Fourteen Percent of Construction Workforce Is Unionized
An estimated 1.1 million of the 7.84 million wage and salary workers in the U.S. private construction industry belonged to a union last year.
Study: Repealing IL Prevailing Wage Law Would Boost Economy
A study from the Illinois Policy Institute determined that repealing the state’s prevailing wage law would help boost economic growth.
Clear Communication Protects Contractors on the Jobsite
Establishing a clear and meaningful communication structure - and using it - can help prevent certain conflicts and assist in effectively managing other conflicts that arise on a project.
To Setoff or Not to Setoff
General contractors and subcontractors can protect themselves from losses when contracting with the same party on multiple jobs by understanding recoupment and setoff and careful drafting of contract language before the job begins.
Take Advantage of Deferred Tax Liability for Construction Contracts
There are numerous ways that tax reporting for construction contracts can create taxable temporary differences and thus a deferred tax liability for financial reporting. Here's how.
Keeping Up With Fast-moving FAA Drone Regulations
As modern drones become capable of doing more, FAA regulations are also rapidly changing to keep pace. Contractors using drones need to stay up to date with the latest regulations.
Owner Bankruptcy: What’s a Contractor to Do?
Contract provisions stating the contract is terminated if the owner or developer is bankrupt are generally unenforceable. So what’s a contractor to do?
Sunny Outlook for Managing Volatile Weather Risk Exposure
New approaches to analyzing historical weather patterns and interest from third parties willing to assume these risks are changing the way the industry approaches weather risk exposure.
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