With COVID-19 likely to influence the business environment for the foreseeable future, contractors can look to lessons from the great recession for guidance
Possibly thousands of energy and power projects affected as Apr. 15 ruling forces Nationwide Permit-12 water-access halt and overhaul; U.S. to seek higher court review.
Turner Construction Co. and the architect for the first KidZania children’s amusement center in the U.S., which opened in Frisco, Texas, in November, claim in liens filed early this year that the company owes them more than $8 million.
Small businesses,including many in construction and engineering, have quickly lined up to apply for a second round of Paycheck Protection Program loans after Congress approved $310 billion to restart the popular program.
With COVID-19 economic slowdowns, and the resulting drop in demand for oil, gas and electricity, the outlook for traditional energy sector growth and capital investment is dim, if not outright grim.
Project delays and cancellations rose, said the mid-April analysis of 416 industry employees, but more employers plan to rehire those cut or recruit, and have adjusted to new business approaches.
Pennsylvania Gov. Tom Wolf (D) released safety guidelines on April 23 for construction crews to follow when they are allowed to return to work on May 1.