February 2024

  • Always Something Awesome – What’s Behind the Paint?

    Always Something Awesome – What’s Behind the Paint?0

    By Mary Klett, ASA Communications Team How many people have looked at the capitol dome in D.C., looking up 180 feet to “The Apotheosis of Washington”, and thought, “Wow, I wonder if that dome ever leaks when it rains?” Thanks to Adrienne Smoot-Edwards, and her team at Regeneracy, they probably never will. Nor will they

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  • ASA is Looking for Volunteers for the Contractors Compass Editorial Board

    ASA is Looking for Volunteers for the Contractors Compass Editorial Board0

    The Contractor’s Compass is ASA’s popular monthly journal that is delivered to nearly 13,000 subscribers. Officially published by FASA, the Foundation of the American Subcontractor’s Association, Compass has been part of the ASA family for seven years and is one of the most read publications dedicated to construction subcontractors. Featuring a mix of strategic and

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  • Data & Figures – February 2024

    Data & Figures – February 20240

    Monthly New Residential Construction, January 2024 Source: U.S. Census Bureau, HUD, February 16, 2024 Building Permits Privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,470,000. This is 1.5 percent below the revised December rate of 1,493,000, but is 8.6 percent above the January 2023 rate of

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  • 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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  • President’s Letter – February 2024

    President’s Letter – February 20240

    Dear Readers – As I write this, there are just a couple more weeks until SUBExcel. The excitement is building, and I’m really looking forward to enjoying the sights and sounds of New Orleans for a few days…not to mention seeing many of you. If we haven’t met, please come up, introduce yourself, and let

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