Posts Tagged 'Public'

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Moderate Gains in Construction Spending Expected Through 2017

As the industry enters a more mature phase of its expansion, the 2017 Dodge Construction Outlook forecasts total U.S. construction starts will advance 5 percent to $713 billion, following gains of 11 percent in 2015 and an estimated 1 percent in2016.

Bipartisan Federal Legislation Is a Potential Boon for P3s

For construction companies active in the public-private partnership (P3) or design-build arena, the bipartisan Public Buildings Renewal Act (S. 3177/H.R. 5361) represents a fountain of new work opportunities building or rehabilitating many outdated and dilapidated government-owned facilities—such as public schools, post offices, prisons, courthouses and libraries—that need to be replaced. 

Blending the Old With the New

For those that take on the onerous and challenging work of renovating and restoring historic buildings, it is more than just a job. It’s a labor of love. At the heart of this movement is an upsurge in the desire to move near downtown areas to be close to work and home, particularly among today’s younger generation. The result is that historical buildings—brick and granite, and all the charm to match—are in high demand. This bodes well for construction companies that garner much of their revenue from preserving buildings that are a testament to the nation’s past.

Surety’s Impact on Emerging Trends in Public Construction

Given the choice of security requirements, the surety market continues to provide the product with the best combined benefit for contractors and their obligee in today’s evolving construction and surety markets. 

Surety Industry Advocates for Inclusion of Bonds on Federal and State P3s

Even though procurement methods have evolved—including the use of P3s—construction remains a risky business, making the protections that surety bonds provide for taxpayers’ investments and the payment guarantees for subcontractors and suppliers just as relevant and important in P3s. 

Finding the Source

The country has yet to highlight its aging water infrastructure as a national issue. Beyond basic water and wastewater construction needs due to regional population growth, many specific water sectors must be addressed. These include drought-stricken areas in the West, especially California, and the ever-shrinking and flood-prone Louisiana coastline.

The Need Is Obvious; The Political Will Is Not

P3s are the only conceivable financial solution to America’s infrastructure deficits.  

USACE Embarks on First P3

Construction of the 36-mile flood diversion project, which has been in the works for eight years, will be performed under a public-private partnership—the first ever in conjunction with the USACE. 

Agencies Consider Updating Regulations Governing Human Trafficking and the Audit Process

As these changes unfold during the coming months, construction companies performing government contracts should keep an eye on further guidance from the government regarding anti-human trafficking regulations and updates to current cost accounting methods. Interested parties should ensure that their internal procedures can be easily brought into compliance with the new requirements. 

D.C. Appeals Court Rejects Davis-Bacon Expansion on Private Project

Affirming a U.S. District Court ruling from 2014, the U.S. Court of Appeals for the District of Columbia issued a decision that stops an unprecedented expansion of the Davis-Bacon Act onto the CityCenterDC project on the grounds that the District of Columbia was not a party to the construction contracts and that the project is not a “public work” because it is not publicly funded or government-owned or government-operated. 

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