Debt ceiling deal would speed environmental permitting
Construction Dive
MAY 30, 2023
The proposed legislation could also advance the Mountain Valley Pipeline and help boost the construction workforce, according to one trade group.
How To Handle Construction Client Debt So You Get Paid On Time
Contractor Bookkeeping
AUGUST 11, 2023
Ideally, you want to reduce the chance of bad debts and pressure on your construction company's cash flow. Dealing regular payments for contracts that take months to complete has two purposes: it gives you cash flow to match your expenses and protects you from total loss on a project if the customer goes into liquidation.
Debt 
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Debt ceiling deal leaves DOT mostly unscathed, but transportation, housing funds may still be at risk
Construction Dive
JUNE 2, 2023
“We're still assessing the best ways to accommodate the caps and restraints that are part of this deal,” said Transportation Secretary Pete Buttigieg.
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House builder Lane End owes £12m to suppliers
Construction Enquirer
JUNE 6, 2023
An update from administrator Quantuma Advisory details debts of £11.8m “The joint administrators will carry out investigations to identify any potential claims which may be brought against parties either connected to or who have past dealings with the company. owed to 412 unsecured creditors left holding unpaid invoices.
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A Contractor's Guide To Dealing With Customers Who Refuse To Pay
Contractor Bookkeeping
NOVEMBER 20, 2020
All construction contractors have experienced bad debt's financial pain, which is defined as a customer who refuses to pay no matter what you do. I've been there before, and it will probably happen again in the future. Owning and operating any business, including accounting, means sometimes you provide goods and services and not get paid.
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Green Buildings are Subsidizing Conventional Buildings Stymying Climate Progress
Green Building Law Update
APRIL 4, 2021
Green buildings are less risky, more profitable, with higher appraised value than conventional buildings that results in higher company creditworthiness, measuring the reduced likelihood of it defaulting on its debt, but today, green building does not receive a commensurate lower interest rate on its debt.
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Haydon M&E files administration notice
Construction Enquirer
JULY 25, 2023
The CVA deal was designed to distribute at least £7.2m to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.
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Suppliers left high and dry as Haydon M&E goes under
Construction Enquirer
JULY 31, 2023
The CVA deal was designed to distribute at least £7.2m to creditors at the rate of £200,000 a month starting in November 2022 with suppliers getting at least 80p in the £1 back for their debts.
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Ilke Homes files administration notice
Construction Enquirer
JUNE 20, 2023
The Enquirer understands that ilke is being offered to potential buyers for bids over £1 with a number of major house builders approached over a possible deal. Subscribers to the Red Flag Alert service benefit from early warnings about the financial health of companies to help them avoid bad debts.
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ISG margins squeezed as orders hit record £1.9bn
Construction Enquirer
APRIL 27, 2023
ISG also made inroads to the biopharmaceutical sector with a £200m deal this year for a vaccines manufacturing plant on Teesside. ISG maintained its zero-debt status and continues to hold a healthy net cash balance of £105m. Blowers said: “Our record forward order book reflects the demand for our unique and specialist services.
Planned Lucas Museum in Chicago Relies on $1.2B Debt
Construction Equipment
APRIL 19, 2016
The George Lucas Museum of Narrative Art and the City of Chicago have been working on a deal to build a new museum facility in the area around McCormick Place. The Chicago Tribune reports details of the latest proposal to bring the George Lucas museum to Chicago will require galactic-size funding.
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How Down Payment Loans Affect the Housing Market
Pro Builder
OCTOBER 15, 2021
Buyers ready with 20% of the purchase price stand a better chance of having their mortgages approved and for these deals to go through. A record 73% of all new mortgage debt in the first quarter of 2021 went to buyers with credit scores of 760 or above, according to data from the New York Federal Reserve.
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Jacobs Pays Surprise Premium in $3.27B Deal for CH2M
ENR Construction
AUGUST 2, 2017
The much-speculated purchase, set to conclude by December, includes $416 million of debt.
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UK Contracting Giant Carillion Collapses as Rescue Talks Fail
ENR Construction
JANUARY 15, 2018
Government and partners take steps to secure contracts, employee pay as lenders bail on deal to fix firm's $2.1 billion debt; some fears of industry-wide impacts.
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How To Manage Your Construction Firm's Cash Flow During Crisis
Contractor Bookkeeping
MAY 1, 2020
Dealing with unexpected cash-flow difficulties, even if you're working hard to avoid shortfalls, is hugely distracting. You also need to know about any substantial invoices that are in dispute, particularly overdue debts and clients exceeding their credit limits. Pay attention to your Key Performance Indicators.
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Buyers Want to Buy But Where Are the Starter Homes?
