ARTBA - Wed June 10, 2020
First-of-its-Kind Dashboard Tool Highlights Benefits of Federal Highway Investment
States leveraged $31 billion in federal funds to advance $66.5 billion in highway improvements during fiscal year (FY) 2018, according to an interactive tool that for the first time provides the American public and elected officials a clear look at how and where each state invests its transportation tax dollars....
Michael G. McNally, Fox Rothschild LLP - Wed June 10, 2020
What Construction Companies Need to Know About COVID-19 Related Layoffs and Multiemployer Pension Plan Withdrawal Liability
The COVID-19 pandemic has dramatically impacted the construction industry with international and domestic supply chains shut down, jobsites closed and projects delayed or outright cancelled. In response many construction companies have implemented workforce reductions....
SC DOT - Tue May 26, 2020
SCDOT Releases Initial COVID-19 Financial Impact Projections
The South Carolina Department of Transportation (SCDOT) has released its initial projections of the financial impact of COVID-19, indicating a decrease in agency revenues based on expected reductions in gas tax and car sales tax receipts....
Ritchie Bros. Auctioneers - Thu May 14, 2020
Ritchie Bros. Reports Q1 2020 Results
Ritchie Bros. Auctioneers Incorporated reported the following results for the three months ended March 31, 2020:Net income attributable to stockholders increased 26 percent to $22.8 million compared to $18.2 million in Q1 2019....
Irwin Rapoport – CEG Correspondent - Thu December 05, 2019
Contractors Discuss Rising Construction Costs
General contractors and subcontractors across the nation are witnessing increases in construction costs, be it for department of transportation contracts or commercial, industrial, institutional and residential projects....
Envision Capital Group LLC - Mon February 18, 2019
Daily, Weekly, Monthly or Quarterly: Which Type of Loan Repayment Works Best?
One of the most important considerations is the repayment schedule offered by your lender when deciding to finance a piece of equipment or inquiring about a working capital loan. Weighing the options for repaying your loan is an easy way to gain control of your business' cash flow and flexibility in your finances is critical to running your business efficiently....
Utah State Treasurer’s Office - Tue February 12, 2019
Utah Maintains AAA Credit Rating, Saves Money on Projects
Gov. Gary Herbert and Treasurer David Damschen announced that S&P Global, Moody's Investors Service and Fitch Ratings have reaffirmed the State's AAA credit rating — the highest rating a state can receive....
Envision Capital Group LLC - Fri January 18, 2019
Eight Reasons to Finance Equipment for Your Business
The vast majority (78 percent) of U.S. businesses of all sizes – from small entrepreneurs to Fortune 100 companies – in all industries – from construction to healthcare – lease or finance their equipment....
Thu February 15, 2018
Multi-Employment Pension Proposal Will Bring More Construction Firms, Workers into Stable, Comfortable Retirement Plans
The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, released the following statement in reaction to the introduction of H.R. 4997, the Giving Retirement Options to Workers Act of 2018, or GROW Act for short by Congressmen Phil Roe and Donald Norcross:"This new Congressional proposal provides attractive new options for many firms that are looking to offer good retirement benefits without incurring the liability that comes with traditional defined benefit plans....
Mon February 05, 2018
Construction Spending on the Rise, According to Latest Report
Construction spending increased for a fifth consecutive month in December as private residential and nonresidential investment for the year topped 2016 totals, while declining infrastructure spending dragged down public-sector outlays, according to an analysis of new government data by the Associated General Contractors of America....
