Shortly before Congress adopted a measure to help curtail individual surety fraud, an appellate court decision seemed to make it more difficult for contractors who use individual surety bonds on public project bids to compete.
Lifting technology and industry standards have advanced significantly since the mid- 1990s, when the Specialized Carriers & Rigging Association put out the Exxon Crane Guide.
Amendments to the defense authorization approved by Congress tighten the rules governing surety assets in a way that should curtail individual surety fraud.
Under steady conditions, global construction output is set to grow, on average, by nearly 4% annually for the next 15 years—reaching, in constant 2014 dollars, $17.5 trillion by 2030, says an expansive 15-year forecast by two U.K.-based consultants..
As the run-up to the 2016 presidential campaign intensifies, construction groups and unions are beginning to devote time and energy to identifying candidates whom they can support.
The energy sector gave construction starts a furious burst this year, but as that fades, the recovery will maintain its modest pace, with economists calling for further growth in 2016
After a tentative start, the construction recovery hit full stride this year, and it is expected to keep pace in 2016, according to economists surveyed by ENR.