Pro Builder
JULY 7, 2021
The pandemic and subsequent recession, along with the student debt crisis and delayed family formation, contributed to frustration and despair among younger house hunters. This is a big deal,” said Sam Khater, chief economist and head of Freddie Mac’s Economic and Housing Research division. “We
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What You Should Know Before Taking a Construction Loan
Construction Marketing
FEBRUARY 17, 2022
To win the construction loan approval, make at least a 20% down payment, ensure you’ve got a great credit score, low debt to income rate, sufficient earnings to pay off the loan, construction and project budget approval, and general contractor or builder approval. Compare their down payment, loan rates, and terms to find the best deal.
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Jacobs Adds To Its Government Cybersecurity Business
ENR Construction
APRIL 24, 2019
Jacobs (NYSE: JEC) added another government cybersecurity contracting business by announcing a deal to acquire KeyW for $11.25 a share and assumption of debt.
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Volvo CE to Acquire Terex Hauler Business
Construction Equipment
DECEMBER 9, 2013
for a purchase consideration of approximately $160 million (SEK 1 billion) on a cash and debt-free basis. The deal, which is subject to regulatory approval, includes Terex’s main production facility in Motherwell, Scotland and two product ranges that include rigid and articulated haulers. '
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Jacobs agrees to acquire CH2M
BD+C
AUGUST 3, 2017
Dallas-based Jacobs will finance this deal, valued at $3.27 billion (including assumption of $416 million of CH2M debt), with 60% cash and 40% stock. -based consulting and program management firm that is a leader in infrastructure, environmental, and government sectors. The firm has secured financing, including a $1.2
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Wood Group Hopes To Cut Time Needed to Collect Cash
ENR Construction
OCTOBER 10, 2018
billion deal earlier this year, Wood Group plc has set a strategy to get some of the debt from the acquisition off its balance sheet, says CFO David Kemp. After acquiring Amec Foster Wheeler in a $2.6-billion
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Are Bonds of Any Value to the Bonded Contractor?
Construction Dive
JUNE 4, 2014
The bonds guarantee the contractor’s payment of its debts and performance of the work. If the bonded contractor defaults, triggering the bond obligation, the surety has almost unfettered discretion in dealing with the situation. By Bruce Jervis Contractors are frequently required to furnish payment and performance bonds.
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Detroit’s problems may make blue infrastructure codes more likely
BD+C
JULY 26, 2013
It would cost $1 billion to adequately deal with the problem of stormwater runoff through the traditional “big pipe” way. But with suburban customers rebelling against high water rates and Wall Streetbond rating agencies downgrading the city’s water department debt this month to “junk” status, that option may be increasingly limited.
Top 10 Companies for Environmental Engineers to Work For
CivilJungle
OCTOBER 25, 2020
It deals with innovative new technologies to help positively impact the environment we live in and can take many forms such as architecture, civil engineering, renewable energy sources, and more. – Debt/Equity Ratio. Debt/Equity Ratio. Debt/Equity Ratio. Debt/Equity Ratio. – Debt/Equity Ratio.
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Industrial Products M&A Activity Surges In Second Quarter
Business Facilities
AUGUST 11, 2014
Merger and acquisition (M&A) deal activity surged across the global industrial products (IP) industry during the second quarter of 2014, according to PwC US. As deal multiples continued to move higher, deal sizes have grown, elevating execution risk and narrowing the path to capturing value on investment.
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As Economy Heats Up Your Bookkeeper May Leave For Bigger Better Deal
Contractor Bookkeeping
DECEMBER 13, 2013
had left the company in the form of cash, credit card debt, unfiled and unpaid sales tax payments, unfiled and unpaid payroll tax payments and unauthorized charges on his supplier charge accounts. None of the bank or credit card accounts were ever reconciled by The cheap bookkeeper. In the end a little more than $100,000.00
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HUD Jumpstarts PACE Financing for Homes
Green Building Law Update
JULY 24, 2016
Again, this would be a big deal except for the fact that most State commercial PACE programs are already structured this way. Which, in Federal government speak, means only the dollar amount of delinquent PACE payments take priority over existing mortgages, not the full amount of the PACE loan.
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State of the Construction Industry: January Roundup
Viewpoint Construction Technology
JANUARY 31, 2019
With student loans for four-year colleges and universities rivalling mortgage debt in the United States, trade programs, apprenticeships and two-year colleges or construction courses are being touted as a way for younger and future professionals to carve out successful careers.
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Building A Home On A Budget – 4 Tips To Suggest For Potential Buyers
Pro Builder
OCTOBER 21, 2020
While these are more commonly associated with needs like managing debt or financing education, moving and relocation are reasons for what a personal loan can easily be used for as well. For that reason, it can be helpful to keep these tips in mind if you're ever dealing with a prospective buyer who's worried about cost.
