Construction Jobs Jump in July after Early Year Slump

August 5, 2016

The U.S. construction industry saw 14,000 new jobs in July, dropping the unemployment rate for the sector a tenth of a percent to 4.5%, the lowest for the industry since October 2006. That gain follows some 27,000 jobs lost from April to June, according to an analysis by Associated Builders and Contractors (ABC).

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Pending Threat of Devastating Florida Lien Law Change

8/4/2016

Florida’s construction lien law works the way it should about 99% of the time, bringing projects to successful completion with payment to those who made them possible. It is one of the most well-thought-out and structured laws in the country that’s well balanced between the industry and consumers to preserve rights if certain steps are taken, while providing consumers with a proper payment defense. Suppliers, however, need to be aware that all of that could change.

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Transparency, Public Input Key to Successful P3 Projects

August 4, 2016

More transparency, disclosure and public input before public-private partnerships (P3s) proceed could save suppliers and others from costly delays.

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Construction Spending Continues Decline

August 1, 2016

Construction spending in the U.S. fell month-over-month by 0.6% in June to a seasonally adjusted rate of $1.13 trillion, with sharp declines in spending on public commercial projects and on manufacturing outlays.

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P3 Update: New Hampshire

July 29, 2016   

New Hampshire legislation, known as Senate Bill 549 and signed into law on June 16, will take effect August 15. It’s the first law in New Hampshire that authorizes the use of P3 projects for transportation and infrastructure, the National Council for Public-Private Partnerships said.

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Look for Boilerplate Language in Construction Terms, Conditions

July 29, 2016   

When accepting terms and conditions attached to a purchase order (PO), one size does not fit all. Indeed, many of the terms and conditions seen often by Sam Smith, regional finance manager with Crescent Electric Supply Co. of East Dubuque, IL, are boilerplate and don’t always apply to a company’s business.

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P3 Update: Louisiana

July 29, 2016   

The state government in Louisiana has joined dozens of other states of late in adopting new public-private partnership (P3) laws that target the transportation sector.

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Collaborate with Sales to Ensure Accurate Job Information for Liens/Bonds

July 21, 2016   

Collaborate with Sales to Ensure Accurate Job Information for Liens/Bonds

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P3 Legislation Considered in D.C.

July 21, 2016   

A proposed Washington, DC public-private partnership (P3) rule seeks to lay groundwork for procurement that includes requirements for bonds or other securities.

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NY Seeks to Clarify Retainage Statute

July 21, 2016   

A state-level proposal in the New York legislature has construction industry analysts—and should have subcontractors as well as their key suppliers—on watch.

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