Economy: Page 22
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All surety is not alike: proactive claims team provides big benefits
One change order dispute can jeopardize multiple projects without the RIGHT surety in your corner.
By Gina Lockwood, Director of Claims, Merchants Bonding Company • March 22, 2021 -
Lawmakers introduce plan to extend PPP deadline to May 31
Small businesses will have two additional months to submit an application for a Paycheck Protection Program loan under the bill, and the Small Business Administration will have until June 30 to close pending applications.
By Anna Hrushka • March 15, 2021 -
Trendline
Top 5 stories from Construction Dive
Construction Dive editors curate some of the industry’s top stories from this year.
By Construction Dive staff -
Construction employment falls nearly 7% year over year
While last month's severe weather in the South may have played a role in some job losses, economists are divided over whether the decline signals more serious problems ahead.
By Jennifer Goodman • March 8, 2021 -
Despite 2020 layoffs, construction's labor woes persist
As the construction industry begins to recover from the pandemic, labor is getting harder to find and more expensive, a new analysis shows.
By Jennifer Goodman • March 4, 2021 -
Buttigieg says infrastructure faces a 'once-in-a-lifetime moment' as bridges, roads get C- grade
Speaking at the unveiling of the American Society of Civil Engineers' infrastructure report card yesterday, Transportation Secretary Pete Buttigieg said now is the time to fix America’s crumbling infrastructure.
By Joe Bousquin • March 4, 2021 -
Amazon Fresh builds its 10th store
The grocer has reached the 10-store milestone in just over five months with many more locations on the way.
By Jeff Wells • March 3, 2021 -
Biden calls union reps 'real friends,' seeks their infrastructure input
The president yesterday met with the leaders of several construction-related unions, nominated a new head of the National Labor Relations Board and bolstered his apprenticeship initiative.
By Joe Bousquin • Feb. 18, 2021 -
Construction firms nab $13.7B total in PPP loans so far this year
The industry is second in total 2021 Paycheck Protection Program amounts after the restaurant and hotel category.
By Jennifer Goodman • Feb. 16, 2021 -
5 creative ways malls are repurposing their spaces
With lots of square footage and plenty of parking, shopping centers are rethinking ways to give their centralized locations new life.
By Kaarin Moore • Feb. 16, 2021 -
Report: Most construction ESOPs not significantly impacted by pandemic
In a survey, 68% of construction firms with employee stock ownership plans reported their sustainability, cash flow and liquidity were not greatly affected, but 50% said 2020 profits took a hit.
By Kim Slowey • Feb. 12, 2021 -
Despite COVID-19 layoffs, construction union membership held steady in 2020
Newly released federal data also shows that wages for workers in unions and those covered by a union contract were greater than for nonunion workers.
By Kim Slowey • Feb. 2, 2021 -
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Feb. 1, 2021 -
Firms denied PPP forgiveness can take tax credit, IRS says
A change Congress made in December allows the credit for some Paycheck Protection Program loan recipients.
By Robert Freedman • Jan. 29, 2021 -
Report: Despite COVID-19, construction costs rose in these US cities
A new analysis from Rider Levett Bucknall details how construction costs have changed across 12 markets since before the coronavirus pandemic began.
By Jennifer Goodman • Jan. 28, 2021 -
Biden toughens Buy American rules
The revised policies, which will apply to the administration's plans for infrastructure and energy projects, will have ramifications for construction firms that do business with the federal government.
By Jennifer Goodman • Jan. 26, 2021 -
Biden likely to raise corporate tax rate
While President Joe Biden is expected to increase the top corporate tax rate to 28%, he may also push for new tax breaks for certain businesses.
By Robert Freedman • Jan. 22, 2021 -
Opinion
Insurance 101 for small contractors
Here are 10 ways that small and medium-sized construction firms can keep insurance costs low while maintaining proper coverage.
By Rakesh Gupta • Jan. 22, 2021 -
How Biden's Inauguration Day executive orders will impact construction
From a review of environmental regulations to new federal contracting rules and immigration policies, many of President Joe Biden's actions on his first day in office have ramifications for construction firms across the country.
By Jennifer Goodman • Jan. 20, 2021 -
Political unrest could hamper construction jobs, contractors say
Respondents to a Construction Dive survey are worried that upheaval will scare away clients and slow funding for new projects.
By Jennifer Goodman • Jan. 19, 2021 -
Opinion
7 legal, other trends influencing construction in 2021
Prolonged court closures, more payment disputes and increased small business bankruptcies are a few of the factors that will influence commercial construction this year, according to two industry experts.
By Jeffrey Kozek and E. Mitchell Swann • Jan. 19, 2021 -
Survey: Is US political unrest harmful to construction?
Running a business is never easy, but corporate leaders say that recent political and economic uncertainty could make it more difficult. What's your take?
By Jennifer Goodman • Jan. 14, 2021 -
The 13 construction sectors contractors expect to shrink in 2021
The AGC found that construction pros think only alternative healthcare facilities, warehouses and water and sewer facility work will make small gains this year while many sectors could experience double-digit declines.
By Joe Bousquin • Jan. 11, 2021 -
Latest round of PPP loan program kicks off today
The $284 billion package prioritizes community financial institutions for fund distribution and has special considerations for minority, underserved, veteran and women-owned businesses.
By Jennifer Goodman , Dan Ennis • Jan. 11, 2021 -
Construction, other trade groups decry mob violence at US Capitol
Despite Wednesday's unrest, AGC's chief said the violent attack by Trump supporters won't stop the peaceful transfer of power.
By Joe Bousquin • Jan. 8, 2021 -
What's in the new COVID-19 relief package for contractors?
Billions of dollars of funding for roads, harbors, schools, military housing, broadband and clean energy is aimed at spurring construction.
By Joe Bousquin • Jan. 7, 2021