Debts, lawsuits force Detroit builder to file bankruptcy
Construction Dive
JANUARY 8, 2024
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
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Construction Dive
JANUARY 8, 2024
Construction industry news, trends and jobs for building professionals who want mobile-friendly content.
Green Building Law Update
OCTOBER 9, 2013
District Court Eastern District of Michigan, claims the object of the Chinese companies’ illegal actions was to drive established solar industry leader Energy Conversion Devices out of business. The efforts to eliminate America’s solar industry, however, have not gone unnoticed by the U.S. Government.
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Construction Dive
JANUARY 10, 2020
Risk reduction, deleveraging and even bankruptcy are on the table for some of the industry's top publicly traded companies this year.
Construction Dive
MARCH 17, 2020
If passed in the Senate, the plan could lead to industry layoffs, bankruptcies and delays in the construction of medical and emergency facilities, according to the Associated General Contractors of America.
Contractor Bookkeeping
SEPTEMBER 3, 2021
Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Although the short-term outlook varies depending on your industry sector, all business leaders need to set up a strategy to guide their way towards recovery.
Contractor Bookkeeping
SEPTEMBER 11, 2020
Almost all business sectors have experienced declining profits, liquidity that is drying out, and even bankruptcy. Although the short-term outlook varies depending on your industry sector, all business leaders need to set up a strategy to guide their way towards recovery.
Construction Business Owner
FEBRUARY 27, 2013
It is always possible to turn a poorly performing company away from bankruptcy. In the construction industry, few individuals know this better than Doug Pruitt, former CEO of Sundt Construction and co-author of “Level Headed: Inside the Walls of One of the Greatest Turnaround Stories of the 21st Century.”
Pro Builder
JUNE 3, 2021
Katerra entered the industry with a hefty goal: to revolutionize the $12 trillion global construction industry. It laid off hundreds of employees last year and neared bankruptcy. SoftBank-Backed Construction Technology Startup Katerra Set to Close. cbroderick. Thu, 06/03/2021 - 10:13.
Business Facilities
OCTOBER 29, 2014
Archives Articles By Industry Articles By Location Articles By Topic Automotive Feature Story Featured Post Governor''s Report Magazine Magazine Highlights Michigan Research And Development U.S. Feature Story: Michigan Governor’s Report – Reinventing Michigan appeared first on Business Facilities (BF) Magazine.
Business Facilities
NOVEMBER 13, 2014
Detroit emerges from bankruptcy with its dignity intact. Archives Articles By Industry Articles By Location Articles By Topic Automotive Featured Post Michigan Online Features Quality Of Life The Editor''s Blog U.S. Business Facilities (BF) Magazine. Ready to Roar appeared first on Business Facilities (BF) Magazine.
Autodesk Construction Cloud
FEBRUARY 1, 2024
Paired with razor-thin profit margins, it’s increasingly difficult for construction firms to build and maintain the financial foundation necessary to compete and thrive in the industry. Industry research supports these sentiments. When we join forces with Payapps, we will aim to transform how construction payments are managed.
Green Building Law Update
AUGUST 20, 2017
Suniva, a solar panel manufacturer, now in bankruptcy, initially submitted a petition to the ITC on April 26, 2017. Representatives of the emergent solar energy industry urged the ITC not to apply tariffs on imported solar cells, saying it would slam one of the fastest growing industries in the U.S.,
Contractor Bookkeeping
NOVEMBER 3, 2012
If you need a construction accounting services who understands you and your industry we would like the opportunity to chat with you. All contractors who try to do the right thing deserve to be wealthy because they bring value to other people's lives. We can be reached at 206-361-3950 or by email sharie@fasteasyaccounting.com.
Green Building Law Update
MAY 21, 2014
corporate victims as in the nuclear power and metals industries and a labor organization, scant attention has been paid to the fact that one of the businesses is a solar panel manufacturer. manufacturing and installation wings of the domestic solar industry as they confront trade aggression from China.”
Lets Build
MAY 1, 2020
That point expressed by Dr Jan Mischke, Partner at McKinsey Global Institute, was one of the main conclusions of the virtual Town Hall on how the Coronavirus outbreak will shape the future of the construction industry. I for one am left with a sense of optimism for the future of our industry,” said Ulrik Branner after the event.
