Design and consultancy firm Arcadis releases its 2018 Global Construction Disputes Report and asked, “Does the construction industry learn from its mistakes?” The report, later summarized by Construction Dive, found that construction and contract disputes are getting longer and more complex across the globe, costing upwards of $40M annually, and taking close to 15 months…Read More
Slow Pay Sucks: Why the Speed of Construction Payments Matter
In early June, Contract Simply, a construction loan software that helps manage monthly draw requests, released its Construction Payments Report 2018 titled, “Why the speed of construction payments matter.” The study was conducted to evaluate how slow pay affects the construction industry as a whole. The study, which was later reported on by Construction Dive,…Read More
4 ways states will fund infrastructure projects in 2018
While the construction industry awaits the big reveal of President Donald Trump’s long-anticipated infrastructure plan – promised to be introduced this month – state and local governments are likely wondering how the details will affect the way they finance repairs and construction of highways, bridges and other public projects. One thing that Trump made clear…Read More
Here’s What the New Tax Bill Means for Construction.
Construction companies should brace for change. The 30-plus-year drought since the last tax code overhaul is now over as Congress sets out to vote on and place a now-finalized tax bill on President Donald Trump’s desk. The bill slashes the corporate tax rate from 35% to 21%,…Read More
California Contractors on the hook for Subcontractor Wages effective January 1st
General contractors in California will be faced with big changes as new legislation takes effect January 1, 2018. Kim Slowley, of Construction Dive, does a great job outlining the changes and potential impact of this new legislation in the below article (Slowley, Kim. “CA bill leaves general contractors on the hook for subcontractors’ employee wage…Read More