Things look hopeful for construction laborers working or seeking work in the United States, while employers struggle with profit margins that are lagging behind. The Engineering News-Report recently published an insightful review of today’s construction labor market. Among the many positive statistics for construction laborers were one of the lowest jobless rates in years, and […]
Posts Written By: Don Gregory
Mechanic’s Liens are a Patriotic Product of Our ‘Founding Fathers’
Don is a regular contributor to the Ohio Asphalt Magazine. For the October Issue, Don discusses the history and importance of mechanic’s liens. Read Don’s full article.
Bonds on Ohio P3s – Public-Private Partnerships
The funding of construction projects for public use through public-private partnerships (known as “P3s”) is increasing at all levels, including on federal and federally funded projects. Typically, the public entity will provide the land and authorize the private entity to design, build and frequently operate the resulting public work. In trying to maximize the incentives […]
Failure to Scrutinize Employee Background Can Prove Costly
With the proliferation of social media outlets and job search engines, including LinkedIn, Twitter, Monster.com, glassdoor and even Facebook, it is as easy as ever to get your resume in front of prospective employers. These websites are expertly designed to highlight credentials, strengths, connections and interests before a broad audience. Employers also benefit from these […]
Time for Change: Why the practice of retainage is in need of significant reform.
Why Does Retainage Exist? As subcontractors know all too well, retainage is an owner’s or higher-tier contractor’s practice of holding a predetermined percentage from each progress payment to the next-lower tier of subcontractors, and releasing the retained amounts only when a milestone such as “substantial completion” is reached. This practice has a dramatic effect on […]