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Business
Clark/Lewis Replaces Skanska-Hunt on WA Convention Center Project
Skanska Inc.
Washington State Convention Center board has awarded the convention center renovation project to a joint venture of Clark Construction and Lease Crutcher Lewis under a GC/CM contract
June 10, 2016
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Construction News Tracker
[VIDEO] US Home Sales Jump to Highest Level Since 2010
US housing market continues healthy rebound with April's existing home sales reaching their highest level in six years; plus more construction industry news on the June 9, 2016, edition of Construction News Tracker
June 9, 2016
[VIDEO] US Home Sales Jump to Highest Level Since 2010
Business Services
Why Construction Contracts Need to Define 'Substantial Completion'
Ambiguous "substantial completion" in a construction contract can lead to disputes over a contractor’s entitlement to payment and impact a contractor’s right to sue under the contract documents
May 26, 2016
Given the amount of money and the number of important deadlines that are connected with the substantial completion date in a construction project, a contractor cannot afford to be tied up in litigation or arbitration arguing over the definition of what should be an easily-definable term.
Business Services
FMI: Nonresidential Construction Index Bounces Back in Q2 Signaling Solid Recovery
Almost every component of the Nonresidential Construction Index moved in a positive direction in Q2 except the costs of labor and construction materials
May 23, 2016
The Nonresidential Construction Index (NRCI) score in 2016's Q2 has bounced back from 55.6 last quarter to 61.3. That is a solid recovery, and almost every component of the NRCI moved in a positive direction this quarter.
Financing, Insurance & Leasing
How to Avoid Excess Risks When Filing a Construction Lien or Bond Claim
Risks associated with construction liens and bond claims can be complex, but there are best practices to minimize risks when securing payment
May 19, 2016
Risks associated with construction liens and bond claims can be complex, but there are best practices to minimize risks when securing payment.
Construction Technology
Oracle to Buy Construction Cloud Service Provider Textura
Oracle
Together Oracle and Textura will offer a comprehensive cloud-based project control and execution platform that manages all phases of engineering and construction projects
April 29, 2016
Construction Safety
Risk Management: Avoiding Safety Sinkholes
Three steps to protect workers and those around the work area - and limit legal fall-out - with a safety first construction project mindset
April 18, 2016
One construction risk consultant shared that in most of the cases that he’s investigated the common thread appears to be lack of clear and strong leadership. Did you get that? That’s the senior leaders of our companies not paying enough attention to what our crews are doing.
Business Services
Contractors Beware: New Rules and Regulations Coming Soon
April 13, 2016
Home
CA Contractor Licensing Board: Contractors Failed to Meet Trade Standards for Workmanship
General contractor and subcontractors involved in Berkeley balcony collapse could face license suspension or revocation
April 12, 2016
Construction Safety
A Risk Management Conversation with a Risk Management Expert
Ten tips to help construction contractors of all specialties improve their risk management
April 11, 2016
Risk management is really about more than just safety. If you're reading this article and recognizing these risks for the first time, don’t leave your reading with anything less than a commitment to make sure you are cleaning up the risk that your company might be experiencing.
Construction Safety
Risk Management: Safety First
Risk management is essentially the effort you take as a contractor or construction leader to limit, reduce or eliminate any construction effort that would pose a safety risk
April 4, 2016
Prevention in the form of educating, reminding, and having needed safety resources and safe working equipment and tools can reduce your risk ten-fold. But, we need to clearly communicate safety and be consistent in practicing what we are preaching about safety.
Business Services
What Do You Need to Know About Construction Lien Waivers?
Levelset
Lien waivers are exchanged so routinely on construction projects and are so closely tied to payment; it is important to understand how they work
March 29, 2016
A lien waiver is a document commonly exchanged among parties in the construction industry as part of the payment process. The party receiving payment signs a lien waiver (often at the request of the party making payment) in exchange for payment.
Construction Safety
OSHA Issues Final Rule for Silica Dust Exposure
New rule goes into effect June 23, 2016; construction industry compliance deadline is June 23, 2017
March 24, 2016
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Rental
Neff Corp. Strengthens Commitment to Safety with Adoption of ProcessMAP's EHS Software
ProcessMAP Corporation, the leading provider of enterprise cloud-based Environmental Health & Safety (EHS) solutions, announced that Neff Corporation is strengthening its commitment to safety excellence by adopting ProcessMAP's software.
March 23, 2016
Construction News Tracker
[VIDEO] Building Permit Logjam Stalls Multifamily Housing Construction
Permit issuance time frame has nearly doubled from four months average turnaround in 2011 to seven months in 2015; plus more construction industry news in the March 17, 2016, edition of Construction News Tracker
March 17, 2016
[VIDEO] Building Permit Logjam Stalls Multifamily Housing Construction
Business
Tutor Perini Awarded Contracts for Hudson Yards Construction Project
Tutor Perini awarded contractors for 15 Hudson Yards residential building and The Shops & Restaurants retail complex totaling around $1.2 billion in construction value
March 16, 2016
Business Services
Why Contractors Must Pay Attention to Notice Requirements on Construction Contracts
Construction Business Coaching
As much as 50% of all profits made or lost on construction projects can be a result of managing the contract properly
March 16, 2016
By not documenting conflicts or changes in a timely and complete manner, contractors inadvertently shift more responsibility onto their own shoulders and can lose the right to collect.
Business Services
5 Labor-Regulation Changes that could Cost Contractors Money in 2016
While 2016 is expected to bring contractors more business, modifications taking effect in the way the Feds regulate labor this year hold new risks for employers
March 4, 2016
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