Sep 16, 2022
commercial general liability insurance, construction news, insurance for contractors
Brief: The Texas DOT will spend a record $85 billion on roadway construction and other transportation efforts over the next 10 years, according to the agency’s 2023 Unified Transportation Program, which directs federal and state funding to projects. These UTP funds are in addition to $32 billion over the life of the program for […]
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Sep 08, 2022
california contractor insurance, commercial general liability insurance, construction news, insurance for contractors
Brief: There are several “ifs” attached, but the NFL’s Chicago Bears may be getting a new stadium. Should the franchise continue with plans to purchase 326 acres in Arlington Heights, Illinois, it intends to build a “best-in-class enclosed stadium,” per an announcement. The stadium would serve as the anchor for what the team called one of […]
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Sep 02, 2022
commercial general liability insurance, construction news, insurance for contractors
Rising MEP costs, inflation and supply chain concerns haven’t slowed costly healthcare projects. A rendering shows the proposed design of the new hospital at UCSF Helen Diller Medical Center at Parnassus Heights. Courtesy of Herzog & de Meuron Healthcare construction remains strong despite surging costs, with spending in the sector near all-time highs, according […]
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Aug 25, 2022
california contractor insurance, construction news, general liability insurance, insurance for contractors
Brief: While most of the tax deductions and incentives to build climate-friendly structures in the Inflation Reduction Act go to building owners, one area can significantly benefit contractors as well, a construction tax expert said. Phillip Ross, leader of the construction industry group at New York City-based accounting advisory firm Anchin, detailed how contractors can […]
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Aug 12, 2022
california contractor insurance, commercial general liability insurance, construction news, insurance for contractors
Brief: The AECOM-Hunt Turner joint venture building the $2 billion NBA Intuit Dome arena for the Los Angeles Clippers topped out its concrete frame last week, just six months after its first foundation was poured, according to a Turner press release. The project broke ground in September 2021. Completing the concrete frame took more than […]
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Jul 28, 2022
california contractor insurance, construction news, contractor news, insurance for contractors
Brief: The value of commercial and multifamily construction starts rose 24% in the first half of 2022 compared to the same period last year in the country’s top 20 metropolitan areas, according to Dodge Construction Network. The top three markets are New York City, Dallas and Washington, D.C. In the first half of the […]
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Jul 28, 2022
california contractor insurance, construction news, contractor news, general liability insurance
Clients like Samsung, Panasonic and Google eye massive U.S. projects in coming years. Samsung, the South Korea-based electronics company, has begun applications for tax breaks on 11 potential chip plants worth about $191 billion in Texas. Chung Sung-Jun / Staff via Getty Images Tech companies are influencing a boom in different types of construction, namely […]
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Jul 21, 2022
california contractor insurance, construction news, contractor news, insurance for contractors
Even companies that are profitable on paper can be crippled if they can’t collect payments promptly. It’s no secret that in the construction industry, cash flow is king. Even companies that are profitable on paper can be crippled if they can’t collect payments promptly. It’s an industry-wide problem, and it affects subcontractors, residential contractors and […]
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Jul 08, 2022
california contractor insurance, construction news, entrepreneurial news, small business
Golf and business have been linked for as long as the game has been around. You can learn a lot about a person from playing a round of golf with him or her, as the game reveals so much about character, mindset and willpower. But it can also teach you a great deal about business. […]
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Jun 23, 2022
california contractor insurance, commercial general liability insurance, construction news, insurance for contractors
Brief: Lego Group on Wednesday announced that the company will invest over $1 billion to open a factory in Chesterfield County, Virginia, according to a company press release. Construction will launch in the fall of this year, with a projected start date for production in the second half of 2025. The 1.7 million-square-foot facility will […]
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