Autodesk Construction Cloud
OCTOBER 28, 2021
With a role this demanding that evolves in complexity every year, it’s no wonder that processes that have worked well in the past are now routine headaches that every GC in the industry runs into. making sure everyone is on the same page—literally and figuratively—can be the difference between a payday and bankruptcy for a GC. .
Levelset
JULY 5, 2022
Contractors and other businesses in the construction industry can file a mechanics lien if they aren’t paid for their work – even if they weren’t hired directly by the property owner. Credit bureaus can collect public information from state and county courts, including bankruptcies. What is a lien?
Construction Marketing Ideas
MARCH 11, 2016
My nearly two decades as a lawyer have taught me that surety bonds are really only protection against one risk: Subcontractor bankruptcy. Too often, surety bonds are “fight first, pay much later, and only if you have to.”.
Construction Marketing
APRIL 25, 2016
Since the economy’s slow improvement, the construction industry has seen growth as well. Out of the top 19 major American industries, Construction spends the least on technology- only 1% of total revenue. Find an application that is made specifically for the construction industry. Tech specific for the construction industry.
Pro Builder
AUGUST 3, 2021
Volumetric Building Companies (VBC) is in the final stages of a $25-million bankruptcy acquisition of Katerra’s former headquarters in Tracy, Calif. Tue, 08/03/2021 - 14:15. CEO Vaughan Buckley says VBC will reach out to some Katerra employees and customers.
PSMJ Resources
FEBRUARY 26, 2010
As anyone who practices in the AEC industry, or follows this space, will tell you, things have been bleak since fall 2007. The sector index is as follows: Multi-famliy residential (50.1), commercial/industrial (44.9), institutional (43.1), and mixed practice (40.3). Regionally, the ABI breaks down as follows: Midwest 48.0,
Buisness Facilities Contributed Content
JULY 17, 2013
The manager will determine what he can salvage from a legacy of decline that has left Motown on the cusp of bankruptcy. auto industry, Chrysler made a bold commitment to continue building its most profitable and recognizable vehicle in the city that long ago put cars on the map. automaker from going the way of the dinosaurs.
Buisness Facilities Contributed Content
MAY 21, 2014
We took some ribbing last summer when we put up a post in this space entitled “ The Road to Recovery in Detroit ,” predicting that the Motor City would quickly rebound from its financial woes and become a magnet for new industries. Great Lakes'
Business Facilities
DECEMBER 7, 2017
A decision will be announced in February on whether to continue the troubled project, which has already seen its original contractor file for bankruptcy as cost estimates for the reactors ballooned to an estimated $20 billion. nuclear power industry be revived? The demise of the V.C. Can the U.S. Thank you for voting.
Constructlaw
DECEMBER 7, 2020
Mealey’s International Arbitration Report recently asked industry experts and leaders for their thoughts on what events had an impact on global economy that have led to an increase in filings. [Editor’s Note: Copyright # 2020, LexisNexis. All rights reserved.]. Commentary by Troutman Pepper Partner Albert Bates, Jr.
Chianelli Estimating
AUGUST 6, 2020
Construction is resuming but the effects of COVID-19 has drastically altered the industry’s mode of operations forever. COVID-19 isn’t the same type of work-related hazard the industry is accustomed to. One error may be the difference in bankruptcy or staying afloat. Covid-19 and the Impact on Construction Estimating.
Buisness Facilities Contributed Content
APRIL 25, 2013
“The RDA in collaboration with community leaders worked diligently over the past 15 months to ensure a positive outcome after the bankruptcy was announced. Archives Articles By Industry Articles By Location Articles By Topic Daily News Featured Post Food Processing Kansas Online Features U.S.
Pro Builder
OCTOBER 12, 2022
Your industry type is also often a factor in your business credit rating, too. Your business credit report also provides necessary information about your company, such as your business background, ownership and subsidiaries, financial information, any bankruptcies, risk scores, and banking, trade, and collection history.
Buisness Facilities Contributed Content
MAY 17, 2013
The Golden Guernsey plant was shuttered this past January following a bankruptcy filing, leaving 112 employees without jobs. Archives Articles By Industry Articles By Location Articles By Topic Daily News Featured Post Food Processing Michigan Online Features U.S. The transaction is expected to close on June 10.
Construction Test
MAY 19, 2020
Many carriers face bankruptcy or nationalisation if the industry can’t get back to normal before a vaccine arrives, Holland-Kaye said, adding that the airport’s shareholders are burning through 200 million pounds a month ($250 million) at present.
