Republican presidential candidate Mitt Romney energized a crowd of construction industry executives by promising to undo much of the regulatory and labor initiatives of the Obama administration, during a speech Thursday in front of members of the Associated Builders and Contractors Inc. in Phoenix. Just hours later, ABC announced its endorsement of Romney's candidacy during its board of directors meeting. Photo courtesy ABC Romney won the endorsement of the Associated Builders and Contractors following his address to the group's board of directors on Thursday in Phoenix. Romney, who had sparred the night before with Republican primary opponents at the party’s
Recently, I have had a number of calls from general contractor clients complaining that one or more of their subcontractors have gone broke, leaving a bunch of unpaid suppliers. So what do they do? There are two possible solutions that might work if their owners have personal wealth or the subcontractors are corporations or limited liability companies. It may then be possible to prove (1) that the owners used payments made to their companies for something other than the payments to their suppliers, or (2) that their companies were not properly organized or maintained separate and apart from themselves.The first
HealthSouth Corp., Birmingham, Al., has acquired land in Phoenix and plans to construct a new 48,000-sq-ft inpatient rehabilitation hospital. Located at the intersection of N. 91st and Pinchot avenues, construction is expected to begin at the site in the fourth quarter, with completion by the third quarter of 2013. Image courtesy HealthSouth The new 48,000-sq-ft rehabilitation hospital is expected to be completed by third quarter 2013. Image courtesy HealthSouth Similar to HealthSouth's Mesa hospital completed in 2009, the Phoenix facility will include specialized rehabilitation programs using advanced technology to help patients recover from major injuries and surgeries. Plans for the
A federal judge in New Mexico has ruled in favor of plaintiffs who contended that the portions of the 2007 Albuquerque Energy Conservation Code are preempted by federal law. The Jan. 25 decision by U.S. District Judge Martha Vazquez essentially rejected the city’s attempt, through its building code, to impose heating, ventilating and air conditioning equipment-efficiency standards in commercial, multi-family and single-family residential buildings that are more stringent than federal standards. The lawsuit was filed on Sept. 30, 2010 by a group led by the Air Conditioning, Heating and Refrigeration Institute. In another move late last year, the Albuquerque city
Southern Nevada’s long simmering plans for a sports arena took a step forward with a funding pact that could see the $650 million, 17,500-seat Silver State Arena break ground this summer. A memorandum of understanding between United Arab Emirates-based International Development Management and Shenzhen, China-based China Security & Surveillance Technology (CSST) was unveiled Feb. 10, calling for CSST, with support from its Chinese banking partners, to fully fund construction of a 750,000-sq-ft sports arena in Henderson, about 12 miles south of Las Vegas. The deal covers only the indoor arena portion of a potential $1.3-billion project that calls for a separate
Broomfield’s sixth charter school—Prospect Ridge Academy—recently opened its 45,000-sq-ft school building in North Park at the northwest corner of Preble Creek Parkway and Sheridan Parkway, immediately adjacent to the Anthem residential community, one of the fastest growing communities in Colorado. North Park, a 935-acre mixed-use community developed by Loveland-based developer McWhinney, is located just west of I-25 and Highway 7—a major growth corridor along the Front Range. Photo courtesy of McWhinney Prospect Ridge Academy, a new public Adams 12 district-approved Core Knowledge charter school, offers a rigorous college-preparatory curriculum, with a math and science focus. Prospect Ridge Academy is the
Construction manager/general contractor Pinkard Construction Co., Lakewood, working with Parikh Stevens Architects, Denver, has completed renovation of the 192,000-sq-ft Westwood Homes for the Denver Housing Authority. Photo courtesy of Pinkard Construction Co. Pinkards project at 855 Irving St. included partial renovations and small additions to 184 townhomes in 23 buildings where the upgrades are expected to provide a 15% decrease in energy consumption. The $13.1-million project at 855 Irving St. included partial renovations and small additions to 184 townhomes in 23 buildings, plus one building renovation for Catholic Charities’ Headstart program at the same location. Work on this 1950s two-story
Green homes comprised 17% of the overall residential construction market in 2011 and are expected to grow to between 29% and 38% of the market by 2016. By value, this equates to a five-fold increase, growing from $17 billion in 2011 to $87-$114 billion in 2016, based on the five-year forecast for overall residential construction, according to recently released study from McGraw-Hill Construction. The “Green Home Builders and Remodelers Study” was released at the recent National Association of Home Builders International Builders’ Show in Orlando. According to the research, construction industry professionals report an even steeper increase in green-home remodeling;
Horror stories about identity theft have made us vigilant about protecting our credit cards, Social Security numbers and other personal information. But in our rush to protect personal information, we cannot ignore the growing threat of corporate identity theft. Stealing a company’s identity and using it to deliberately perpetrate fraud can cost millions and devastate an otherwise healthy, growing company. Identity theft has always been a risk, but the frequency and severity of corporate identity theft have been on the rise as technology overtakes every aspect of business. Wireless networks, smart phones, cloud computing and social media have all added
Even though the professional liability marketplace has expanded greatly in recent years, construction project owners still have few cost-effective alternatives offered on a project-specific basis. The first and most recognized options often insure only the design team and will merely add the owner as an “indemnified party.” They do not provide the “insured” status that many firms may want if they were to pay the premium on a project professional liability policy. Unfortunately, there are few carriers currently offering project professional liability coverage for large construction projects not in some way related to corporate or practice insurance programs; other carriers
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