The Federal Debt Comes Calling!

Collaborative Construction

We must do something about the looming federal debt crisis. Or stated differently, we must force our spineless political class to do something about the looming federal debt crisis. Three lawyers I know launched a website a number of years ago called the Powerline Blog and the blog ran a contest this year seeking input form their readers on the topic of the federal debt. Welcome to the Collaborative Revolution!

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Debts for KFC 'Yum Center' stadium in Louisville swell to $1B

Construction Dive

Even though the venue was completed on time and within budget, the city is on the hook for unpaid costs that increased by more than $360 million in 10 years

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Trending Sources

How Much Debt is Too Much for Chinese Developer?

ENR Construction

Greenland Group’s debt is running high at a time when the Chinese economy is said to be slowing. Business Management

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Litigation looms in MGT Construction's $28M debt, $50K assets bankruptcy

Construction Dive

A Chapter 7 bankruptcy trustee asked the court for a special litigation council to try to uncover any of the defunct firm's "undisclosed assets" to help it pay the more than 500 companies and individuals it owes

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Moody's: P3 delays don't always mean debt default

Construction Dive

The ratings agency found P3 problems depend largely on where in the construction schedule delays occur

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Student Couple Build Tiny Home to Climb Out of Debt

Jetson Green

There are many reasons why people choose to downsize and move to a tiny home, though mostly these reasons stem from financial concerns to some degree. This was also at the core of the decision to build and move to a tiny home for student couple Jess and Dan Sullivan of Burrillville, Rhode Island.

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Collaborative Construction Blog: Eating the rich won't solve our debt.

Collaborative Construction

Eating the rich wont solve our debt crisis. Eating the rich won't solve our debt crisis. skip to main | skip to sidebar. Collaborative Construction Blog.

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Commercial Debt Collection – How Do I Collect When A Company Owes Me Money?

Construction Law Monitor

The Fair Debt Collection Practices Act protects the consumer, not businesses. Most business think that when an account is overdue, then they call up a debt collection agency and the debt will be collected or its deemed bad debt. Writing off the debt is never good.

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Construction Bad Debt What To Do About It

Contractor Bookkeeping

All construction contractors have experienced the financial pain of bad debt which is defined as a customer who refuses to pay no matter what you do. Oddly enough most of them paid the debt years later and all of them were very appreciative that we treated them with courtesy and respect.

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AIA gives support to legislation to assist architecture students with debt

BD+C

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Trustee in bankruptcy case says MGT Construction may have "undisclosed assets" to pay $28M debt

Construction Dive

A trustee in the case of MGT's Chapter 7 bankruptcy has asked the court to consider that the company may have more than the $50,000 in assets it claims

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Special legal team could tap MGT Construction's "undisclosed assets" to pay $28M debt

Construction Dive

A trustee in the case of MGT's Chapter 7 bankruptcy has asked the court to consider that the company may have more than the $50,000 in assets it claims

A high-paying education without the debt? It's called an apprenticeship

Constructor Magazine

There are 5.8 million job openings in the US, but many young Americans lack the stills needed to work the good-paying jobs offered in the trades. read more. Training Opportunities

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Malaysia Scraps Two Megaprojects Funded by China

ENR Construction

Malaysian Prime Minister Mahathir Mohamad said Malaysia is facing heavy debt and unable to take more loans

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Jacobs Pays Surprise Premium in $3.27B Deal for CH2M

ENR Construction

The much-speculated purchase, set to conclude by December, includes $416 million of debt

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Perception and the workforce crisis

Constructor Magazine

Are we all waiting for the backlash over exorbitant student loan debt? It can’t come soon enough

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Recent Downturn in Architecture Firm Billings Accelerates

PSMJ Resources

With the fluctuating economy and the recent downgrade of the country’s debt, it remains unclear what the future will hold for the design industry. Businesses seem to be paying down debt and not risking investment in new ventures. • While we are so far having a quite profitable year, we feel the pressure caused by Congress’s long delay on the debt ceiling increase and the wrangling about deficit reduction. skip to main | skip to sidebar.

UK Contracting Giant Carillion Collapses as Rescue Talks Fail

ENR Construction

billion debt; some fears of industry-wide impacts Government and partners take steps to secure contracts, employee pay as lenders bail on deal to fix firm's $2.1

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Chorus Rises Against Outsourcing After Carillion's Collapse

ENR Construction

contractor Carillion PLC was a major government supplier before spiraling debt forced it into bankruptcy on Jan. From brick-and-mortar construction projects to providing school meals, U.K.

New Infrastructure Funding Sources Step Up in Canada

ENR Construction

A shrinking budget deficit is usually good news, but a drop in federal debt in Canada is raising concerns over delays in government efforts to funnel infrastructure money into projects

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Does Super Committee’s Failure Fail the Green Industry?

Green Industry Professionals

NEWS FLASH: The bipartisan Congressional Debt Committee has failed to reach a compromise. Landscape Contractors Business Best Practices Blog Lawn Equipment Small Engine Repair Business Blog Debt Committee green industry landscaping services Super CommitteeCan you believe it?! sense sarcasm) Actually, this thing had about as much chance of succeeding as Gary Coleman would’ve had in a slam dunk contest. Whatchoo talkin bout, Wartgow?!).