Construction Law Monitor
APRIL 15, 2015
A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. The same thing happened to industry giants Morrison Knudsen, Modern Continental, or Ballenger. In the event of bankruptcies and pending claims, there is nobody else but the surety provider to cover the costs. Washington, D.C.’s
Pro Builder
JULY 26, 2021
I wrote columns about the coming trade labor shortage more than 10 years ago and was pretty hard on the industry for not engaging in meaningful ways to solve it. We can’t simply sit back and let others in the industry work to solve the problem on our behalf. The home building industry has been pretty good to you, hasn’t it?
Buisness Facilities Contributed Content
FEBRUARY 15, 2013
Industrial developer Stuart Lichter, who has acquired other former GM sites, will buy the 530-acre Shreveport site in conjunction with Elio Motors and lease portions of the site to other tenants. Bankruptcy Court settlement agreement to redevelop former GM locations. “We Models will be available with automatic or manual transmission.
Construction Test
MAY 15, 2020
Airlines will not have to leave seats empty, but passengers flying in the European Union will have to wear masks on planes and in airports under plans to revive the travel industry. But it refused to suspend an EU law giving passengers the right to a full cash refund if a flight has been cancelled.
Buisness Facilities Contributed Content
JANUARY 28, 2013
.” “This is a significant milestone in our restructuring and represents substantial progress that we expect will allow us to continue down a path toward successfully emerging from bankruptcy,” Spanjers said. Tentative plans call for the move to Minnesota to be completed by May 2013.
Construction Marketing Ideas
JANUARY 20, 2016
And there are shouts and cries from within the industry when procurement officials bundle smaller jobs into bigger ones in the name of efficiency — because this effectively closes the door to qualifications from the smaller players.).
Buisness Facilities Contributed Content
AUGUST 29, 2013
Targeted Industries: IT, Hospitality & Rec., GDP (All Industry 2011): $301.1 The Carlyle Group LP-owned company, which had been co-headquartered in Baltimore and Houston, said it would use bankruptcy to restructure debt and sell its assets to EQT Infrastructure in a $455-million deal, according to a report in the Baltimore Sun.
Contractor Bookkeeping
AUGUST 6, 2014
1 Your Profit & Loss and Balance Sheet Reports do not conform to financial industry standards. #2 The RMA developed several tools among them was a system of Ratios that we use today to study financial statements of all companies in all industries. Finally a Z-Score is compiled which is a formula for predicting bankruptcy.
Buisness Facilities Contributed Content
AUGUST 15, 2013
The Golden Guernsey plant was shuttered this past January following a bankruptcy filing, leaving 112 employees without jobs. Targeted Industries: Paper & Wood Products, Plastics, Dairy, Printing, Medical Devices, IT, Wind Energy. GDP (All Industry 2011): $254.8
Construction Law Monitor
APRIL 15, 2015
A recent case of this is the bankruptcy of the 105-year-old company Truland Group Inc. The same thing happened to industry giants Morrison Knudsen, Modern Continental, or Ballenger. In the event of bankruptcies and pending claims, there is nobody else but the surety provider to cover the costs. Washington, D.C.’s
Business Facilities
AUGUST 20, 2014
We wish we could say the outlook was just as bright in Atlantic City, but the New Jersey resort–known in its 1940s heyday as “the Queen of the Atlantic Coast”–is experiencing a cascading contraction in its casino industry. By the time they realized the need to put Revel’s casino front and center, it was too late.
Levelset
SEPTEMBER 16, 2022
A couple of years after the construction of an industrial manufacturing plant, an electrical fire destroys the plant and the equipment inside. Completed operations will pay for repairing the damages to the floor and any other work below the slab. The plumbing contractor is responsible for repairing the pipe and fittings that failed.
Business Facilities
AUGUST 1, 2014
The thriving high-tech industry in Austin has made Texas the second-largest semiconductor job market after California, according to the Semiconductor Industry Association. the next five-year phase—will focus on eight industries, including clean technology, data centers and digital media.
Pro Builder
JANUARY 3, 2022
Housing, Industrialized: Your Road Map to Off-Site Construction. PB: What is happening with former Katerra customers whose projects were left stranded by the bankruptcy? Off-Site: a Total Cost Analysis for Home Builders. 3 Reasons Off-Site Construction Could Help Shape the Future of Housing.
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