Construction Employment Shows Promise in March

March proved there's always a job in construction as employment increased month-over-month (MoM) and year-over-year (YOY), according to Associated Builders and Contractors (ABC). Based on ABC's review of Bureau of Labor Statistics' data, 16,000 net new jobs opened up in construction last month, particularly for residential and nonresidential specia...
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Nonresidential Construction Spending Sees Some Expansion in February

Nonresidential spending in construction increased from January to February, this time rising by just over 1%, according to an Associated Builders and Contractors (ABC) analysis of U.S. Census Bureau. In total, nonresidential spending amounted to $773.8 billion, a 4.8% increase over this same time from last year. Despite some of these numbers going ...
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Wisconsin Contractors Facing Nonpayment

What traffic is to major metropolitan areas during rush hour disputes are to the construction industry. They're more than likely always there, whether or not they're wanted. While cars and other vehicles are at a standstill, it's payments in construction that are logjammed. Traffic congestion happens for all sorts of reasons, such as accidents or s...
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How Construction Creditors Can Stay Protected Amid Labor Shortages

Regardless of the type of project, payments are always just around the corner in the construction industry and often driven by project deadlines. According to recent reports from Dodge Data & Analytics, construction's struggles to maintain a solid labor force have created an increase in project delays, possibly marking the beginning of a domino...
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When Creditors Lien on a Lease, the Traditional Lien Process Does Not Apply

When beginning the process of extending credit to a customer in construction, several caveats must be considered: Which state laws apply to the job, who are the people involved in the transactions, etc. In the process of obtaining job information and beginning to file a lien, oftentimes creditors forget a crucial element: whether the lien must be f...
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Kentucky Joins 24 Other States in Banning Government-mandated PLAs

Kentucky Governor Matt Bevin recently signed off on a House bill that will prohibit state and local government agencies from "forcing bidders to sign on to project labor agreements (PLAs) for public work projects," according to an article by ​Construction Dive. ​This now makes Kentucky the 25th state in the U.S. to enact a law that will ban governm...
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Recent Washington Court Decision Examines Lien Claim, Part II

Without a solid explanation of how a lien might actually be considered "frivolous" under the statute, the court focused its examination on whether the lien claim in Woodley v. Style Corp. d/b/a Servpro of Shoreline/Woodinville, No. 77352-6-I (Wash. Ct. App. Feb. 11, 2019) was "clearly excessive." For this analysis, the court considered the dictiona...
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Recent Washington Court Decision Examines Lien Claim, Part 1

On Feb. 11, 2019, Division One of the Washington Court of Appeals issued an opinion in the case of Woodley v. Style Corp. d/b/a Servpro of Shoreline/Woodinville , No. 77352-6-I (Wash. Ct. App. Feb. 11, 2019). The case highlights the care that should be exercised in filing a lien claim for services furnished to improve a condominium and the conseque...
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Creating a ‘Conduit Relationship’ to Avoid Construction Payment Mishaps

The business-to-business (B2B) credit process is fairly similar across various industries: A grantor provides credit to a debtor for business or commercial purposes. While this definition, found in NACM's Principles of Business Credit , extends to the construction industry, project owners often encounter additional hurdles that, otherwise, aren't a...
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Gains in Construction Input Prices Unlikely in Coming Months

The first two months of 2019 proved kind to the construction industry, where input prices increased monthly and annually. However, if the predictions of Associated Builders and Contractors (ABC) Chief Economist Anirban Basu are true, the sector will experience different results in the coming months. Construction input prices have dwindled over the ...
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