Category Archives: Business News

What are the Three Most Important Risk-Shifting Provisions Contractors and Subcontractors Should be Concerned About?

Excerpt from an article from JD Supra Business Advisor: “No damages for delay” clauses allocate the risks of project delays and disruptions between the owner and contractor. Oftentimes, these clauses preclude a contractor from recovering increased costs resulting from extended project duration, including claims for increased overhead and supervision costs, loss of productivity, and acceleration, even when such costs result from owner caused delays or design issues. Although there are judicially recognized exceptions to the enforcement of these clauses, they are routinely enforced by courts to defeat otherwise meritorious claims. Continue Reading

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Tesla Gigafactory Site Filmed Again by Drone, the Clip Shows Clear Progress

Excerpt from an article from Auto Evolution: This is the third video providing an aerial view of Tesla’s Nevada-based Gigafactory, but it is also the one that shows exactly how fast is the facility moving towards its grand opening. Continue Reading

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Construction Activity Increases as Backlog Edges Higher

The Associated Builders and Contractors’ (ABC) Construction Backlog Indicator (CBI) expanded by one percent to 8.5 months during the second quarter of 2015. Backlog declined … Continue Reading

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VIDEO: Ford Treats Construction Workers to a Back Massage in the New F-150 for Labor Day

Excerpt from an article from Equipment World: Ford introduced back-massaging seats with its 2015 F-150, but it’s a feature that many still don’t know about. In celebration of Labor Day, Ford decided to head out to an active construction site in Dearborn, Michigan, and ask several workers to have a seat in the new F-150. Continue Reading

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New Boss on Construction Sites Is a Drone

Excerpt from an article from MIT Technology Review: For some construction workers, any thoughts of slacking off could soon seem rather quaint. The drones will almost certainly notice. Continue Reading

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How This 150-Year-Old Company Uses Virtual Reality

Excerpt from an article from Fortune magazine: As one of America’s largest builders, McCarthy Building Companies has been designing and constructing hospitals, laboratories, and education facilities for over 150 years. Continue Reading

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Big Year-Over-Year Boost in July Construction Spending

Nonresidential construction spending in July saw its highest year-over-year percentage increase since April 2008, according to the Associated Builders and Contractors (ABC) analysis of U.S. … Continue Reading

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Iron Workers General President Dean Talks Safety, Organizing and Training

Excerpt from an article from America’s Workforce Radio: On the broadcast today we had Eric Dean, General President of the Iron Workers International Union, and he talked about the State of the Iron Worker’s Union in regards to Organizing, Safety, and Training! Our second guest was Dave Megenhardt, Executive Director with the United Labor Agency, and he talked about the Unsung Heroes Dinner in November, New Training in IT, Healthcare and Manufacturing! Continue Reading

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New Construction Keeps Pace in July

New construction starts in July maintained June’s pace, at a seasonally adjusted annual rate of $629.4 billion, according to Dodge Data & Analytics. Nonresidential building … Continue Reading

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Rules for Achieving Construction Success

Excerpt from an article from National Real Estate Investor: When it comes to construction projects, all too often people start out with pretty drawings and end up with shouting matches or—worse—expensive lawsuits. Your project may be steel and concrete. But even a “minor” mistake, like using the wrong waterproofing caulk, can turn it into a leaky, moldy mess that’s ready for the wrecking ball—or at least a multi-million dollar rehab. So, whether you’re constructing an apartment building, the alterations for your new office space or a custom home, learn from the painful lessons of others. Continue Reading

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