Small Business Administration (SBA) and Treasury issued guidance late Wednesday night for the reconstituted Paycheck Protection Program (PPP)
Non-local workers also incur additional housing and travel costs, and issues such as time for crews to visit their families are a consideration.
NASBP works closely with surety companies, construction industry partners, and other key organizations to advance the use and understanding of surety bonding. NASBP also pursues partnering agreements with key groups, such as construction industry associations. These strategic partnerships enhance and expedite communications between the organizations on a variety of important issues, including the state of the surety market, the importance of bonding requirements to preserve payment protections, and effective risk management practices. NASBP's Industry Relations initiatives stem from its Industry Relations Committee. If you have an interest in joining the Industry Relations Committee, please contact Kathy Hoffman , Director of Communications
Mitchell of Fox Rothschild LLP Published March 31, 2020 The Small Business Administration (SBA) has released its guidance with respect to the Paycheck Protection Program (PPP) contained in The CARES Act, which authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. The newly issued guidance confirms that: Loan terms will be the same for all borrowers
By Jodie Clark McDougal of Davis Brown Law Firm Published March 16, 2021 With high rates of fatal and non-fatal injuries, the construction industry is one of the most hazardous, but many do not realize that the safety and health concerns go beyond job site accidents. People in the construction industry are particularly susceptible to mental health issues and suicide, and the COVID-19 pandemic has increased the rates of mental health issues across the industry and country as a whole. As reported by the NAHB , more construction workers die by suicide each day than all workplace-related fatalities combined, and per a CDC report , the construction and extraction occupational group has had the highest male suicide rate out of all major occupation groups multiple times within the last 10 years. Mental health issues, as well as associated behavior problems including alcoholism, have a direct impact not only on the employees suffering from those issues, but also on their employers by leading to increased absenteeism, high turnover, lost productivity, and workplace injuries
Published Jun 16, 2022 The Department of Defense (“DoD”) recently issued a memorandum to contracting officers (“COs”) providing guidance on the use of economic price adjustment (“EPA”) clauses to address inflation-related cost increases
Dixon of Snell & Wilmer LLP Originally published in the November 2023 edition of Snell & Wilmer Under Construction We began the year discussing an insurance checkup for those working in the construction industry. Now, we are following up with a discussion of issues for a contract checkup, specifically for your ongoing long-term projects
“This year will end at a very strong level for the overall industry.” The construction industry encompasses approximately $1.7 trillion in value, representing around eight percent of the GDP