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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

It is now apparent how critical it is to provide compensation and support to employees as strict community quarantines are placed. Because of the COVID-19 pandemic, governments had to issue new guidelines on compensation, including new filing deadlines, work-time reductions, and rules on employee leaves, to account for the lockdown.

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Job Order Contracting – Best Practices Implementation

Building Information Management

Job Order Contracting GUIDELINES & PROCEDURES. The Owner will be required to deliver such materials to the job site or compensate the Contractor for providing labor to deliver Owner-furnished materials to the job. . JOB ORDER CONTRACTING. The Owner reserves the right to purchase material or job-required merchandise.

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State by State Incentives Guide

Buisness Facilities Contributed Content

In addition to the qualifying expenses, at least 25% of the workforce on every project must be Colorado residents in order for the project to meet state incentive guidelines. An applicant must compensate its employees at least 150 percent of the state’s hourly minimum wage and agree to maintain operations for at least 10 years.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

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