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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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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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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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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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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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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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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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.

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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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?!).

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.

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.

Debt 101

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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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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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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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.

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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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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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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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.

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

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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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

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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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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P3's Probably Not for 'Pay-As-You-Go' Tennessee

Construction Equipment

Tennessee Governor Bill Haslam is in full agreement with President Trump's views on the need for new spending on crumbling or new transportation infrastructure, but he doesn't think Trump's idea for public/private partnerships to finance the work will help Tennessee for one simple reason - Tennessee pays for its roads without taking on debt and resulting interest payments by issuing bonds.

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Jacobs announces merger agreement with Sinclair Knight Merz

BD+C

billion) plus adjustments for cash, debt and other items. Jacobs Engineering Group Inc.

Accounting Basics for Small Contractors — Benchmarking

Constructor Magazine

Debt-to-equity ratio? BY MICHAEL BOHINC, CPA. Do you know your current ratio? How often assets turn over? In this installment of Accounting Basics for Small Contractors, we’ll look at specific KPIs (Key Performance Indicators) (aka benchmarks) that contractors should be monitoring. In order to calculate and monitor KPIs, you first have to keep score! read more. Management Registered User

Volvo CE to Acquire Terex Hauler Business

Construction Equipment

for a purchase consideration of approximately $160 million (SEK 1 billion) on a cash and debt-free basis. Volvo Construction Equipment has agreed to acquire hauler equipment manufacturer Terex Equipment Ltd., 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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Expansion, Relocation Projects Bringing Las Vegas Area Over 700 Jobs

Business Facilities Blog

As one of the largest debt buyers in the world with more than 3,800 employees in 12 countries, PRA Group plans to create 330 new jobs over five years.

School Bond Loan Fund Reform

Wolgast Corporation Blog

Another set-back to the program is that there’s a minimum (7 mill) total debt that must be levied in order to participate. o The total non-qualified debt cannot exceed 15% of the District SEV.

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