to get vaccinated against COVID-19, during a webinar hosted Wednesday by the Associated General Contractors of America. D. Albert Brannen and […]

December 1, 2020

2020 has tested the leadership and fortitude of contractors all around the world. With project suspensions, supply chain interruptions, and new safety protocols, the past months have taught us all some new lessons. To learn more about how construction managers […]

November 24, 2020

Construction firms that received a Paycheck Protection Program loan of more than $2 million got news late last month that they will be required to fill out a form verifying their need for the loan. The Small Business Association is […]

October 30, 2020

With total revenue of approximately $48.5 billion, the top 10 specialty contractors for 2019 were: Quanta Services, $12.1 billion Emcor Group, $9.2 billion Mastec, $7.2 billion Brandsafway, $5 billion APi Group, $4.1 billion Primoris Services, $3 billion Artera Services, $2.1 […]

October 30, 2020

When the Trump administration started planning its program of wall replacement and new construction at the Mexican border, the political pushback was immediate. In fact, the opposition to building the border wall started during President Donald Trump’s 2016 campaign after […]

October 12, 2020

Some of the country’s largest construction firms have made changes to their executive leadership and boards of directors in recent months. These board and C-suite moves come at a time when industries and government officials are considering ways to expand […]

October 2, 2020

The Associated Builders and Contractors (ABC) Empire State chapter maintains that because of the Scaffold Law, general liability costs are higher in New York than in any other state and that some insurance carriers won’t even write policies for New […]

October 1, 2020

Contractors frustrated by the long wait for Paycheck Protection Program (PPP) forgiveness guidance may soon get their questions answered. The Treasury Department expects to begin approving and paying out the forgiveness requests of PPP applicants as soon as this week, […]

September 22, 2020

The introduction of technology into the construction industry has paved way for automated time tracking solutions. However, these time tracking solutions are no longer restricted to their traditional purpose, i.e., calculating work hours and managing payrolls. Advanced construction accounting and […]

September 16, 2020

Six months after the coronavirus pandemic first shuttered offices across the U.S., contractors and design firms have, for the most part, settled into the “new normal.” With distancing and other safety protocols implemented at jobsites, some firms have returned to […]

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 25, 2020

As a result of the novel coronavirus’ spread, construction industry players are preparing for permanent changes to the way they do business. Other changes that contractors likely will encounter moving forward through and after the pandemic, however, will be in […]

August 6, 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 […]

July 1, 2020

Robots have continued to make inroads into the construction industry. Whether due to a lack of skilled labor, or simply new tech becoming commercially available, companies continue to market robots and drones to contractors as options to perform important tasks […]