On June 22, AGC along with over 100 other trade associations voiced their strong opposition to any attempts to roll back the 20 percent deduction for pass through businesses—S-corps, partnerships, limited liability companies—enacted in the Trump tax cuts under Section 199A of the federal tax code.
Building
July 22, 2021
The U.S. Department of Labor has announced a Notice of Proposed Rulemaking to establish standards and procedures to implement and enforce Executive Order 14026, “Increasing the Minimum Wage for Federal Contractors,” signed by President Biden on April 27, 2021.
July 22, 2021
On July 16, AGC submitted regulatory comments on the U.S. Treasury Department's interim final rule governing how state, local, territorial and Tribal governments can spend $350 billion from a COVID-relief fund established under President Biden's $1.9 trillion COVID-19 relief law: the American Rescue Plan Act.
July 21, 2021
According to the latest Contractor Compensation Quarterly (CCQ) published by PAS, Inc., contractors are projecting 2021 construction staff wages to increase an average of 3.23%, as reported by over 300 companies in the 38th edition of the Construction / Construction Management Staff Salary Survey. For pay increase comparison, according to the WorldatWork, across all industries exempt professionals saw 2020 actual increases of 2.9% and they are projecting 2021 increases of 2.9%. For construction WorldatWork reported a 3.4% increase in 2020 and are projecting 3.3% for 2021.
July 21, 2021
AGC’s National Construction Industry Workforce Summit to Take Place on Oct. 13
Registration is now open for the 2021 Construction HR and Training Professionals Conference to be held October 14-15, 2021, in St. Louis, Missouri.
July 21, 2021
U.S. Immigration and Customs Enforcement (ICE) recently announced an extension of the flexibilities in rules related to Form I-9 compliance that was initially granted last year. Due to the continued precautions related to COVID-19, the Department of Homeland Security (DHS) will extend this policy until Aug. 31, 2021.
July 21, 2021
The Pension Benefit Guaranty Corporation (PBGC) has issued an interim final rule implementing the special financial assistance provisions of the American Rescue Plan Act (ARPA) to assist financially troubled multiemployer pension plans. (Click here for more background on ARPA’s multiemployer pension provisions.)
July 19, 2021
Negotiators conducting collective bargaining between January and June of this year agreed to raise construction craft workers’ wage and fringe benefits by an average of 2.6 percent or $1.57 during the first contract year, according to the Construction Labor Research Council’s (CLRC) latest Settlements Report. This compares to 2.8 percent or $1.58 for the same period in 2020 and 2.8 percent or $1.62 for all of 2020.
July 16, 2021
Construction employment in June remained below the levels reached before the pre-pandemic peak in February 2020 in 39 states, according to an analysis by the Associated General Contractors of America of government employment data released today.
July 16, 2021
In part two of this series, we explore how artificial intelligence (AI) can streamline critical construction project workflows by automating time-consuming and repetitive processes like building a submittal log and tracking changes to specs over the course of a project. Bryan Rumple of Mortenson and Sameer Merchant of Autodesk Construction Solutions discuss document management challenges and how AI technology can improve productivity and reduce project risk.
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