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Government vetoes project bank account proposal

Construction Enquirer

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. “Instead, we intend to continue educating contracting authorities, through guidance, on the circumstances in which we believe PBAs are practical and effective.” ” .

Banking 115
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Construction spending is projected to increase by more than 11% through 2022

BD+C

The office, education, amusement and recreation, manufacturing, and transportation sectors are expected to be the impetus behind a projected 3% increase in spending on engineering and construction in the United States, according to the recently released 2019 FMI Overview , which features the management consulting and investment banking firm’s predictions, (..)

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Barclays Bank Chooses McKinney, Texas For U.S. Tech Center

Business Facilities

London-based Barclays Bank has selected McKinney, TX, as the new site for one of the company’s innovative technology centers. The Barclays Technology Center will support the bank’s operations globally by providing technology support to the business and developing solutions for all the group’s activities and requirements.

Banking 54
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The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations, and the specific attributes such as embedded leases, related party leases, consolidation (when there is a variable interest entity), and how to apply the standard to these situations. Section In the Office.

Leases 178
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Join Viewpoint at BuiltWorlds 2018 Summit

Viewpoint Construction Technology

More than 60 speakers and presenters—including Viewpoint—will share more than 11 hours of groundbreaking educational presentations, panel sessions and more. Those utilizing new platforms could gain considerably from integrating “outside” players; such as second-tier subcontractors, vendors, banks, lenders and others into their inner workflow.

Viewpoint 130
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What Every Business Owner Should Know about Design-Build Construction

Wolgast Corporation

The Clients were educated people who knew a lot about their line of business, but never had an opportunity to learn about construction practices. He or she will then have enough information to know if financing is needed and, if so, documentation to take to the bank to get their loan approval.

Design 62
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Snapshots: 60 Seconds with Val Hale, Utah Governor’s Office of Economic Development

Business Facilities

Val Hale, Executive Director, Utah Governor’s Office of Economic Development. We have what I call “anchor” institutions in this sector such as Fidelity Investments, Wells Fargo, Zions Bank and Goldman Sachs. The state is also home to 15 active industrial banks with assets totaling $137 billion. By the BF Staff.

Utah 40