Claims expert on how to adapt to & document changes to stay on top
LONDON (Feb. 24, 2021) — According to survey results in the latest IHS Markit and the Procurement Executives Group (PEG), construction prices have continued an upward trend in the past month. This is largely attributed to copper prices increasing for the eighth consecutive month, a rise in carbon steel pipe and fabricated structural steel prices from January and a third straight price increase for transformers.
WASHINGTON (Feb. 26, 2021) — A report from the American Road & Transportation Builders Association (ARTBA) shows that the 2015 Fixing America’s Surface Transportation (FAST) Act Law funded more than 110,000 Road & Bridge Improvements between fiscal years 2016 and 2020. The research shows that states leveraged nearly $200 billion in federal funds to support over $340.5 billion in new highway and bridge program improvements.
WASHINGTON (Feb. 24, 2021) — Lumber prices have risen dramatically this year, prompting concerns for the construction industry. Data from Random Lengths indicates softwood lumber prices have risen 112%. The costs for homebuilders and renovation contractors are nearing record highs and have even prompted The Associated General Contractors of America (AGC) to pen a letter to President Biden asking for his intervention.
Keep an eye on electric innovations & what they can do for your jobsite
Focus on fundamentals during tumultuous times
WASHINGTON (Feb. 22, 2021) — The Biden administration has announced changes to the Paycheck Protection Program (PPP) loan program that may impact the construction industry. For a 2-week period beginning on February 24, only small business with fewer than 20 employees can apply for new PPP loans. The goal is to help the smallest businesses collect funds to offset financial instability during the COVID-19 pandemic.
A strategy for sustainable structures
WASHINGTON, (Feb. 19, 2021) — The Committee for Economic Development of The Conference Board (CED) has released a new, comprehensive report that includes policy recommendations to combat the growing infrastructure problem in America.