US lawmakers Earmark $10B for Military Construction
As reported by editor Kim Slowey, Construction Dive
...federal lawmakers have earmarked $10.3 billion for military construction projects, according to the Associated General Contractors of America...."
Legislative Update - September 6, 2018
Understanding Revenue Recognition Roadblocks for Contractors
Writtene by by Mike Luker, CPA from the CPA & Business Advisory Blog of Skoda Minotti.
The new standard includes a comprehensive “five-step” process that an entity should consider when assessing revenue recognition on its contracts. Those five steps consist of.."
SBA Announces Decrease in Surety Bond Guarantee Fees
September 04, 2018 press release from U.S. Small Business Administration
The U.S. Small Business Administration announces the first fee decrease in Surety Bond Guarantees in 12 years."
Mayor Frank Jackson to Change State of The City Format in Hopes of Reaching More People
By Robert Higgs, cleveland.com
Three other major differences are planned for this year's address, which is scheduled for 7 p.m. on Oct. 10 at Public Hall across from City Hall."
Contractors Seek Pension Reform Legislation
On August 13, 2018, eight national construction employer associations submitted a joint letter to Senators Orrin Hatch and Sherrod Brown, Chairmen of the Congressional Committee tasked with finding solutions to maintain the health of multi-employer pension plans.
Contractors Emphasized the Following
Legislative Update - August 3, 2018
CEA Legislative Update August
The legislature is on summer recess as members are back in their districts many of which are running for reelection this year. Their break may be a bit shorter as the Ohio Senate has a tentative session date scheduled for August. The Ohio House also has tentative...
State Bill Could Give Big Projects Sizable Jolt
As reported by Crain's Cleveland Business' Jay Miller government reporter.
HB 469 would authorize a new tax credit of as much as 10% of the development cost of what the legislation calls "transformational mixed-use developments."
Beige Book Comments Relevant to US Construction to Ohio and Fourth Reserve District
The “Beige Book” is a compilation of informal soundings of business conditions in each of the 12 Federal Reserve Districts, which are referenced by the name of their headquarters cities. The latest Beige Book (https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm), issued July 18, is based on information collected...