Liberty Mutual has agreed to pay all cost overruns associated with delays in the completion of Clearfield Municipal Authority’s new waste water treatment plant, announced CMA Engineer Jim Balliet of Gwin, Dobson & Foreman. Read the article >>>
Groups Evaluate Trump’s Disfavor of P3s for Infrastructure
The infrastructure industry and public officials are trying to figure out how to interpret President Trump’s recent move to back off what had been a major pillar of his $1 trillion infrastructure investment plan. Tell me more >>>
Pennsylvania Man Faces Charges of Insurance-Bond Fraud
An insurance agent from Lackawanna County charged in July with defrauding three clients in Susquehanna County was arrested Thursday on violations involving three additional firms in Luzerne County, authorities said. Tell me more >>>
IG Report: CMS Needs Bond Requirement for Home Health Providers
Medicare has long been plagued with overpaying providers, and one of the primary duties of program integrity contractors is to collect the overpayments and return them to Medicare. However, this may not be happening, as evidenced by a recent report from the Health and Human Services Office of Inspector General. Read the full article >>>
Trump Tax-Cut Proposal for Small Construction Businesses is Unclear
Tax bills for most small construction companies would fall under a broad tax-reform outline unveiled on Sept. 27 by the Trump administration and congressional Republicans. The proposal calls for cutting the corporate tax rate to 20% from 35%. Perhaps most important for small construction firms, the tax rate for pass-through businesses would be limited to 25%. Pass-through entities, such as sole proprietorships, partnerships and S-corporations, are taxed at individual, not corporate, rates, which hurts many construction companies in those categories. Tell me more >>>
Credit Rating Firms’ Changes Might Benefit Surety Bonding Access, Rates
Nowadays credit scores are important in countless instances. Applying for a mortgage, getting insurance or obtaining a surety bond for your business are all instances where a higher credit score is beneficial. Which is why you will probably find the below information good news. Read the full article >>>
Democratic Senators Seek $500B in Tax Dollars to Enhance Infrastructure
Senate Democrats, emboldened by the GOP’s failure to unilaterally pass a health-care bill, are launching an effort to win bipartisan support for the investment of $500 billion in taxpayer dollars in infrastructure improvements. Tell me more >>>
Contractors Fronting Money for Materials Can Lose Investment
Article provided by Cohen Seglias Pallas Greenhall & Furman PC Have you ever been in a situation where your subcontractor or fabricator did not have the financial ability to purchase material needed for a project? Have you ever offered your assistance by way of either directly purchasing the material and providing it to the subcontractor/fabricator or advancing funds to the subcontractor/fabricator to allow for the purchase? While this arrangement has its advantages, contractors should be aware of their exposure, particularly if the subcontractor/fabricator has financial issues down the road. Even though a contractor fronts the funds to purchase the materials, it could lose its interest in those materials to the subcontractor/fabricator’s lender, especially if that lender holds a security interest …
Project Manager Can Offer Knowledge To Novice Owner, Be Contractor Ally
As the construction industry has moved toward more collaborative forms of project delivery, many owners have begun engaging outside professionals who are known as owners project managers (OPMs). They assist with overall project planning, coordination and project oversight beyond what is typically performed by the owners’ design professionals. They also serve as a liaison between the owner and project team. Read the full article >>>
Construction Firms Look To Build The Labor Pool, Pay More, Improve Productivity
Construction companies are hammering out fixes to the labor shortage. Firms are planning to raise pay, implement more training and increase on-the-job safety standards to make construction more attractive to younger workers, according to a recent survey from Teletrac Navman. Tell me more >>>