According to the U.S. Census Bureau of the Department of Commerce, total construction spending for August 2014 was estimated at a seasonally adjusted annual rate of $961.0 billion. This rate is down 0.8 percent from the revised July estimate of $968.8 billion, but is 5.0…
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Even experienced general contractors and subcontractors can make a mistake in calculating their price to furnish labor and materials to a project. The starting presumption is that the risk of such a mistake is on the bidder and the bidder bears the costs of its…
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The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for August 2014. According to the data, building permits for privately-owned housing units in August were at a seasonally adjusted annual rate of 998,000, down 5.6…
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According to the U.S. Census Bureau of the Department of Commerce, total construction spending for July 2014 was estimated at a seasonally adjusted annual rate of $981.3 billion. This rate is up 1.8 percent from the revised June estimate of $963.7 billion, and is 8.2…
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I frequently hear people misuse the term “fraud” in conversation. It is easy for many people to assume that a fraud is being committed when they feel lied to, cheated or betrayed. When does a lie turn into fraud and how can you tell the…
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The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for July 2014. According to the data, building permits for privately-owned housing units in July were at a seasonally adjusted annual rate of 1,052,000, up 8.1…
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According to the U.S. Census Bureau of the Department of Commerce, total construction spending for June 2014 was estimated at a seasonally adjusted annual rate of $950.2 billion, dropping by 1.8 percent from the revised May estimate of $967.8 billion. Compared to a year ago,…
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On August 2, 2013, the Council of the District of Columbia, along with the Mayor of the District of Columbia, enacted legislation known as the “Private Contractor and Subcontractor Prompt Payment Act of 2013” (the “Act”). The Act has an effective date of November 5,…
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The U.S. Census Bureau and the Department of Housing and Urban Development have recently announced new residential construction statistics for June 2014. According to the data, building permits for privately-owned housing units in June were at a seasonally adjusted annual rate of 963,000, down 4.2…
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According to the U.S. Census Bureau of the Department of Commerce, total construction spending for May 2014 was estimated at a seasonally adjusted annual rate of $956.1 billion. This rate is a slight increase of 0.1 percent from the revised April estimate of $955.1 billion. …
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