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New deals and investment in vertical farms provide lucrative construction opportunities

Nov 04, 2021 (0) comment , , , ,

One trend that we’ve really been seeing grow lately in the construction industry is the vertical farm and urban agriculture buildings that are sometimes referred to as “farmscrapers.” Vertical farms are multi-story buildings that use hydroponic and aeroponic systems that are lightweight and energy efficient. They have been popping up in some really unexpected places […]

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5 ways to protect yourself when taking over someone else’s project

Oct 29, 2021 (0) comment , , ,

Affordable excess liability insurance coverage for small businesses and contractors.

Stepping into an existing project is a challenge. Experts suggest snapping photographs and ensuring clarity on payments before getting work started. Recently, Lendlease reportedly exited the $1 billion Oceanwide Plaza project in Los Angeles. While the future of that particular development remains in question, a new contractor will someday need to complete the work if […]

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9 construction social media influencers to watch

Oct 21, 2021 (0) comment , ,

From Instagram to YouTube to TikTok, these content creators are making waves in the building trades. Mario Tama via Getty Images By posting videos about everything from clothes and video games to trucks and even fast food, social media influencers are attracting massive followings. Even in the world of construction and skilled trades, you can […]

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The 7 biggest megaprojects that have broken ground this year

Oct 01, 2021 (0) comment , , ,

Each of these builds, ranging from office towers to arenas, cost over $1 billion. Despite a pandemic, a labor shortage and choked-up supply chains, contractors continue to work on projects with billion-dollar price tags, with builds ranging from office towers to arenas. While megaprojects continue, COVID-19-related strains on the construction industry are evident. Before the […]

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SBA to Increase Lending Limit for COVID-19 Economic Injury Disaster Loans

Sep 02, 2021 (0) comment , , , ,

  The U.S. Small Business Administration is increasing the maximum amount small businesses and non-profit organizations can borrow through its COVID-19 Economic Injury Disaster Loan (EIDL) program. In the case that you were unaware, starting the week of April 6, 2021, the SBA is raising the loan limit for the COVID-19 EIDL program from 6-months […]

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Indiana DOT, Purdue University developing wireless EV charging for highways

Aug 13, 2021 (0) comment , , , ,

Brief: The Indiana Department of Transportation is partnering with Purdue University and German infrastructure technology company Magment on a pilot project to develop the nation’s first paved highway segment that contains contactless, wireless technologies to charge electric vehicles as they drive over it. Purdue engineers are designing and testing the dynamic roadway, which incorporates Magment’s magnetizable […]

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Fraud Alert: Scammers Pose as CSLB Staff, Demand Money Over Phone

Jul 29, 2021 (0) comment , , , ,

July 28, 2021 The Contractors State License Board (CSLB) has learned of phone scams targeting CSLB licensees. In the scheme, an individual falsely identifying themselves as an employee of CSLB demands a license “activation” fee of up to $500 be paid immediately over the phone or the license will be cancelled. Please be advised that […]

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6 multifamily building failures and the changes they produced

Jul 15, 2021 (0) comment , , , ,

Past building disasters have led to enhanced codes and safety improvements for the construction of condos, hotels and other residential structures. As rescuers sift through the debris of the partial collapse of the Champlain Towers South building in Surfside, Florida, officials were hoping to find more survivors but now, they have shifted gears to finding […]

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5 strategies construction firms use to lower their taxes

Jul 08, 2021 (0) comment , , , , ,

From depreciation and carrying forward losses to research and development credits, public contractors rely on an array of tactics to help minimize tax bills.   A recent construction industry analysis revealed that public construction firms’ effective federal tax rates are among the lowest of any sector. The 19 largest profitable firms in the industry paid […]

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7 parallels between sport and entrepreneurship

Jun 24, 2021 (0) comment , , ,

Analogies between sports and business abound. Are people who excel at sports better at business? Sometimes they are. And it’s no coincidence. After all sports can develop habits that help business leaders succeed. Here are 7 striking parallels between sport and entrepreneurship.   Tolerance for fear and uncertainty – Starting a business, asking for funding for […]

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