Wood Group Hopes To Cut Time Needed to Collect Cash

ENR Construction

After acquiring Amec Foster Wheeler in a $2.6-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

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Analysis: Student loans will cost housing industry $83 billion in 2014

BD+C

8% fewer homes will transact than normal in 2014, purely due to student debt. Our conclusion is that 414,000 transactions will be lost in 2014 due to student debt.

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Finishing Acquisition of Layne Christensen, Granite Construction Revamps Roles

ENR Construction

valued at about $536 million, including net debt assumption Granite Construction Inc. said on June 14 that it completed its acquisition of global water management firm Layne Christensen Co.,

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The New Flat Rate to host Major League for a Day seminar in Atlanta April 12

Constructor Magazine

Seminar designed to help HVAC, plumbing and electrical service company owners run a profitable, debt-free business.

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Americas Are Key to Growth For Israel's Largest Contractor

ENR Construction

Shikun & Binui Group, Israel’s largest contractor, expects to take a loss of up to $30 million on debts owed since last year for infrastructure by its key overseas client, oil-sector-ravaged Nigeria

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Hyundai Construction Split From Mothership

Construction Equipment

In an effort to cut its debt-to-equity ratio and insulate the shipbuilding group from any financial downturns from any of its divisions, Hyundai Heavy Industries has begun trading as four separate entities - construction equipment, shipbuilding, electric machinery and industrial robots.

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A. O. Smith acquires water treatment company Aquasana

Constructor Magazine

from consumer-focused private equity firm L Catterton for $87 million in cash on a debt/cash-free basis. Smith Corporation today announced it completed the purchase of Texas-based Aquasana, Inc.

Bill to borrow more for college spending in Michigan criticized due to ‘higher-ed bubble’

BD+C

An amendment to a Michigan appropriations budget authorizes an increase in state debt to pay for state university construction projects. But some experts see a “higher education bubble” on the horizon, and said more taxpayer debt for more buildings is a bad idea. ( [link] ).

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Landscape Architects Disappointed with Federal Government on Sequestration

Green Industry Professionals

While the federal deficit and debt load are serious problems, across-the-board cuts at this point in time will adversely affect the landscape architecture industry

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Harrisburg Sought Support Before Ruinous Incinerator Retrofit

ENR Construction

Mayor Stephen Reed (D) and his aides set out to retrofit the city’s aging incinerator in late 2000, the project spun out of control over the coming years, enlarging the debt the city owed on the facility to $300 million and sinking Harrisburg into financial ruin

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Michigan law provides local governments with flexible energy conservation financing

BD+C

TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive

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World's 2nd Largest Private Coal Mining Company Files Chapter 11

Construction Equipment

billion in debts and $11 billion in assets, including ownership interest in 26 active mines in the U.S. Peabody Energy, the world's largest private-sector coal producer, has filed for bankruptcy protection in United States Bankruptcy Court for the Eastern District of Missouri.

constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer Blog

The Bankruptcy Court for the Northern District of Illinois recently ruled that a contractor who falsified waivers of lien engaged in fraudulent conduct and his debt to the bank was non-dischargeable. constructionattorneyblog. Attorneys at Sabo & Zahn. Sabo & Zahn. Werner Sabo. Werner Sabo is a partner at the construction law firm of Sabo & Zahn in Chicago. He is also a licensed architect, having practiced architecture for a number of years prior to establishing his law practice in 1981.

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Doosan Sells Montabert For $123 Million

Construction Equipment

Doosan said in a statement that it is selling non-core assets to focus on its main businesses, and would use the funds to pay down refinanced debt on U.S.-based Doosan Infracore sold its French quarrying equipment maker Montabert for $123 million to U.S.-based based Joy Global Inc.

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The Contractor’s Dilemma

Construction Business Owner

Some seemingly beneficial business decisions provide short-term benefits, such as payroll, cash flow or debt payments, but damage the firm’s long-term ability to be a strategic leader in the market

New Michigan law provides local governments with flexible energy conservation financing

BD+C

TELPs are not considered debt for local governments, making energy performance contracts that are paid back through annual energy and operational savings more attractive

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New Fiscal Fights Ahead After 'Cliff' Deal

ENR Construction

to hit debt ceiling, and also face new deadlines for budget sequester cuts, fiscal 2013 appropriations. In coming weeks, U.S. Policy

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Jacobs agrees to acquire CH2M

BD+C

billion (including assumption of $416 million of CH2M debt), with 60% cash and 40% stock. Jacobs Engineering Group has entered into a definitive agreement to acquire the outstanding shares of CHM2 Hill Companies, an Englewood, Colo.-based

Harvard releases the State of the Nation’s Housing 2014

BD+C

Tight credit, still elevated unemployment, and mounting student loan debt among young Americans are moderating growth and keeping millennials and other first-time homebuyers out of the market. The U.S.

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