Related Links: Contractor-Controlled Wrap-Up Insurance Plans Gain Popularity The construction recession is killing off numerous smaller companies and surety losses are growing, said insurers at the International Risk Management Institute's construction conference in San Diego. But bigger, better-managed companies continue to win jobs and the surety losses overall will be manageable.At the same time, say risk managers, brokers and insurers at the conference, the never-ending legal wrangling over scope of coverage has led lawmakers in four states to attempt to assure that construction defects are covered under contractor liability insurance. As a result, a few insurers reportedly are steering clear
Galvanized by the Federal Aviation Administration's two-week shutdown this summer—and the 22nd consecutive short-term funding extension—airport advocates are stepping up a campaign calling for both the government and airlines to agree to an increase in airport user fees and a decrease in federal regulations.“Our airports are being held back due to a Nixon-era framework of government regulations,” said Greg Principato, president of Airports Council International-North America (ACI-NA), in remarks at the association's annual convention in San Diego on Oct. 17. Criticizing airlines for agreeing with the regulations in order to stifle competition, he added, “Let’s tell them to get out
PHOTO COURTESY OF FIRST SOLAR / John Morris SEED MONEY Despite controversy over the Solyndra venture, DOE is determine to press forward with loan guarantees for solar-energy start-ups. Despite questions about the Dept. of Energy's loan guarantee program raised by the bankruptcy of solar manufacturer Solyndra, DOE closed all but seven of its 35 conditional loan guarantees before the end of the government's fiscal year and the Sept. 30 end of the stimulus-backed program.With just hours to go, DOE closed four outstanding loan guarantees totaling $4.76 billion: $1.2 billion for SunPower to build a 250-MW photovoltaic solar farm; a $1.4-billion
The launch of a new career mentoring program for public-works professionals was the headline event at the annual American Public Works Association convention, which was held in Denver on Sept. 18-21 and attended by more than 6,000 APWA members.The association has created the Donald C. Stone Center, named for the federal planner who founded APWA in 1937. It supports career education and organizes the association’s 96 newly inaugurated Fellows to mentor industry professionals.“We inducted our first-ever group of industry Fellows at the convention, and they will be linked as mentors for a full year to people entering the careers program,”
A federal district court has dismissed a class action lawsuit filed by Henry Gifford, owner of New York-based Gifford Fuel Savings Inc., and others who claimed that the U.S. Green Building Council made false claims to consumers.In an Aug. 17 ruling, the U.S. District Court for the Southern District of New York said that Gifford and the other plaintiffs lacked the legal standing to sue because they do not compete with the USGBC. As a result, the court did not address the broader question of the credibility of the organization's claims about the energy efficiency of buildings it certifies under
Over the past fifty years, construction management has evolved from its role as the owner's liaison with prime contractors to its new role of coordinating the technical and functional dynamics of complex building programs within any one of an “ever-hybridizing” array of delivery methods. So it is no surprise that a “one size fits all” approach to CM has gone the way of steam shovels.“Today, one size fits one,” says Blake V. Peck, president and chief operating officer of Fairfax, Va.-based construction management firm McDonough Bolyard Peck Inc. (MBP). “Every owner, every project is different, and the construction manager has
Early next year, the American Institute of Architects plans to launch a cloud-based service that will enable users of its contracts and documents to search, edit, share and store the forms easily. AIA unveiled its Next Generation Service during its convention on May 12-14 in New Orleans. The program will be compatible with both Apple and PC formats and have security features similar to online banking, says Maan Hashem, AIA managing director for software products and services. All the institute’s 100-plus contracts will be made available.
London-based engineering and project management firm AMEC said May 17 that it has agreed to buy MACTEC, the Atlanta area engineer and environmental services firm. for $280 million in cash. The proposed deal elevates MACTEC, now 85% owned by a private equity firm, into the global services market, while boosting AMEC’s presence in the U.S.Under the deal, set to close by the end of June, MACTEC and its 2,600 U.S. employees in 70 offices will become part of AMEC’s Earth & Environmental (E&E) unit, which specializes in environmental, remediation, water resources and infrastructure markets, among others.That unit, now based in
The Internal Revenue Service has given design and construction firms a one-year reprieve from a contract-payment withholding requirement that industry contends would deal them a financial blow. The mandate stems from a provision of a 2006 statute that requires federal, state and local governments to withhold an amount equal to 3% of their payments to anyone providing them with goods or services. The mandate applies to agencies whose total annual spending on goods and services is $100 million or more. Individual payments of less than $10,000 would be exempt from the withholding requirement. The mandate originally was to take effect