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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Chicago Debt Document Says $8.5B O'Hare Revamp May Be Delayed

ENR Construction

An document filed by Chicago says the $8.5-billion revamp of O'Hare International Airport may be delayed as airline revenue, a key funding source, has been decimated by the pandemic, but the Chicago Dept.

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Chicago Debt Document Says $8.5B O'Hare Revamp May be Delayed

ENR Construction

An document filed by Chicago says the $8.5-billion revamp of O'Hare International Airport may be delayed as airline revenue, a key funding source, has been decimated by the pandemic, but the Chicago Dept.

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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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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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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. They built their tiny home from primarily wood, and used a lot of repurposed and recycled materials to finish it up. They also made it off-the-grid to avoid further costs.

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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. We have clients who have experienced situations beyond their control in all of our companies and when it is legitimate we have been known to issue a letter stating the debt is cancelled and they owe us nothing. Do whatever you think is within reason to collect the debt and no more.

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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. Collaborative Construction Resources, LLC helps owners craft IPD procurement strategies that enable them to acquire BIM enabled infrastructure from integrated teams and helps those teams craft, negotiate and implement integrated agreements. Whether you need an IPD Facilitator, a Project Neutral, or Project Counsel, we can help.

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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

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. There are at least two phases of debt collection, each of which could arguably be broken down into subcategories. You have a pre-debt fact gathering and document filing stage, as the first phase.

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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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AIA gives support to legislation to assist architecture students with debt

BD+C

The American Institute of Architects (AIA) and the American Institute of Architecture Students (AIAS) committed to timely passage of the National Design Services Act (NDSA), which will give architecture students the same relief from crushing student loan debt, which is already granted young lawyers, doctors and others – in return for community service.

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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

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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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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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

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

A Contractor's Guide To Dealing With Customers Who Refuse To Pay

Contractor Bookkeeping

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.

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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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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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Cities Where Buyers Can Afford the Most and Least

Pro Builder

Nearly 67% of Americans are bunkered down by at least one non-mortgage debt. Data compared included median household income in each city, average non-mortgage debt, and median home values. Some big-city dwellers with debt may struggle to afford a home.

Repurposeability: The future of college campuses

BD+C

. HIGHER ED’S ‘EDIFICE COMPLEX’.

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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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Cob House Tour and Demonstration

Natural Building

Take a tour, learn how cob is made, and get inspired by this wonderful, debt-free family and their sustainable lifestyle. You can watch the video at www.youtube.com. The post Cob House Tour and Demonstration appeared first on Natural Building Blog.

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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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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?!).

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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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.

Will Expiring Eviction Moratoriums Spur a Housing Crisis?

Pro Builder

billion in rent debt. But the tens of millions of people potentially caught in a web of home-rental debt and eviction would far exceed the 3.8 The ballooning debt issue for renters is another sign of how Covid-19 is punishing the less well-off far worse than the more affluent.

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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. The New Flat Rate, a leading provider of menu pricing for residential home service companies, is hosting a seminar at the Hilton Garden Inn, Atlanta Airport, on Wednesday, April 12, from 8 a.m. to 5:30 p.m. read more. Management

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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. This week, our clients received a 30-page paper that assesses the impact of student loans on home buying for households under the age of 40. read more. Architects Building Owner Contractors Designers Engineers Facility Managers

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Data center provider Aligned links new financing to sustainability performance

BD+C

The Dallas-based data center provider Aligned recently completed a $1 billion senior secured credit facility that it claims is one of the largest private debt raises in this sector’s history, and the first of its kind that links financing to sustainability.

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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. Commercial real estate brokers are optimistic about their industry’s growth prospects for 2019, according to a poll of brokers that Transwestern released last month. The survey explored the sentiments of brokerage professionals about three sectors: offices, medical offices, and industrial

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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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. The move cut the Korean shipbuilder's net debt in half and reduced its debt-to-equity ratio to 95.6

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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. read more. Management

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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