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Tesla Begins Construction Of World’s Largest Energy Storage Facility

Aug 13, 2020 (0) comment , , ,

Concept drawing of Tesla’s 1-gigawatt hour (GWh) megapack battery facility. If operational an energy storage system of this size could power every home in San Francisco, CA for up to 6 hours. Credit: Tesla Tesla and PG&E recently broke ground on a record-setting energy storage system in Moss Landing (Monterey) California that, once complete, will […]

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$1.97B Allegiant Stadium reaches end zone

Aug 05, 2020 (0) comment , , ,

Brief: After 31 months of construction, the Mortenson-McCarthy joint venture building Allegiant Stadium in Las Vegas received a Certificate of Occupancy, delivering the project on time, according to a release from the JV. Construction on the $1.97 billion, 1.8 million-square-foot stadium wrapped July 30, and the certificate was awarded the following day. Construction on the […]

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5 Lessons Entrepreneurs Can Learn from Pro Sports Teams

Jul 16, 2020 (0) comment , , ,

There’s a reason the business world is rife with sports analogies. It’s hard to work in the business world without hearing at least one sports analogy per day. The similarities between sports and business are undeniable, which explains why many business experts use sports terminology to describe complex business concepts to the uninitiated. It seems like […]

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California could pave roads with recycled plastic

Jul 10, 2020 (0) comment , , ,

California could become the first state in the nation to use recycled plastic as part of its roads and freeways. The state Senate unanimously passed SB 1238, which directs Caltrans to study the use of plastics in asphalt for construction, or repair of a state highway or road. “There’s no other state in the nation […]

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The Dotted Line: Avoid these change order snafus

Jun 24, 2020 (0) comment , , , ,

It is always important for construction firms to track changes to their construction agreements so that they can bill their customers appropriately. It might be even more important now, however, as many general contractors and subcontractors get back to work after extended COVID-19 shutdowns. Contractors cannot afford to leave any money on the table right […]

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California officials advance Elon Musk’s lower-cost transit tunnel plan

Jun 24, 2020 (0) comment , , ,

Brief: The San Bernardino County Transportation Authority (SBCTA) has agreed to postpone an analysis of rail system alternatives, one of which would serve the Ontario International Airport in Ontario, California, in order to evaluate an unsolicited proposal from Tesla and SpaceX founder Elon Musk’s The Boring Co. (TBC), which has suggested a transit tunnel to the […]

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9 inspiring Michael Jordan quotes that will get you fired up for any challenge

Jun 18, 2020 (0) comment , , , ,

Former NBA player Michael Jordan inspires many. Here are some of his famous motivational quotes. Jonathan Daniel/Getty Images   Michael Jordan is one of the greatest basketball players of all time, and he’s inspired generations of athletes since he retired from the NBA in 2003. In the 1990s, Jordan led the Chicago Bulls to six […]

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PPP loans now only require 60% of funds to be used for payroll

Jun 11, 2020 (0) comment , , ,

Brief: Borrowers only have to use 60% of their loan funds for payroll costs under changes the federal government made to the Paycheck Protection Program (PPP) on Friday. Previously, the program required borrowers to use 75% of the funds on payroll, a requirement borrowers said was too restrictive. For many businesses impacted by mandatory stay-at-home orders, the […]

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Construction employment sees record rebound in May

Jun 11, 2020 (0) comment , , ,

Brief: ​The construction industry added 464,000 net new jobs in May, the largest monthly increase in construction jobs since the government began tracking employment in 1939 and a drastic improvement from April, which recorded the industry’s largest month-over-month job loss. While nonresidential construction employment lost more than 570,000 jobs on net in April, a total of […]

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What new PPP loan guidance means for contractors

Jun 04, 2020 (0) comment , , , ,

It hasn’t been an easy ride for those applying for or administering Paycheck Protection Program loans since the program went into effect on April 15. A lightning-fast rollout, differing interpretations of the rules, a steady stream of updates, warnings to recipients about audits and penalties, and negative press about public companies that received money while […]

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