Avoiding the Element of Surprise and the Notice of Furnishing Labor or Materials
Generally, no one benefits from surprises on a construction project. A particular problem that often catches general contractors by surprise occurs when a lower-tier subcontractor or materials supplier (i.e., one who does not contract with the general contractor but instead has a contract with a subcontractor) suddenly appears claiming that an unpaid contract balance is…
Construction Substantial Completion Explained: What it is and Why it’s Crucial in Construction
Substantial completion is a legal term used in construction. Construction substantial completion impacts contractors and owners in a variety of ways. For contractors and subcontractors it’s important to know and clarify substantial completion. What is Construction Substantial Completion? Construction substantial completion is a legal term used in contracts between owners and contractors. It marks a…
AGC: Construction Employment and Spending Rise
Construction employment increased by 25,000 jobs in May and by 286,000 jobs over the past year while construction spending reached $1.310 trillion in April, according to an analysis of new government data by the Associated General Contractors of America. Association officials noted that the employment and spending increases have come as federal officials have reformed…
Construction Adds 25,000 Jobs in May, Says ABC
The U.S. construction industry added 25,000 net new jobs in May, according to Associated Builders and Contractors’ (ABC) analysis of data from the U.S. Bureau of Labor Statistics. This follows a 21,000 net job gain in April (revised upward from 17,000). The industry has gained 286,000 jobs on a year-over-year basis, the largest such increase…
Construction Employment Increases, Despite Challenges Finding Talent
Construction employment increased in 256 out of 358 metro areas between April 2017 and April 2018, declined in 63 and was unchanged in 39, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said that the data showed a continuation of strong labor demand…
Reasons Why Proper Resource Planning is Critical to Your Construction Business Success
Within construction, businesses are constantly looking for the next project. Without enough projects, they end up in trouble. However, when they take on work they don’t have the resources for it also ends poorly. The only way for a construction business, or any business, to know what they can handle is for them to implement…
March Construction Unemployment Rates Down Year-over-year in 37 States, Says ABC
The March 2018 not seasonally adjusted (NSA) national construction unemployment rate was down 1 percent from March 2017, and estimated construction unemployment rates also fell in 37 states on a year-over-year basis, according to an analysis of U.S. Bureau of Labor Statistics (BLS) data released today by Associated Builders and Contractors (ABC). The national unemployment…
Constructor Certification – Enhancing the Construction Professional
As the economy of our nation improves so does that of the construction industry. This is especially true in the Carolinas which, according to governmental statistics, the construction industry in both North and South Carolina is experiencing some of the largest economic growth in the country. While this is great news for those employed in…
Tax Reform Enables ABC Members to Hire and Train More Construction Industry Workers
As a result of the Tax Cuts and Jobs Act passed in December 2017, 55 percent of Associated Builders and Contractors (ABC) contractor members plan to hire more employees, and 52 percent plan to invest in workforce development, according to a recent poll. In addition, 90 percent of member companies say employees have seen an…
Waldrop Moves Forward with Succession Plan – Dennis Pruitt Named President, Jamie Porterfield to Chief Operating Officer
Waldrop, Inc., a leading full-service mechanical contracting firm, announces the fulfillment of planned leadership changes with Bill Caldwell moving into the role of Chairman and Chief Executive Officer (CEO) and the promotion of Dennis Pruitt to President and Jamie Porterfield to Chief Operating Officer (COO). These leadership changes were effective April 9, 2018. In business…
