ConsensusDocs recently presented a webinar entitled 鈥淢anaging Subcontractor Default, Bankruptcy, and Owner Insolvency in a Recovering Post Covid-19 Construction Economy.鈥 The webinar, moderated by Phil Beck, a partner in the law firm Smith, Currie, and Hancock LLP, highlighted several steps that construction professionals can proactively take to protect themselves and their projects鈥 success.
Staying abreast of the latest developments and trends in construction law is one of the best ways to mitigate your construction company鈥檚 risk. Knowledge at your fingertips is power. ConsensusDocs publishes a monthly construction law newsletter that is one of the best resources to stay on top of your game. Sign up for free here.
As previously reported by 蜜桔直播, the Infrastructure Investment and Jobs Act (IIJA) includes new Buy America requirements, that could delay infrastructure projects funded by the law. The IIJA provides funding for physical infrastructure like roads, water systems, the electric grid, and more. The new and expanded Buy America requirements apply to all federally funded programs and include manufactured products, like iron and steel, and also construction materials used on projects within those programs.
Accepts Many 蜜桔直播 Recommendations
On January 24, 蜜桔直播, along with other transportation stakeholders, called on congressional leaders to enact a full-year fiscal year 2022 federal government funding bill that will finance all new and increased programs infrastructure investment accounts from the recently enacted Infrastructure Investment and Jobs Act. In December, Congress passed a continuing resolution to fund the federal government through February 18. That extension of existing funding did not include appropriation of funds for many new programs in the November passed infrastructure bill.
Victory for Construction Advocacy Fund-Financed 蜜桔直播 Lawsuit
蜜桔直播 releases full report from its first-ever workforce summit which includes a lengthy catalog of steps firms, educators and 蜜桔直播 of America chapters are taking to address workforce shortages. It also includes 22 new recommendations summit participants crafted, to help overcome the recruiting, training and retention challenges behind construction workforce shortages. To learn more about the report and the 22 new recommendations, please register for the February 15 webinar on this topic. Click here to register for that event now.
On January 19, 蜜桔直播, along with the American Road and Transportation Builders Association (ARTBA) and Signatory Wall and Ceiling Contractors Alliance (SWACCA), submitted comprehensive comments to OSHA reiterating the construction industry鈥檚 success in protecting workers throughout the pandemic, while also reminding the agency of the low-risk nature of construction work. The joint comments further detailed how the ETS will exacerbate the workforce shortage for covered contractors, significantly increase construction project costs, and potentially result in delays that will undermine the nation鈥檚 economic recovery.