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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Planned Lucas Museum in Chicago Relies on $1.2B Debt

Construction Equipment

. . They're going to need more Force. 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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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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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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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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Contractor McDermott Intl. Files Chapter 11 Plan to Cut Debt, Fund Operations

ENR Construction

Energy megaproject firm's bankruptcy includes expected $2.7B sale of its Lummus Technology unit to PE investors and another $2.8B from lenders to operate

Contractor McDermott International Files Chapter 11 Plan to Cut Debt, Fund Operations

ENR Construction

Energy megaproject firm's bankruptcy includes expected $2.7B sale of its Lummus Technology unit to PE investors and another $2.8B from lenders to fund operations

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

Contractor 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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McDermott exits Chapter 11 bankruptcy

Construction Dive

billion of debt and provides the energy contractor's management with 7.5% The reorganization eliminates $4.6 of newly issued equity

Optimism high amid uncertainty

Construction Dive

Commercial builders mostly expect profit to grow this year despite economic warning bells around debt and trade, according to an ABC confidence index

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Judge approves McDermott reorganization, $2.7B sale of Lummus Technology

Construction Dive

billion of debt for the beleaguer?ed The confirmation by Bankruptcy Court Judge David R. Jones eliminates more than $4.6 ed energy contractor

Perception and the workforce crisis

Contractor Magazine

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

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Generation Z Is Choosing Trade School over College

Green Industry Professionals

With the job market in flux, younger Americans are trying to avoid an education that comes with massive debt

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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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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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Salini Impregilo Appears Set To Pick Up Astaldi, Go After More US Projects

ENR Construction

Recapitalization would enable Milan-based Salini to purchase 65% stake in bankrupt Astaldi and spend $325 to settle debt

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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?!).

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

Contractor Magazine

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

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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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.

Brokers look forward to a commercial real estate market that mirrors 2018’s solid results

BD+C

They are buoyed by strong consumer and business confidence, steady employment growth, and the anticipation of available debt and equity liquidity.

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

Contractor 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.

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.

Jacobs Adds To Its Government Cybersecurity Business

ENR Construction

a share and assumption of debt Jacobs (NYSE: JEC) added another government cybersecurity contracting business by announcing a deal to acquire KeyW for $11.25

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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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Efficient Business Systems And The Value Of Documenting Your Processes

Contractor Bookkeeping

Invoices go out late, and debts remain uncollected. Too many construction businesses fall over because the owner has not established efficient business systems.

How To Manage Your Construction Firm's Cash Flow During Crisis

Contractor Bookkeeping

You also need to know about any substantial invoices that are in dispute, particularly overdue debts and clients exceeding their credit limits. Dealing with unexpected cash-flow difficulties, even if you're working hard to avoid shortfalls, is hugely distracting.

In respect of the bootstrap: Start-up surprises and business projections

Construction Marketing Ideas

This focus is necessary, in part, because we’re running the business on a shoestring — there’s no debt financing, virtually no third-party or added expenses, and not a whole lot of free time (since the phrase […].

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Mortgage Rates Plunge After Fed Commits to Buying Mortgage-Backed Securities

Pro Builder

Zillow reports this reaffirmation increased demand for mortgage debt, which led to the drop in rates. The announcement instantly increased demand for mortgage debt and pushed rates back down to long-term lows. Mortgage Rates Plunge After Fed Commits to Buying Mortgage-Backed Securities.

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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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constructionattorneyblog: Waivers of liens: fraud

Construction Lawyer

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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