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Does Super Committee’s Failure Fail the Green Industry?
Green Industry Professionals
NOVEMBER 22, 2011
NEWS FLASH: The bipartisan Congressional Debt Committee has failed to reach a compromise. In the meantime, I don’t think anything too drastic is in store for the Green Industry–nothing above and beyond what you’ve already had to deal with for the past three years, at any rate. Can you believe it?!
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45 Giving and Getting
Buisness Facilities Contributed Content
JUNE 12, 2014
Tax credits are a reliably effective tool routinely deployed by states to seal the deal on new facilities, expansions and relocations. Viewed strictly through the prism of economic development triumphs or failures, we have no problem adding our voice to the cheering section for these big-ticket deals in our home state.
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Oh No! I’ve Graduated With a Construction Management Degree.
Constructonomics
MAY 29, 2010
Now they are boggled in debt and left with no income on which to live. Just be careful cutting a deal with a partner that you don’t know (or that you do know for that matter). I’m sure there are many youngsters that just received a diploma this month with a concentration in construction management.
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Crystal Ball 2014
Business Facilities
DECEMBER 18, 2013
Without further ado, let’s all peak at the stories that will make headlines next year: – Rob Ford resigns as Toronto mayor, inks deal to be “new face of Crackerjacks.” – “Rounding error” in Paul Ryan-Patty Murray federal budget deal adds $2 trillion to national debt. – CA Gov.
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Do Pawn Shops Take Steel-Toe Boots?
Work Gearz
DECEMBER 21, 2021
Debt cycle. This will put you in a vicious debt cycle. Selling your boots will get you a much better deal than leaving or even selling them at a pawn shop where you will only receive a fraction of the actual price. There is simply an agreement between you and the pawnbroker in most places. Not much value.
How Just-in-Time Land Deals Help Manage Cash Flow
Pro Builder
JUNE 12, 2020
How Just-in-Time Land Deals Help Manage Cash Flow. Also, owning land usually requires the builder to utilize debt capital, which reduces operating cash and can constrain a builder’s ability to invest in new communities in desired markets, all while increasing risks to investors. . Fri, 06/12/2020 - 05:00. Justin Onorato. .
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64 Global AEC is limping, hobbling. It should be handed over to our children. Turn it back into a viable career choice and let them thrive and contribute to its recovery!
DebunkTheBIM
AUGUST 31, 2013
The big money and murky deals are higher up, where the mega projects of our built environment are arranged. The big money and murky deals are only about building our most valuable collective assets: hospitals, schools, roads and rails. No big deal. The media do not seem to care. The public are given no hints. “No
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Construction Business Owner Blogs
Construction Business Owner
AUGUST 19, 2011
Then there’s long hours and reams of paperwork and difficult employees to deal with. Inside these pages you’ll learn how to better manage the submittal process; make the most of field, logistics and maintenance report; examine if it’s smart to restructure debt, reinforce training so that it sticks, and more. Hope you enjoy it!
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Steady Optimism Among U.S. Commercial Real Estate Executives, Increased Investor Appetite
Buisness Facilities Contributed Content
MARCH 17, 2014
REITs are expected to continue to serve as a leading source of real estate debt and/or equity funding while banks also are projected to boost funding in 2014. Respondents predict that the industrial sector will see an influx of activity, closing the second most deals during the year, followed by the retail, hospitality, and office sectors.
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63 Tips For Hiring A Residential Contractor
Construction Law Monitor
APRIL 4, 2011
This blog focuses a great deal on construction law from the perspective of the contractor, supplier or subcontractor. –Lists of subcontractors and suppliers and verify that they pay their debts on time. We’re happy to hear from Alicia Lagarde as a guest blogger on the Monitor this week.
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53 Louisiana Public Contract Law: Material Supplier Notice Requirement
Construction Law Monitor
JUNE 17, 2014
This strict regulation is necessary due the past corruption when dealing with public funds. Knowing these rules can mean all the difference to whether a bill gets paid or it gets written off as bad debt. Entering into a contract for a construction project with a public entity has strict regulation.
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PSMJ Resources Inc. Survey Finds that Overall Economy Continues to
PSMJ Resources
JULY 27, 2011
economy continues to face a great deal of uncertainty and that is creating an environment that doesn’t lend itself well to much near-term optimism. “With unemployment rates creeping back up and concerns about the United States’ debt burden, there is reason for concern at the most macro level.
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52 Latest ABI Reflects Strongest Growth in Nearly Five Years
PSMJ Resources
JANUARY 16, 2013
Both of these sectors are currently fragile enough that they are more vulnerable to the fluctuations of the broader economy, particularly the federal budget and debt negotiations. Housing strong, but rest of economy teetering In a long-awaited turnaround, the housing market has turned into one of the strongest sectors in the economy.
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