Browse by Date - 202103

On March 15, the Securities and Exchange Commission (SEC) released a notice for public input on its current recommendations for disclosing climate risks and how it could change or supplement that process in the future.  The Commission currently relies on its 2010 guidance to help entities understand how to identify and report on climate risks that could impact investors.  Now, the SEC faces considerable pressure to revisit and expand the guidance to include more on material risks and environmental, social, and governance (ESG) factors.  The SEC is asking for feedback on 15 topics associated with the regulation of climate disclosures---including how the rules should address private companies’ climate disclosures.

On March 31, President Joe Biden released the American Jobs Plan, a $2 trillion, wide-ranging infrastructure proposal that seeks to invest in all modes of transportation, water, electric, broadband, public buildings, manufacturing, and much more. On the transportation front, Biden is proposing $621 billion in “additional” investment, including:

Employers Have from April 26 Until July 19 to Submit Component 1 Data

After delaying the opening of the 2019 EEO-1 Component 1 Data Collections on May 8, 2020 in light of the COVID-19 public health emergency, the U.S. Equal Employment Opportunity Commission (EEOC) has announced that the collections will now open on Monday, April 26, 2021.

The U.S. Department of Labor’s (DOL) Office of Federal Contract Compliance Programs (OFCCP) recently announced the Vietnam Era Veterans’ Readjustment Assistance Act (VEVRAA) hiring benchmark for 2021. Effective March 31, 2021, the hiring benchmark will be 5.6 percent, slightly down from 5.7 percent in 2020.  This benchmark is an annual goal for the percentage of hires who are veterans at each affirmative action plan (AAP) establishment

Every week brings new reports of materials costs hitting record highs, while lead times lengthen or become ever more uncertain. 

The Nevada Chapter Construction Leadership Council (CLC), founded in 2013, fulfills the need to cultivate the next generation of leaders in the construction industry. CLC provides an opportunity for members to network, develop leadership skills, serve their community, and exchange ideas about the industry and challenges they face as mid-career professionals.  Although the pandemic made it nearly impossible to conduct any in-person events or meetings, we managed to make magic happen!

AGC of America has released an analysis of how the Protecting the Right to Organize Act of 2021 (PRO Act) would affect open-shop construction contractors, as well as a shorter summary on the same topic.  The papers are posted on AGC’s PRO Act web page along with similar papers addressing the bill’s potential impact on union contractors, an AGC ConsructorCast recording, and other PRO Act resources.

President Biden is expected to put forth his proposal for a multi-trillion investment in infrastructure on March 31. The proposal is expected to include significant investments in a broad range of construction projects including roads, bridges, public transit, airports, drinking water and wastewater, schools, renewable energy, broadband and more. In addition to physical infrastructure, proposal is anticipated to include significant investments in “human infrastructure,” including but not limited to free community colleges, universal pre-kindergarten and paid family leave.

Transportation Secretary Buttigieg Testifies 
Lays Out Bold Vision for Infrastructure Investment

Announcing June Agenda for AGC's 2021 Surety Bonding and Construction Risk Management Conference

Join your fellow leaders in the construction, surety and insurance industries for engaging educational sessions and candid discussions of common interests and your respective strengths and weaknesses. Check out this year's schedule.