Your source for construction industry news in the Carolinas
As the COVID-19 pandemic continues to impact the economy, businesses in the construction industry face dynamic challenges. Many firms are tightening their belts and cutting expenditures. During challenging economic times, communicating with prospects and clients is more important than ever. While activity has slowed, companies still need resources, solutions, information, products, and services provided by…
Survey of Construction Firms by the Associated General Contractors of America Finds More Than Half of Firms Have Had Projects Halted as 74 Percent Seek New Paycheck Protection Loans to Retain Staff With the covid-19 pandemic worsening by the week, an ever-increasing share of contractors are reporting cancellations of upcoming projects and shortages of equipment…
The staff at GroundBreak Carolinas understands how impactful the COVID-19 pandemic has been on the construction industry. The mental health and well being of your employees and subcontractors is critical during these challenging times. We are providing links to important resources from the Construction Industry Alliance for Suicide Prevention. The Construction Industry Alliance for Suicide…
Indemnification clauses run a close third for “Most Tortured Interpretations” in the history of the written word, just behind the United States Constitution and the lyrics to The Beatles’ “I Am the Walrus.” One would think that, by now, a razor-sharp indemnification clause would exist such that it would become essentially boilerplate language, with a…
Autodesk, Inc. (NASDAQ: ADSK), in partnership with management consulting firm FMI Corporation, today released findings from an industry study, “Trust Matters: The High Cost of Low Trust.” The study measured the costs and benefits of different levels of trust within construction organizations and across construction project teams. The findings reveal organizations with “very high” levels of…
As communities across the country race to expand available hospital bed space in response to COVID-19, an American Institute of Architects (AIA) task force is providing a new tool for public officials to quickly identify buildings suitable to be adapted for patient care. The COVID-19 Alternate Care Sites Assessment Tool provides a checklist highlighting important areas to consider when…
The Dodge Momentum Index declined by a scant 0.6% in March to 146.5 (2000=100) from the revised February reading of 147.4. The Momentum Index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential…
Cherry Bekaert LLP (“the firm”) announced the acquisition of the Tax Advantage Group (“TAG”), a specialized consulting firm that provides New Markets Tax Credit (“NMTC”) services to clients across the country. Based in Greenville, SC. TAG will now operate as Tax Advantage Group by Cherry Bekaert, and will bring six experienced professionals to Cherry Bekaert’s Credits…
Content contributed by Brightworth Financial As you read this, you’ve probably been bombarded with news about financial markets, lockdowns, and public health. While the current environment provides a time for us to connect with others to give comfort, others see an opportunity to leverage a crisis to exploit people through scams. In the last few…
Orginonally Posted on AIA.org We are living in a challenging time. As we awaken each new day of this unfolding public health emergency, our perspective changes, sometimes radically. Despite all of our professional knowledge and technical mastery, the COVID-19 crisis demands that we remember the fragility of the human condition. As architects, we know that…
