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Tag: construction business: Page 3
Contractor of the Year
This engineer ‘wanted to be the guy.’ So he built a successful construction firm
John Kovacs never thought he was on a path to a career in construction. With an engineering degree from The Citadel and ambitions to work in Manhattan, Kovacs started his career with the Port Authority of New York and New Jersey and entered the agency’s management training program. However, Kovacs’ opinion of contracting changed drastically […]
March 20, 2020
Business
Contractors must provide paid sick, family leave under coronavirus law
A coronavirus response bill signed into law March 18 by President Trump requires all employers with fewer than 500 workers to provide paid sick leave and family care leave. Employers with fewer than 50 workers can file for a hardship exemption with the U.S. Department of Labor. The paid-leave provisions of the law take […]
March 19, 2020
Roadbuilding
Boston, PennDOT halt construction projects due to coronavirus; AGC opposes construction bans
Boston’s mayor has called a halt to construction projects in the city for 14 days in response to the coronavirus outbreak. The announcement comes amid a construction boom in Boston, which has 33 reported cases of COVID-19. The Pennsylvania Department of Transportation has also suspended indefinitely construction projects it oversees. A day after Boston’s announcement, […]
March 18, 2020
Business
Contractors’ optimism about 2020 drops but still strong, Wells Fargo reports
Though contractor optimism is down, 2020 should still be a strong year for nonresidential construction activity. Learn more here on Equipment World.
March 10, 2020
Contractor of the Year
Family’s ‘diversify or die’ attitude grows playground installation business
Jim Davis Jr. awoke to his phone ringing on a Monday morning in 1993. He looked at the clock. It was 6 a.m. “Let’s go,” said his father, Jim Sr., on the other end. “I just graduated college yesterday,” his son replied. “Yeah, now it’s time to go to work.” “He didn’t even give me […]
March 5, 2020
Dealers
PCA, ARA forecasts underline steady-as-she-goes 2020 for construction—with some cautions
The two pillars of the economy — consumer spending and labor markets — remain solid, portending at least a modest growth in 2020, says Ed Sullivan, senior vice president and chief economist, PCA. “As long as you have strength in those, the economy will remain strong and you will see continued moderate economic growth. The […]
February 20, 2020
Business
Contractors optimistic about 2020, predicting growth in all major project types, AGC says
As contractors approach the new year, optimism abounds for 2020’s construction outlook conducted by the Associated General Contractors of America. Any major worries economists may have about the broader economy or specific segments don’t appear to be affecting the construction industry, according to the newly released AGC survey. In survey responses from about 1,000 member […]
December 27, 2019
Business
Ex-controller embezzles $8.7 million from construction firm, goes on classic car spending spree
Apparently a 1969 Ford Shelby GT500 is a necessary addition to contractor’s fleet. Two Shelbys — a convertible and a two door, both valued at $160,000 — were part of the loot purchased by the ex-controller of a construction firm, who set up a residential construction company to bilk Pittsburgh-area Marco Contractors out of $8.7 […]
November 26, 2019
Contractor of the Year
A&A Paving’s best customer bought the whole business; has since built upon a legacy of great service
When Bob Olson started A&A Paving in 1960 he had a goal of running the best little asphalt paving and sealcoating company in the Chicagoland area. With a great work ethic, personable style and innovative practices, Olson earned a cadre of loyal customers for the better part of six decades. But when Olson started thinking […]
November 7, 2019
Safety
Boston drain service owner guilty of manslaughter in trench-collapse deaths
The owner of a Boston drain service company has been found guilty of manslaughter in the death of two of his workers during a 2016 trench collapse in the city. On October 31, Suffolk Superior Court judge determined after an eight-day bench trial that Kevin Otto and his company, Atlantic Drain Service, were guilty in […]
November 4, 2019
Construction Equipment
Vermeer XR2 vacuum excavator combines soft dig with on-site separation
Now that hydro excavation and soft dig are becoming popular as underground contractors seek more ways to avoid utility hits, two basic problems with the process have come to the forefront, says Vermeer. One is dumping the spoils in an approved manner. The other is getting an uninterrupted full day’s service out of a hydrovac truck, […]
October 31, 2019
Business
Construction starts forecast to drop 4% in 2020 according to new Dodge Outlook
Construction starts will fall 4 percent in 2020 in the United States in an “orderly pullback,” but there will be no recession, forecasts Dodge Data & Analytics. The firm’s 2020 Construction Outlook, released today, cites trade fights and a labor shortage as the main causes for the construction decline. The decline, however, will be nothing […]
October 31, 2019
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