ConsensusDocs recently presented a webinar entitled “Managing Subcontractor Default, Bankruptcy, and Owner Insolvency in a Recovering Post Covid-19 Construction Economy.†The webinar, moderated by Phil Beck, a partner in the law firm Smith, Currie, and Hancock LLP, highlighted several steps that construction professionals can proactively take to protect themselves and their projects’ success.
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As previously reported by ذكذكتسئµ, the Infrastructure Investment and Jobs Act (IIJA) includes new Buy America requirements, that could delay infrastructure projects funded by the law. The IIJA provides funding for physical infrastructure like roads, water systems, the electric grid, and more. The new and expanded Buy America requirements apply to all federally funded programs and include manufactured products, like iron and steel, and also construction materials used on projects within those programs.
Accepts Many ذكذكتسئµ Recommendations
On January 24, ذكذكتسئµ, along with other transportation stakeholders, called on congressional leaders to enact a full-year fiscal year 2022 federal government funding bill that will finance all new and increased programs infrastructure investment accounts from the recently enacted Infrastructure Investment and Jobs Act. In December, Congress passed a continuing resolution to fund the federal government through February 18. That extension of existing funding did not include appropriation of funds for many new programs in the November passed infrastructure bill.
Victory for Construction Advocacy Fund-Financed ذكذكتسئµ Lawsuit
ذكذكتسئµ releases full report from its first-ever workforce summit which includes a lengthy catalog of steps firms, educators and ذكذكتسئµ of America chapters are taking to address workforce shortages. It also includes 22 new recommendations summit participants crafted, to help overcome the recruiting, training and retention challenges behind construction workforce shortages. To learn more about the report and the 22 new recommendations, please register for the February 15 webinar on this topic. Click here to register for that event now.
On January 19, ذكذكتسئµ, along with the American Road and Transportation Builders Association (ARTBA) and Signatory Wall and Ceiling Contractors Alliance (SWACCA), submitted comprehensive comments to OSHA reiterating the construction industry’s success in protecting workers throughout the pandemic, while also reminding the agency of the low-risk nature of construction work. The joint comments further detailed how the ETS will exacerbate the workforce shortage for covered contractors, significantly increase construction project costs, and potentially result in delays that will undermine the nation’s economic recovery.