Business: Page 260

AGC & SAGE Forecast COVID-19 to Shrink the 2021 Construction Market

Associated General Contractors of America (AGC)

Results of the 2021 Construction Outlook survey yield a forecast of declining demand for new construction projects, increasing project cancellations or delayed production and decreasing new hires

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Elaine Chao to Resign as US DOT Secretary, Citing Violence at the Capitol

Chao writes that she is ‘deeply troubled’ by the ‘entirely avoidable’ violence on Capitol Hill on Wednesday, as protest resignations from the Trump administration, and calls for Trump's removal, mount

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Construction News Tracker

Construction News Tracker: $900B COVID Relief Bill Rejuvenates PPP Loan Program

AGC and AASHTO applaud Biden choice of Pete Buttigieg to lead US DOT, planning of nonresidential construction projects is declining, construction employment lags pre-pandemic levels in 35 states, EEOC OKs asking job candidates for COVID vaccine history

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5 Tips to Keep Your Cash Flowing

Most business fail because of a disruption in cash flow. Here are five tips to keep your cash flowing.

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Construction Tech Startup Katerra Receives $200 Million From Investor

Katerra escaped bankruptcy through an investment from investor SoftBank.

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U.S. Department of Labor Final Rule Clarifies Independent Contractor Status

U.S. Department of Labor

Sharpening the test to determine who is an independent contractor under the Fair Labor Standards Act will reduce worker misclassification, reduce litigation, increase efficiency, and increase job satisfaction

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Labor & Workforce Development

Do You Have the Right Employees in the Right Roles?

Construction Business Coaching

The owner, as head coach, has to strive to fill each position with the best players available who have the required experience, talent, attitude, and ability to win.

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US Construction Spending Sets a Record in November Despite Nonresidential Shrinkage

The value of total U.S. construction put in place rose 0.9% on soaring residential spending even as the pandemic-softened economy continues the nonresidential construction slump

Total construction spending has risen to a record high on housing, but private nonresidential construction declined for the fifth-straight month in November, while public nonresidential spending slipped for the fifth time in the past six months.

Personal Protection Equipment

HeroWear Apex Exosuit Takes 50 lbs. of Strain Off User's Back

Soft, textile-based exoskeleton weighs less than 4 lbs. and takes 50 lbs. of strain off the user's back muscles.

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Single-family Housing Continues to Thrive During Pandemic as Multifamily, Commercial Construction Struggle

The residential housing market has held strong and will continue to thrive in 2021, but multifamily and commercial construction aren't expected to fare as well post-pandemic.

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Specialty Building Products Majority Stake Acquired by Private Equity Firm

Specialty Building Products

Specialty Building Products has signed a definitive agreement where The Jordan Company will acquire a majority ownership position in SBP.

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Use a Cautious Approach to Construction Equipment Acquisition in 2021

GB Financial Services, LLC

With construction backlog uncertain for many, consider your needs and options when acquiring new or used construction equipment.

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