• Not a New Idea, but A New Trend – Employee Stock Ownership Plans

    Not a New Idea, but A New Trend – Employee Stock Ownership Plans0

    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—Them

    Understanding Nuclear Verdicts is the First Step in Preparing for—and Preventing—Them0

    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.

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  • Facing Serious Labor Shortages, Construction Needs a New Approach

    Facing Serious Labor Shortages, Construction Needs a New Approach0

    By Jim, Hall, Tenstreet The construction sector is currently confronting a pivotal set of issues. As projections indicate an upsurge in construction spending, the industry grapples with multifaceted hiring challenges, including a widening skills gap, an aging workforce, and heightened turnover rates. Research from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover

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  • 2024 Forecast: Top 10 Takeaways

    2024 Forecast: Top 10 Takeaways0

    Highlights from the latest construction forecasts show that U.S. economic recovery slowly continues, shadowed by inflation and labor challenges, and geopolitical risk  By: Tara Lukasik, Glass Magazine Editor’s Note: The following is based on forecast presentations from the 2024 Annual Outlook Forecast Conference from Dodge Construction Network, and The Construction Economy Outlook semiannual webcast by ConstructConnect.

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  • Handling Responsibility For A.I. In Construction

    Handling Responsibility For A.I. In Construction0

    By Brian C. Padove and John E. Sebastian, Watt Tieder Hoffar & Fitzgerald, LLP The construction industry has an unfortunate notorious reputation of being resistant to adopting new technological changes while other industries (finance, healthcare, etc.) rapidly embrace digital transformations. While dealing with this reputation, the construction industry, likewise, has been dealing with a decades-long,

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  • Striking The Balance Between AI And The Human Touch

    Striking The Balance Between AI And The Human Touch0

    By Claire Wilson, Siteline Today, artificial intelligence (AI) technologies are everywhere, impacting various industries and transforming how we live and work. While the construction industry has been slower to adopt AI than other sectors, it’s still making progress toward leveraging the benefits of this transformative technology. But to unlock AI’s full potential, our industry must

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