Construction Contractors Association

Construction Contractor Insurance Trends and Tips

May 16, 2024

Last updated on June 12th, 2024Recent years saw surges in the cost of different types of insurance due to inflation, interest rates, the skilled labor market (or lack thereof), supply chain issues, and an increase in lawsuits and related six, seven, and eight-figure awards. While a couple of sources indicate

Why Succession Planning in the Construction Industry Is Imperative

April 16, 2024

Last updated on June 12th, 2024Succession planning is a critical strategic process that ensures business continuity in the event of a leadership change. It is a proactive approach that involves identifying and developing potential leaders who can replace key roles when they become vacant. This process is crucial in every

Resolve to Strengthen Your Bidding Process in 2024

November 1, 2023

Last updated on February 20th, 2024Creating winning project bids is a science onto itself. Do it right and you open up opportunities to maintain or enhance your business’ profitability (pending actual performance on-the-job). The secret is to not forget to invest the time and attention to show the buyer why

Real Estate Markets: Which Way Will They Go?

February 22, 2023

Last updated on February 20th, 2024While I originally set out to write about interest rates and inventory, research into the housing and commercial real estate markets left me feeling that there are a lot of mixed messages out there, and that’s probably because there are. With so many different ways

General Contractors Face New Liability Scrutiny for Wage Theft by Subcontractors

December 1, 2022

Last updated on February 3rd, 2023The New Year brings with it new opportunities for growth, new projects to begin, and also, new laws to follow. In 2021, New York State passed legislation that went into effect earlier this month, which shifts liability to general contractors for wage theft cases on

Examining 179D Deductions through the Eyes of the IRS

November 15, 2022

Last updated on February 2nd, 2023If you are looking to take a 179D Deduction as the official designer of a government-owned property or a commercial property owner, take note! Recently, the IRS Large Business and International (LB&I) Division released an updated its training with guidelines for IRS staff to perform

Why You Need to Update Your Cybersecurity Now

April 8, 2022

Last updated on February 2nd, 2023The war in Ukraine is closer than you think. Recently, the White House warned malicious attacks could be just a few keystrokes away, making it critical for local governments to close their digital doors, put their shields up, and protect people, data, and infrastructure from

Understand the Reporting Change to Leases Before 2021 Ends

September 1, 2021

Last updated on February 3rd, 2023As a part of daily operations, most contractors have leased vehicles, buildings, trucks, construction equipment or other items to keep costs down and business running smoothly. Did you know that, in a matter of months, your leases will be accounted for differently due to the