Washington, D.C. Fly-In
- CONSTRUCTION
- June 17, 2025
Softness in construction spending predicted for 2025 & 2026 After increasing by almost 20% in 2023 and another 6% last year, construction spending for nonresidential buildings—commercial, industrial, and institutional facilities—is projected to slow dramatically this year and next. Panelists participating in The American Institute of Architects’ Consensus Construction Forecast are expecting gains of only 2.2%
READ MOREASA Supports Immigration Reform Including Expansion of the H2B Program and More… Three-fourths of the construction industry consists of subcontractors, and ASA members will need 723,00 workers annually to meet demand. Factors driving this include natural disaster recovery, increased data center needs, likely raising labor costs. In the past year, average hourly earnings have increased
READ MOREBy Jack Biltis, eBacon The construction industry is notorious for its intricate financial landscape. From fluctuating project timelines and unpredictable material costs to the complexities of tax regulations, navigating the financial waters can feel like a constant battle. However, amidst the challenges lies a powerful resource: the Internal Revenue Service (IRS) Publications. These comprehensive guides
READ MOREBy Travis Klein, Ellin & Tucker THE TAX CUTS and Jobs Act (TCJA) of 2017 marked a significant shift in U.S. tax policy, introducing a range of changes aimed at stimulating economic growth and corporate investment. The landmark legislation included a whole host of provisions and significant changes to existing tax policies, including a corporate
READ MOREBy Travis Mayor, Billd Subcontractors have a host of working capital options to choose from: lines of credit, cash, credit cards, construction-specific financing, supplier terms, and more. As they cover all the capital needs of the business, subs have to be strategic and intentional, deciding which source of capital makes the most sense for each
READ MORECommunity Notes Feature Now Rolling Out on Threads For those on Threads, and who want to grow their influence, Meta has activated the Community Notes feature on Threads. To add a note, tap the three dots on any post and select “Write Community Note.” Notes remain anonymous and appear on posts if they’re rated helpful
READ MOREBy Gary Semmer, AssuredPartners In the construction industry, contracts define relationships, responsibilities, and expectations among contractors, subcontractors, and owners. One of the most important yet often misunderstood elements in these contracts is the Additional Insured (AI) Endorsement, which provides extended insurance coverage and is important in managing risk for all parties involved in a construction
READ MOREMore people are lining up for apprenticeships than there are employers to provide them By Jon Marcus, Hechinger Report Joey Cook was 17 and a junior in high school when he heard about a way to learn a profession while getting paid: by landing an apprenticeship, a path into the workforce that everyone was suddenly
READ MOREBy Karalynn Cromeens, Cromeens Law Firm PLLC For subcontractors, managing cash flow is one of the most pressing challenges in the construction industry. The unpredictable nature of payments, coupled with disputes and delays, can often create financial strain that impacts not only ongoing projects but also the very foundation of a business. However, there is
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