Many banks not yet accepting PPP forgiveness applications
Institutions are waiting for more guidance from the federal government as well as potential legislative action on the Paycheck Protection Program…
COVID-19 Resource Center
Uneven Job Growth in Construction and Manufacturing Reflects Chaotic State Coronavirus Policies
Inconsistent pattern of blue collar job growth in July, particularly in construction and manufacturing, reflects the patchwork of state pandemic control policies…
Banks went all in on construction lending in Q2, despite delinquencies
U.S. banks opened their nonresidential construction lending spigots even wider in the second quarter, despite delinquencies on outstanding loans hovering at a higher level than any point in 2018 or 2019…
What contractors need to know about the payroll tax deferral program
The onus to collect and pay back deferred payroll taxes, under guidance the IRS has released on President Trump’s executive order, falls on employers…
The COVID-19 conundrum: Money is available for new construction projects, but few are breaking ground
Even in a coronavirus-challenged environment, there’s money available to build new projects; what’s rare is finding an owner who is willing to break ground…
Study finds COVID-19 protocols led to a 7% loss on construction projects
A new study confirms and quantifies what contractors across the country already know: Implementing COVID-19 safety preparations and protocols at jobsites has led to a decline in productivity, which is eating into their profits…
Tech-Driven Strategies To Keep Construction Projects On Schedule During The Pandemic
According to the Associated General Contractors of America, the construction industry is among the largest in the U.S., creating approximately $1.3 trillion worth of structures…
OSHA’s new COVID-19 investigations, silica guidance
OSHA has been fairly aggressive about updating the construction industry about how employers should respond to actual and suspected cases of COVID-19 and how it will enforce…
AICPA and CPA.com provide PPP loan forgiveness tool
The American Institute of CPAs and its business and technology arm, CPA.com, have released a Paycheck Protection Program (PPP) loan forgiveness platform, PPPForgivenessTool.com, which automates the forgiveness process for small business owners who have received funds from the PPP…
Monthly Construction Input Prices Rise in June, Says ABC
Construction input prices rose 2.2% in June, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose by 2.3% for the month…
