Construction Employment Resumes Growth in October

By -
By Anirban Basu
“After a five-month losing streak, nonresidential employment bounced back in September,” says ABC Chief Economist Anirban Basu. “Every major segment of nonresidential construction exhibited job growth, including nonresidential specialty trade contractors, which accounted for roughly one-third of jobs added by the sector.” Read Full Article

Comments

Post a Comment

Popular posts from this blog

The VA’s billion dollar boondoggle

By -
Image
A long-planned Veterans Affairs hospital being built in Denver, already hundreds of millions of dollars over its $604 million budget, has turned into a billion-dollar boondoggle for the agency. The contractor, Kiewit-Turner, blames the VA for ignoring agreements to submit plans that can be built within budget and has asked a federal board overseeing civilian contract disputes to let the company walk away from the job. Problems with the building emerged in January, when letters between the builder and the VA revealed the project to be running some $200 million over budget, with Kiewit-Turner blaming a pricey design that was only partially completed by the time it entered into the contract. The two sides subsequently agreed — via a handwritten agreement — to build the hospital within the original budget, with the VA in charge of submitting a new, pared-down design reflecting a number of cost-saving measures. But in a July 8 complaint to the Civilian Board of Contract Appeals, ...
Read more
By -
Image
                 HAPPY EIGHT TRACK TAPE DAY!!   When : Always April 11th   Eight Track Tape Day brings back fond memories of the sixties and seventies. During this era, eight track tapes ruled the music world. America's love of the automobile, was a driving force in creating the demand for musical cassette formats. For those who grew up in this era, an eight track tape player in your home and your car was an essential. It was eventually replaced by cassette and other formats for storing music. Eight Track Tape Day is a day to bring back fond memories of the sixties and seventies. If you still have tapes and a player, by all means enjoy the day listening to some great music. If not, just spend a few minutes looking back in time to when you loved your eight track tapes!   Did you know? Eight track tapes were created by the jet maker William Lear. Anybody have a matchbook?
Read more

Fringe Benefits in the Prevailing Wage World

By -
The purpose of this article is to increase the awareness of the requirements related to federally funded Davis Bacon construction projects. Established in 1974, Interstate Mechanical Corp. is a mechanical contractor located in Phoenix, Arizona that specializes in HVAC within commercial construction. In the past year, we were contracted to perform specialty welding on large piping at a power plant located west of Phoenix. This project was federally financed and therefore required us to pay the prevailing wage and fringe benefits to all laborers and mechanics as specified under the Davis Bacon Act. The Department of Labor, Wage & Hour Division (DOL) is a federal agency that enforces compliance with all provisions of the Davis Bacon Act. The DOL notified us that we were the subject of an investigation aimed to review compliance on this specific project. We were required to provide various records and allow for our current and former employees to be interviewed by federal invest...
Read more