Construction businesses today do not have the margins to write-off cost overruns or unpaid contract balances as they could have in the past when there were more projects and higher profits. More parties are willing to fight for the last dollar. These disputes can add up, and the attorney’s fees can be disproportionately large. Without a compromise or other alternative, construction businesses must proceed with litigation and hope to manage attorney’s fees so they do not approach -- or exceed -- the amount in dispute. But there are other options. The American Arbitration Association, or AAA, and JAMS, the “Resolution
The economy is getting better and hopefully you’ve mostly survived the bloodbath that has been the last year. Most businesses have used this time to “trim the fat,” “refocus,” and “expand their expertise.” I was recently asked by a job seeker about what he could do to make himself more marketable. The reality is, at least in most firms, that there aren’t going to be a lot of jobs for a while. My firm has reduced everyone to four-day work weeks. So, even if the economy does completely rebound, we’ve got a built-in ability to expand our workforce 20% without
Related Links: In November, Value of New Contracts Fell 32% in North Carolina BJAC Awarded Contracts with UNC-Wilmington, UNC Hospitals PCL Construction Donates $10,000 to Second Harvest of Metrolina The value of new South Carolina contracts signed in November for future construction fell by just 2%, compared to the same period of a year ago, for a monthly total of about $521.9 million. The nonresidential sector declined the most, dropping by 17% to tally $155.3 million. The residential sector also fell, by 4%, for a total of roughly $224.8 million. The nonbuilding sector surged by 25%, however, to total $141.9
Related Links: Value of Georgia’s New Contracts Fell 24% in November CONRAC Opens at Hartsfield-Jackson Atlanta International Airport Benning Construction to Build New Community Center Terminus 200 Awarded LEED CS Gold Certification A design/build team that consists of Melbourne, Fla.-based BRPH Architects-Engineers and Lifecycle Construction Services of Washington, D.C., was awarded an $11.5-million contract for an 88,000-sq-ft Readiness Training Center at Fort Gillem. The facility will house several units of the Georgia National Guard and will include administrative offices, training areas and storage buildings. Antiterrorism measures and sustainable design features will be included, with a goal of LEED Silver certification.
Related Links: Value of New Florida Contracts Increased 10% in November Willis A. Smith to Expand Ringling Museum, Rebuild Booker High Martin Marietta to Build Aggregates Terminal at Port Manatee Miami’s Master Plan Named AIA “Urban Design of the Year” Zyscovich Designing New Miami Dade College Classroom Facility FaverGray Awarded Four New Projects SIKON Construction of Deerfield Beach is building a 13,800-sq-ft Blue Bell Creameries Distribution Center in Delray Beach. The panelized steel structure was designed by Gresham, Smith and Partners of Birmingham, Ala. The project is slated for completion at the end of 2010.
Related Links: Value of New Florida Contracts Increased 10% in November Martin Marietta to Build Aggregates Terminal at Port Manatee Miami’s Master Plan Named AIA “Urban Design of the Year” SIKON Construction to Build Distribution Center in Delray Beach Zyscovich Designing New Miami Dade College Classroom Facility FaverGray Awarded Four New Projects Sarasota-based Willis A. Smith Construction has been hired to handle the expansion of the Circus Museums at the John and Mable Ringling Museum of Art in Sarasota. The expansion will add 24,475 sq ft to the existing Circus Museum’s Tibbals Learning Center. This addition will include 12,000 sq
Related Links: Value of New Florida Contracts Increased 10% in November Willis A. Smith to Expand Ringling Museum, Rebuild Booker High Martin Marietta to Build Aggregates Terminal at Port Manatee Miami’s Master Plan Named AIA “Urban Design of the Year” SIKON Construction to Build Distribution Center in Delray Beach Zyscovich Designing New Miami Dade College Classroom Facility Construction manager FaverGray of Jacksonville has been awarded four new construction projects in Florida, Georgia and South Carolina, for a combined total contract value of $23.2 million. In Gainesville, Fla., FaverGray is building two projects: the Estates at Sorority Row, a 28-unit, 48,154-sq-ft
Related Links: Willis A. Smith to Expand Ringling Museum, Rebuild Booker High Martin Marietta to Build Aggregates Terminal at Port Manatee Miami’s Master Plan Named AIA “Urban Design of the Year” SIKON Construction to Build Distribution Center in Delray Beach Zyscovich Designing New Miami Dade College Classroom Facility FaverGray Awarded Four New Projects McGraw-Hill Construction, publisher of Southeast Construction, reported that the value of new Florida contracts signed in November for future construction improved by 10% overall, compared to the same period of a year ago. The total of all new contracts was nearly $1.7 billion, compared to the roughly
Related Links: Danis Building Acquires R.N. Rouse & Co. of N.C UF Team Wins Regional Construction Management Competition DPR Construction’s Atlanta Office Donates $40,000 to Boys & Girls Clubs MasTec to Acquire Precision Pipeline Burnham Institute Certified LEED Gold Atlanta-based Hardin Construction Co. announced it has reached an agreement to acquire selected assets of Tampa-based Mathews Construction. According to the companies, Mathews Construction will continue operating under the Mathews name, as a division of Hardin. “We are extremely excited to bring Mathews into the Hardin fold, as we view the merger as favorable to both firms' growth," said Hardin Chairman
Related Links: Hardin Construction to Merge with Mathews Construction of Tampa Danis Building Acquires R.N. Rouse & Co. of N.C UF Team Wins Regional Construction Management Competition DPR Construction’s Atlanta Office Donates $40,000 to Boys & Girls Clubs Burnham Institute Certified LEED Gold Coral Gables, Fla.-based specialty contractor MasTec announced that it has signed a definitive agreement to acquire Precision Pipeline of Eau Claire, Wis., a natural gas, crude oil and refined products transmission pipeline infrastructure services provider, for approximately $150 million. According to MasTec, the deal is subject to certain purchase price adjustments and an earnout. The transaction is
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