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May / June 2019 Issue (Volume 52, Number 3)

Business Facilities

The May / June 2019 Issue looks at locations that are making foreign direct investment an economic development priority. Read: May / June 2019 Issue (Volume 52, Number 3) at BusinessFacilities.com. Plus, our editor's picks for tech hubs, and an exclusive interview with Louisiana Gov. John Bel Edwards.

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FERC Decision Puts State Renewable Portfolio Standards At Risk

Green Building Law Update

In a decision that critics have called “unprecedented” the Federal Energy Regulatory Commission on December 19, 2019 issued an Order Establishing Just And Reasonable Rate “to protect the competitive capacity market administered by PJM Interconnection, L.L.C.” state renewable portfolio standards) the loser.

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Dodge Momentum Index Increases in July

Construction Superintendent Magazine

2000=1000) from the revised June reading of 120.5. The momentum index, issued by Dodge Data & Analytics, is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. higher in July to 124.7

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Level 10 Construction v. Sea World LLC: Can Force Majeure Save Sea World?

Constructlaw

On June 8, 2020, Level 10 Construction, LP (“Level 10”), a construction company hired by Sea World San Diego (“Sea World”), filed a Complaint in California federal court alleging that Sea World is withholding over $3.2 In the Complaint, Level 10 alleged that Sea World has declined to issue payments until the Sea World park reopens.

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Home Sales Slow as Buyers Pull Back, but Not All Regional Markets Are Cooling Equally

Pro Builder

Low inventory has been an issue in the market, says Matt Fowler, executive director of Triangle MLS. Prior to the pandemic in June 2019, the Raleigh area had 10.8 In Manchester, New Hampshire, available homes are lasting a meager 8.5 So there’s less inventory visible, but you can [still] find and buy a house.”. New-Home Sales.

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No Free Warranty: Connecticut Court Adopts Correction or Repair Test

Constructlaw

Travelers Casualty & Surety Company of America (Travelers) issued the payment bond for the project. ALS’s subcontract permitted the DOT to hold back 60% of its payments to assure ALS would warranty the work, which ALS did with site checks performed between June 2019 and May 2020.

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NAHB New Chair to Tackle Regulation and Promote Trades

Pro Builder

As of June 19, Florida custom home builder Chuck Fowke has taken the reins as chairman of the board of the National Association of Home Builders. Workforce development is another issue on Fowke’s agenda. The TBBA has twice named him Builder of the Year, and in 2019 the FHBA inducted him into the Florida Housing Hall of Fame.

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