August 2025 Archives - Page 2 of 2

When Contracts Work Against You: Red Flags and Fixes for Faster Payment 0

By Claire Wilson, Siteline Contracts and agreements are a necessary part of life, whether you’re renting a car, starting a new job, or buying a home. According to Adobe Acrobat’s contracts survey, however, the vast majority of consumers (nearly 70%) admitted to signing contracts without reading them in full, if at all. This may be

Risk Transfer Clauses: Subcontractor Beware 0

ByTodd R. Regan, Gordon Rees Scully Mansukhani, LLP From a general contractor’s perspective, the use of so-called risk transfer clauses in subcontracts serves to allocate the risks passed down from the project owner amongst the various project participants. Contractors will point out that these clauses assign the risks and responsibilities to the parties who are

Dates & Figs – August 2025 0

Total Construction Construction spending during June 2025 was estimated at a seasonally adjusted annual rate of $2,136.2 billion, 0.4 percent (±0.8 percent)* below the revised May estimate of $2,143.9 billion. The June figure is 2.9 percent (±1.5 percent) below the June 2024 estimate of $2,199.8 billion. During the first six months of this year, construction

U.S. Construction Industry Report: An inside look at how companies are adapting to the current market 0
- Forcasting, Outlook & Trends
- August 28, 2025
The U.S. construction industry experienced a surge in 2022 and 2023 due to federal funding and pent-up demand, but the market began softening in 2024 and continues into 2025. Key challenges include rising costs from interest rates, inflation, and tariffs, which disproportionately affect smaller firms. Supply chain disruptions, though eased, still necessitate a “just-in-case” approach
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Contractor Community – August 2025 0
- Contractor Community
- August 28, 2025
Welcome Propel People as ASA Silver Sponsor! One of the biggest challenges facing our industry today is the skilled labor shortage. Propel People is a mobile-first, AI-powered hiring platform built to help trade contractors hire skilled tradespeople faster. If you’re looking to add skilled talent to your team, Propel can save you valuable time and
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Eliminate or Reduce Financial Impact of Retainage 0
- Legally Speaking
- August 28, 2025
By Lee Brumitt, Esq., Dysart Taylor McMonigle Brumitt & Wilcox, P.C. In the 1840’s, the United Kingdom was constructing a massive railway system. The huge work demand brought unqualified and insolvent contractors to the fray. Defective and incomplete work was commonplace. To combat the losses and assure that work was completed, the government withheld 20%
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