Your source for construction industry news in the Carolinas
The Carolinas Associated General Contractors (CAGC) recently held the Build Your Career Challenge, which began at the CAGC Annual Convention in January. As members donated money to Build Your Career (BYC), they were able to list their favorite college. If $20,000 was raised during that one campaign, the school with the most votes would be…
Sentinel Risk Advisors announced this week it will expand its brand of elite risk management offerings with the opening of its first South Carolina office. The Raleigh-based firm is the Carolinas’ premier, independently owned risk and insurance brokerage. The firm opened offices in Charlotte and Winston-Salem in 2017. The expansion into South Carolina further substantiates…
National Transportation Safety Board (NTSB) investigators remain at the scene of Thursday’s pedestrian bridge collapse on the FIU campus, focusing on measuring and documenting the critical structures at the north end of the bridge. Significant developments in the investigation include: •Investigators secured a contract Tuesday to have a company remove components from the bridge that…
North Carolina Building Performance Association (NCBPA), the state’s trade association for building performance companies and professionals, announced today the release of its third annual energy efficient, green and high-performance home and building report. The report identifies 34,152 high-performance homes and buildings being built or retrofitted in the state in 2016 and finds a 9.5% price…
Columbia, South Carolina — McCrory Construction announces the promotion of Larry Kingery to Vice President of Preconstruction Services. For the last decade, Kingery has served as Director of Operations for the firm’s Special Projects Division. In this role, Kingery has led intensive early-stage preconstruction efforts for some of McCrory’s largest and most demanding projects. “We…
Report provides a rare, transaction-level snapshot into local and state governments’ economic development incentives in four U.S. cities Brookings Metropolitan Policy Program released a new report, Examining the Local Value of Economic Development Incentives: Evidence from Four U.S. Cities, by Joseph Parilla and Sifan Liu. The report explains why U.S. local and state governments deploy $45 billion to $90…
The Wage and Hour Division (WHD) has announced a new nationwide pilot program, the Payroll Audit Independent Determination (PAID) program, which facilitates resolution of potential overtime and minimum wage violations under the Fair Labor Standards Act (FLSA). The program’s primary objectives are to resolve such claims expeditiously and without litigation, to improve employers’ compliance with…
Associated Builders and Contractors (ABC) today reported that its Construction Backlog Indicator (CBI) expanded to 9.67 months during the fourth quarter of 2017 — its highest level ever and a 2.25 percent increase from the prior quarter. Backlog records were broken in the Northeast region, the commercial/industrial segment and among firms with $30 to $50…
On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was signed into law. The most sweeping tax change since 1986, the Act is intended to encourage economic growth and bring back jobs and profits from overseas by reducing corporate tax rates and providing other incentives. While it may be too soon to…
With more online bidding platforms and bid building tools available, the subcontractor bidding process has never been easier in 2018. However, there are still avoidable and costly mistakes that can frustrate subcontractors. Here are some common and costly mistakes to avoid in the subcontractor bidding process and ways to reduce risks. 1. Inaccurate Measurements, Takeoffs,…
