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Small & Emerging Contractors

 

Construction Executive

How Millennials Have Shaped the Construction Industry—for Better and for WorseOpen in a New Window

Last year marked a milestone for the country’s youngest generation of workers, commonly known as millennials: They overtook baby boomers as the largest workforce segment in America. Employers should be ecstatic that elevated rates of retirement are positioned to be offset by an influx of younger, energetic, tech-savvy workers ready to stimulate productivity. 

 

Executive InsightsOpen in a New Window

Four experts offer advice on what contractors need to know about construction disputes.

 

Farewell John Hancock: The Emerging Use of Digital Signatures Open in a New Window

The law of electronic signatures primarily derives from two statutes: the Electronic Signatures in Global and National Commerce Act 2000 (ESIGN), which governs at the federal level, and the Uniform Electronic Transactions Act (UETA), which governs each state (except New York, Illinois and Washington). Both laws establish that electronic signatures are legal with only a few exceptions.

 

Decision Opens the Door to Joint Employer Liability for Contractors Open in a New Window

On Jan. 25, the 4th Circuit Court of Appeals dealt a significant blow to the traditional contractor-subcontractor relationship. In finding that a contractor and subcontractor could be considered “joint employers” of the subcontractor’s workers for purposes of the Fair Labor Standards Act (FLSA), the court’s decision has opened a Pandora’s Box of potential wage and hour issues, including claims for overtime pay against contractors and higher-tier subcontractors from the employees of lower-tier subcontractors.

 

What are your best time management tips? Open in a New Window

"My best time management skill is keeping up with email daily. If I am able to get through all emails from the day and respond with an answer or delegate to someone else, I find that I avoid issues becoming an emergency. I attempt to minimize the amount of items that I add to my to-do list and provide a quick response to avoid leaving too many items unanswered."

 

Celebrating 30 Years With 30 Acts of KindnessOpen in a New Window

VCC has given more than $2 million to charities across the country since being founded in Little Rock, Ark., in 1987. The company’s more than 340 employees share a commitment to a family-oriented culture and to building world-class facilities, but it’s their dedication to service that they feel truly sets them apart.

 

Prepare for Changes to Aerial Work Platform RegulationsOpen in a New Window

Canadian and U.S. regulations for the safe use of mobile elevating work platforms (MEWPs), ANSI A92 and CSA B254, are being updated in an effort to better align with international standards (ISO 16368). While the current ANSI and CSA standards are product specific (i.e., there is a standard for each type of MEWP), the new revisions will be subject matter-based standards (i.e., safe use, training and design). 

 

Before Employees Leave, Protect Your AssetsOpen in a New Window

A review of most construction companies’ financial records reveals their primary value is their owners and employees. Thus, firms have a compelling interest in attracting and retaining skilled and professional labor, as well as avoiding the devastating loss of talent and know-how when they leave or engage in competing businesses. Construction companies that cater to the demands unique to each type of employee will find an edge in the employment marketplace. For instance, to attract older employees, construction companies could consider offering a wide array of tax-advantaged savings and retirement incentives, including health savings accounts, college savings accounts, 401(k) accounts, simplified employee pensions, IRAs and qualified and non-qualified deferred compensation plans. 

 

NAIOP Announces 2016’s Top 10 States for Commercial DevelopmentOpen in a New Window

Office, industrial, warehouse and retail real estate development supported 6.25 million American jobs and contributed $861 billion to U.S. GDP in 2016, according to an annual study by NAIOP. The top 10 states for commercial development, beginning with the highest construction value, were New York, Texas, California, Louisiana, Florida, Georgia, Michigan, Illinois, Pennsylvania and Massachusetts. Only New York, Texas and Florida remained in the same position as 2015. 

 

NYC Construction Workforce Trending Younger, More DiverseOpen in a New Window

While New York City’s construction industry continues to be dominated by male residents of the five boroughs, a New York Building Congress analysis of Census Bureau data has found that the city’s construction workforce has become younger and more diverse.

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