Not a New Idea, but A New Trend – Employee Stock Ownership Plans
- Documentation
- February 27, 2024
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Not a New Idea, but A New Trend – Employee Stock Ownership Plans0
- Documentation
- February 27, 2024
Creating and implementing a formal transition plan helps to ensure the selling party’s goals and objectives are properly documented and addressed. Without a formal plan, the chances for a successful transition could be greatly reduced. But as important as it is to design a meticulous plan, it’s also important to choose which kind of sale to pursue. A new trend that is being evaluated as part of an exit strategy is an Employee Stock Ownership Plan, commonly known as an ESOP.
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Understanding Nuclear Verdicts is the First Step in Preparing for—and Preventing—Them0
- Construction in the Courts, Documentation, Outlook & Trends
- February 27, 2024
The rise in nuclear verdicts, and how to understand them. Nuclear verdicts, a relatively recent trend in litigation, refer to legal judgments that bestow significant sums of money upon plaintiffs. The term “nuclear” indicates the potentially devastating financial impacts on businesses and the insurance industry. To be classified as a nuclear verdict, a payout must exceed $10 million, with some reaching astronomical figures in the billions. The exorbitant nature of these rulings is the subject of debate regarding the proportionality of compensation in relation to the damages suffered.
READ MOREAlways Something Awesome – Subcontractor Legal Defense (SLDF) Activities Ramp Up0
- Always Something Awesome, Contracts, Documentation, Legally Speaking
- June 27, 2023
On May 19th, the Texas Supreme Court ruled unanimously in favor of Pepper-Lawson Horizon International Group and against Texas Southern University. The American Subcontractors Association supported a friend-of-the-court brief on behalf of Pepper-Lawson last year, seeking an appeal on a decision that held that an entity could not be sued for prompt payment violations because
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How to Overcome Industry Challenges with Technology0
- Documentation, TECHNOLOGY
- May 22, 2023
The construction industry’s been one of the hardest pressed in recent years. From a lack of skilled labor to supply chain hiccups, construction leaders face some daunting challenges. As we look forward into 2023, we invited Allen Overturf, the CFO of Welsh Construction, and Jim Campbell, AvidXchange’s business line executive, construction, to discuss the state
READ MOREContract Review Blindspots for Construction Subcontractors0
- Best Practices, Contracts, Documentation
- October 25, 2022
By Patrick Hogan, handle.com Contracts can significantly impact construction projects’ profitability, and complacency can lead to wasted resources–even revenue loss. Many fail to be conscientious about reviewing contracts for various reasons–they may have been working with the same client for several projects now, or they’ve never had issues with their templated contracts, so they don’t
READ MOREContract Provisions That Will Affect Your Insurance Program and What to Do About Them!0
- Best Practices, Contracts, Documentation, Insurance
- October 24, 2022
By Gary R. Semmer, AssuredPartners Construction Contracts are becoming more complex regardless of which ones you’re entering into and the Insurance Requirements often include addendums or exhibits that need to be reviewed to comply with your Insurance Program. The following are some of the more common Contract provisions that come up today in our Client’s
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About FASA
To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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A Reflection on 2024, and How EHS Will Evolve in 2025
- Outlook & Trends, Safety
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