Jointly sponsored by ԹϺ and CFMA, the 13th Annual ԹϺ/CFMA Conference was developed in response to a need for programs and workshops designed specifically for financial professionals in the construction industry.The two-day conference is filled with more than 30 interactive sessions, covering the latest industry issues and their financial implications. Get the latest information on:Strategies for Economic DownturnsConstruction Tax UpdateOwnership Transfer TechniquesInvesting in Today's Volatile MarketsRisk ManagementLearn more here!
Section 1512 of the Recovery Act requires information about the project and the jobs it creates, and salary disclosure for certain federal contractors to be reported to the central federal Web site, www.federalreporting.gov.At 12:01 A.M. on August 17, 2009, that website was scheduled to go live and recipients of Recovery funds will be able to register as the first step in the reporting process mandated by the Recovery Act. To register, recipients must already have a DUNS number and CCR number.Registration will continue through September 30, 2009, with reporting officially beginning on October 1, 2009 through October 10, 2009. For more information on the reporting requirements contained in the Recovery Act, click here (for federal contractors), here (for federally-assisted work), and here (for more information about the reporting process). For OMB's guidance and forms associated with reporting, see recipient reporting information.For more information, contact Marco Giamberardino at (703) 837-5325 or giamberm@agc.org.
ԹϺ has identified 61 separate programs funded by the American Recovery and Reinvestment Act of 2009 and broken down various building sector-related opportunities, totaling $26.9 billion, here. ԹϺ's chief economist Ken Simonson contributes to an in-depth discussion of the breakdown of building-related stimulus funding here. Examples of stimulus funding being distributed in the building sector include: General Services Administration has now awarded $1 billion of its $5.5-billion total allotment from the American Recovery and Reinvestment Act of 2009. Read the full ENR article here.The Baltimore Sun reports that the Baltimore Development Corporation has solicited proposals for projects including office buildings, business parks and hotels for the city's more than $30 million in stimulus money.In Tulsa, Okla., the Associated Press reports that education-designated stimulus funds combined with a public private partnership will be responsible for the construction of three early childhood centers.The Capitol Times reports that Wisconsin has received $170.7 million in bonding authority from the ARRA-funded Qualified School Construction Program "for new construction, rehabilitation or repair of school facilities as well as acquiring new land or equipment."The National Institute of Building Sciences' National Clearinghouse for Educational Facilities has broken down the programs involved with school funding here and posts information related to ARRA-related school facility modernization here as it becomes available.
On July 15, Deutsche Bank's CMBS Research team published a follow-up to their previous report "The Future Refinancing Crisis in Commercial Real Estate," originally published April 23, 2009. The analysis explores the magnitude of potential refinancing problems faced by the commercial real estate debt markets over the coming decade. Read the full report here.
ԹϺ recently released the results of a survey that measured the impact of stimulus funds on construction companies' ability to expand payrolls. The survey found that stimulus construction funds have had little impact to date on companies' ability to hire new employees, but have helped companies save existing jobs.On August 3, ԹϺ CEO Steve Sandherr appeared on Fox Business to discuss the results of the stimulus survey. Watch the video here. Sandherr has also contacted 27 federal agency heads concerning the pace that Recovery Act dollars are flowing through the agencies and into contracts available for bid.Read ԹϺ's press release here and the survey results here. You can also view ԹϺ's analysis and listen to the conference call during which the results were announced. The survey results news has been widely covered by outlets such as Reuters, Commercial Building Products Magazine, Christian Science Monitor and The Washington Post. More than one million construction workers lost their jobs over the last twelve months, according to employment numbers released August 7 by the Bureau of Labor Statistics. Currently, 18.2 percent of construction workers are unemployed, nearly double the 9.7 percent overall unemployment rate, or 9.4 percent seasonally adjusted. Sandherr stressed that the economic stimulus has helped prevent greater job losses, but that it is apparent that the construction industry is suffering from a low demand for commercial facilities, dwindling orders for new office buildings, declining state and local revenue and the current economic conditions as a whole, including tight credit markets.Construction employment declined in all but 19 communities nationwide this June as compared to June-2008, according to an analysis of metropolitan-area employment data released in late July by ԹϺ. The analysis, which ranks the 12-month construction employment change reported by the Bureau of Labor Statistics for 352 metro areas, shows that few places in America have been spared the widespread downturn in construction employment over the past year. Read ԹϺ's press release here and view the city-by-city data here. Sandherr has noted that the job figures clearly point towards the need for continued investment in the construction industry. Various news outlets have picked up ԹϺ's analysis, including the Wall Street Journal, Reuters, Atlanta Business Chronicle and Denver Business Journal.A recording of the July 23 Market Insights Series webinar, which offered the most up-to-date information on current and forecasted construction activity, is available here. Presented by ԹϺ of America, Reed Construction Data and the American Institute of Architects (AIA), the webinar attracted more than 5,000 registrants and focused on the key factors affecting the recovery of the construction industry. The free webcast was sponsored by GPDens.com and delivered by ԹϺ's chief economist Ken Simonson, Jim Haughey of Reed Construction Data and Kermit Baker of AIA.For the most current construction industry economic analysis, subscribe to Ken Simonson's weekly newsletter, Data DIGest. Visit www.agc.org/stimulus for the latest information on the policy changes, new rules and regulations associated with the stimulus, programs receiving funding, tax incentives and the impact of job creation as a direct result of stimulus project awards.
