What Contractors Can Do About Inflation Effects of the $1 Trillion Infrastructure Law
Inflation and supply chain disruptions will impact the new infrastructure law as the continued increases of fuel and material costs, as well as wages, will raise the overall cost of construction and likely affect the type and quantity of projects to be completed. As a...
What the Infrastructure Law and Build Back Better Bill Will Mean for the Construction Industry
It has certainly been an interesting year for the United States in so many ways. Washington, D.C. has pushed more money into our economy than we could have imagined. The various stimulus packages as part of COVID-19 relief, combined with pent up demand for all sorts...
Opportunities Abound Now That Infrastructure Bill Becomes Law
On November 5, the House of Representatives voted and passed the long awaited bipartisan $1.2 trillion public works bill and 10 days later, on November 15, President Biden signed it into law. Massive infusions of spending on roads, bridges, public transit systems,...
Compliance Concerns: The Price for Entry to Bid on Infrastructure Act Projects
On August 10, 2021 the United States Senate voted to approve a $1 trillion infrastructure bill to rebuild the nation’s roads, bridges, public transit systems, airports, power and water systems, and other projects. Assuming passage by the House is forthcoming, the bill...
Public Contractors’ Biggest Threat: Annualization! – How to Calculate Annualization and Make it Work for You!
If you are a Public Works contractor and offer a bona fide prevailing wage plan, you are likely familiar with the concept of annualization. The U.S. Department of Labor prevailing wage resource book refers to annualization as: “The computational method that is used to calculate the hourly rate of benefit plan contributions that are creditable to a contractor’s prevailing wage fringe benefit obligation on covered projects.”