As a result of the construction recession, many contractors are feeling the pinch from their surety company and it’s affecting their balance sheet. Every job is scrutinized and subject to intense questioning, which leads to slower approvals. Profit margins have decreased, bid lists are long, private work is minimal and the credit markets aren’t loaning money. Now, more than ever, it’s imperative that contractors do everything in their power to build or maintain their surety relationship.
To clinch control of the Senate, Republicans must simply win one out of the remaining five toss-up races. Right now they lead polling averages in Iowa and Colorado, trail narrowly in North Carolina and New Hampshire, and Kansas is too close to call. By giving each party the races they currently lead, Republicans likely will control 53 seats, good for a net gain of eight.
Doing business in California got a little tougher this summer with Gov. Jerry Brown’s approval of S.B. 854—a law requiring all contractors planning to bid on future public works jobs in the state to register with the California Department of Industrial Relations (DIR) and pay an annual registration fee that will be deposited into the newly created State Public Works Enforcement Fund.
Capstone Development Partners Principal Jeff Jones offers his insight on construction activity, financing trends and what contractors can bring to the table to win more work.
Current constraints on government capacity are driving the public sector toward the innovation, quality risk allocation and new revenue sources derived from P3s. Contractors that successfully navigate P3s can end up in a strong position going forward. This success is connected to the evaluation of certain risks, which can be segmented into three areas: procurement, performance and permanency of participation.
OSHA issued an interim policy that delays enforcement of most new requirements of the Electric Power Generation, Transmission and Distribution and Electrical Protective Equipment final rule for employers that are complying with the existing general industry standard. The final rule took effect July 10 but won’t be enforced until Oct. 31.
Rep. Steve Southerland (R-Fla.) introduced new bipartisan legislation, Waters of the United States Regulatory Overreach Protection Act (H.R. 5078), in response to a proposed rule by the U.S. Environmental Protection Agency and the Army Corps of Engineers that would redefine “waters of the United States” and expand the scope of federal jurisdiction.
The ABC National Craft Championships fosters a drive for these young competitors to be their best and accomplish more than they thought they could. In doing that, momentum continues to build after the competition for them to reach even greater goals.
Andy Anuzis, former executive director of ABC of Michigan, received help from Wm. Molnar Roofing Co. and other members of the ABC Southeastern Michigan Chapter to repair the home of a colleague who was recently paralyzed.
To build a strong workforce pipeline from start to finish, gains must be made by focusing on the earlier stages of career development. By exploring a range of different partnership models, industry leaders have a tremendous opportunity to maximize their impact and begin to address the workforce issues they are facing.