The U.S. Department of Labor鈥檚 massive final rule 鈥淯pdating the Davis-Bacon and Related Acts Regulations鈥 takes effect on all new contracts awarded on and after October 23, with limited exceptions.
12 Additional Federally Funded Projects Designated
THE LATEST: At the expense of YOUR highway and bridge projects and construction jobs, the Federal Highway Administration (FHWA) is moving to force states to spend their federal-aid highway funds, meant for road and bridge construction, to pay for buses, Amtrak trains, and electric vehicle (EV) charging stations.
There鈥檚 less than a month for the year鈥檚 premier conference focused on highway, transportation, and utility infrastructure contractors! While you鈥檙e waiting to attend the event on November 8-9th, plan your days by checking out the following two education sessions.
Congressman Emanuel Cleaver speaks at the new Kansas City Current Stadium project on the first day of Construction Inclusion Week 2023
In its latest Settlements Report, the 麻豆传媒-supported Construction Labor Research Council (CLRC) advises that construction-industry collective bargaining agreements settled from January through September of 2023 provide an average 4.6 percent increase in the first contract year. The CLRC notes that the multi-year settlements are now seeing the full effects of the surge in inflation. Because most unions will have negotiated new rates by the end of 2025, the CLRC projects that the steep growth in increases will slow. Measured by dollar value, the first-year increases during the first part of 2023 was $2.97, a substantial $1.32 jump from 2020. The CLRC projects first-year increases to average $3.40 in 2025. Regionally every region except New England has seen increases and nearly every craft has seen increases, some with notable increases.
State construction laws and case law interpreting those laws dramatically impact your contract and, thereby, your risk profile on a project. Before you sign or bid on your next construction contract, it is wise to have a system to navigate these laws. ConsensusDocs is presenting a webinar on November 9th (Register here), providing a systematic approach to navigating critical construction laws and the latest trends. Specific laws covered will include hot-button state construction laws, such as pay-if-paid, indemnification, prompt pay, and notice requirements.