Rosalie DiFlora and Brian Lewis | Jackson Lewis The U.S. Department of Labor’s (DOL) Updating the Davis-Bacon and Related Acts Regulations final rule includes hundreds of pages of changes to the Davis-Bacon and Related Acts (DBRA) standards and is estimated to impact over 1 million construction workers. The final rule will go into effect on October 23,… Continue reading Labor Department’s Davis-Bacon Act Final Rule: Changes for Federal Contractors
Month: September 2023
Construction Litigation Roundup: “Sudden Death”
Daniel Lund III | Phelps Dunbar It’s not football, though. Rather, just when you thought it was safe in Louisiana to wait to file a garden-variety construction contract payment claim, an appellate court slams the door on it – applying a statute of “repose” to your claim. “Personal actions” – such as an action on… Continue reading Construction Litigation Roundup: “Sudden Death”
Extreme Weather Events Show Why the Construction Supply Chain Needs a Risk-Management Transformation
Brad Barth | Construction Executive A perfect storm of recent extreme weather events has exposed the fragility of North America’s construction supply chains amid an increasingly fluctuating, fast-changing risk landscape. Supply chains that were already reeling from resurgent demand for raw materials coming out of the pandemic have been further disrupted by major storms such… Continue reading Extreme Weather Events Show Why the Construction Supply Chain Needs a Risk-Management Transformation
Technology: Construction’s Next Frontier
Romy Maunz | Construction Executive While construction remains the largest industry in the global economy, accounting for 13% of the world’s GDP, the annual productivity growth has been relatively flat. The profitability is low, with around a 3-5% EBIT margin, with 98% of all megaprojects running over budget and over schedule. The building construction sector is rarely… Continue reading Technology: Construction’s Next Frontier
Liquidated Damages Disproportionate to Actual Damages Deemed Unenforceable
John Mark Goodman | BuildSmart Construction contacts often include provisions that provide for pre-determined or “liquidated” damages in the event of a breach. Such provisions can provide certainty to the parties as to the consequences of a breach and can simplify the task of proving up damages at trial. However, as one contractor found out… Continue reading Liquidated Damages Disproportionate to Actual Damages Deemed Unenforceable