Construction Deemed “Essential” in New York
To help fend off the nascent coronavirus (COVID-19) epidemic, the state of New York has halted all but “essential” statewide services. Gyms, restaurants, bars and various other businesses are closing their doors to comply with…
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COVID-19 Guidance for Current NYSDOT Construction Projects
Due to the New York State Department of Transportation having received numerous requests from the construction industry asking if consultants, contractors, material and service suppliers are deemed exempt from the reduction in workforce requirements from…
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When Contractors Over or Underbill
Over or underbilling by a contractor can be a big problem for obtaining your bid and performance bonds from your surety bonding company. According to generally accepted accounting principals, contractors should report earnings based on the percentage…
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Construction Labor Shortage Risks Performance
According to the Associated Builders and Contractors, there were nearly 7 million open construction jobs in the United States as of July 2018. The biggest reason for the shortage is a lack of skilled construction…
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Incorrect Project Estimates Cause Construction Cost Overrun
It’s extremely difficult for construction projects to come in under budget. Poor project management may be one reason for the error while unforeseeable circumstances may be another. But one of the most common causes of…
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