The U.S. Department of Labor's Wage and Hour Division (WHD) has announced the location of five additional prevailing wage conferences, following its inaugural conference, which drew more than 400 participants to Washington, D.C. Each conference will be offered free of charge to employers.Two of the five conferences will be held in August 2009. Chicago, Ill., will host the conference August 18-20, and Orlando, Fla., will host the conference August 25-27, 2009. The remaining three conferences will be held in September in San Antonio, Texas, Long Beach, Calif., and Boston, Mass., respectively. Each two-and-a-half day seminar will address prevailing wage issues as they relate to the American Recovery and Reinvestment Act of 2009 (ARRA), and will cover such topics as:The Davis-Bacon Act and McNamara O'Hara Service Contract Act;The process of obtaining wage determinations and adding classifications;Compliance assistance and enforcement processes;The process of appealing wage rates, coverage, and compliance determinations; andContractor and agency requirements under Executive Order 11246, Section 503 of the Rehabilitation Act of 1973, and the Vietnam Era Veterans' Readjustment Assistance Act of 1974.To register, participants should email all contact information along with their ԹϺ affiliation to whdarra@dol.gov. Additional WHD information related to ARRA can be found on the WHD Web site. Other resources, such as ԹϺ's Davis-Bacon Manual on Labor Standards for Federal and Federally Assisted Construction, can be found on ԹϺ's Labor and HR Topical Resources Web page.
ConsensusDOCS is pleased to provide a free audio conference download from one of its highly successful webinars entitled, "Why ConsensusDOCS is the New Choice for Owners." You can download this free 90-minute audio conference by visiting http://www.ConsensusDOCS.org/news_archive.html.You can also access a free podcast regarding the NEW ConsensusDOCS 752 - Subcontract for Federal Government Construction Projects. The 752 is the first and only standard contract to address the terms and conditions needed for subcontractors and contractors to comply with Federal Acquisition Regulations. Please visit http://www.ConsensusDOCS.org/podcasts/news_podcasts.html to download this free 5-minute podcast.ConsensusDOCS are the only standard contract documents endorsed by 22 leading construction industry associations. For more information on ConsensusDOCS, please visit www.agc.org/Contracts.
On June 26, 2009, the U.S. Citizenship and Immigration Services (USCIS), a division of the Department of Homeland Security, announced that the current Form I-9 will continue to be valid for use beyond its expiration date of June 30, 2009.Although the current form has the expiration date printed in its upper, left-hand corner, USCIS is in the process of seeking approval for continued use of the form. Until then, employers may continue to use the expired form in its current format. After approval and once a new form has been created with a new expiration date, employers will have the option to use either form, as long as it displays the revision date of February 2, 2009, which is printed in the bottom, right-hand corner of the form.As of April 3, 2009, all U.S. employers must use the February-revised Form I-9 to verify the employment eligibility of newly hired employees and employees with expiring employment authorizations. This mandate was originally scheduled for implementation on February 2, 2009, but was delayed in response to a request from the new Administration to allow time for further review.Additional information and a copy of the Form I-9 can be found on the USCIS website.
Many negotiators fail to realize that successful negotiating is a talent - a talent that can be improved by learning the right skills. Negotiating doesn't mean tricks and intimidation. The ability to successfully negotiate is a skill that can be learned. In this two-day course, participants will gain valuable working knowledge of negotiating and listening and how it will benefit their relationships, both personally and professionally. Click here to learn more!
The Associated General Contractors of America (ԹϺ) today published a Request for Proposals (RFP) to conduct research and create a course plan for a comprehensive Lean construction curriculum for the commercial construction community.Lean construction, an adaptation of lean manufacturing principles and practices from the beginning to end of the design and construction process, is a culture and a process focused on creating the greatest amount of value for a construction project through a reduction in waste of materials, time and effort. ԹϺ seeks to address challenges the construction industry faces in the adoption of Lean construction processes, and provide a commonly accessible and sustained educational effort. For this project research of literature, interviews of industry stakeholders, a plan for a compressive curriculum, assessment of learning outcomes, and development of a credentialing plan and strategy for instructor training is requested of those submitting proposals.Proposals are due September 15, 2009 by 5:00 PM EST. The ԹϺ Lean Construction Advisory Group, consisting of members and chapter staff, will evaluate all submissions and select a proposal to be awarded on October 5, 2009.Inquiries concerning the RFP should be directed via email including name, phone number and organization name to Amy Fields, Senior Director, Curriculum & Program Development at fieldsa@agc.org.