The industry is facing unprecedented price swings and supply shortages that has made the risky business of construction even more unpredictable. There is no magic bullet, but a price escalation clause and other legal remedies are the first thing you should look to. Click here to sign up for this timely webinar to understand how a price escalation clause can provide equitable relief for owner and contractors alike.
Construction Law
October 1, 2021
September 29, 2021
Apply by Wednesday, October 20, 2021!
May 19, 2021
April 1, 2021
The infrastructure investment included in the Biden Infrastructure Plan would be funded through a variety of broad tax increases, primarily aimed at multinational corporations, but that would also impact domestic C-corporations, including some construction firms. Increased taxes on pass-through businesses, individual tax rates, estate taxes, capital gains taxes, and payroll taxes, are expected in the next “human infrastructure” package to be released in the near future. The primary funding mechanism would be to increase the corporate tax rate from the current 21% rate to 28%.
April 1, 2021
President Biden’s $2 trillion infrastructure plan includes new workforce investments, labor preferences and the PRO Act. The overall labor intent of the plan is to prioritize the construction investments are made with union labor. And, the Administration hopes to do just that with including the PRO Act in its plan.
March 9, 2021
Late last week, the Associated General Contractors of America (AGC) continued its campaign to persuade the U.S. Small Business Administration (SBA) to change the way it decides whether to forgive Paycheck Protection Program (PPP) loans of over $2M. The specific target of AGC’s campaign is a Loan Necessity Questionnaire that has greatly surprised and frustrated the borrowers of such loans, as they now seek forgiveness of them.
March 4, 2021
ConsensusDocs is pleased to announce that Fox Rothschild LLP has joined as a contributor to the ConsensusDocs Construction Law Newsletter, which is one of the mostly widely distributed and used construction law resources in the industry.
“We are thrilled to be able to bring timely, relevant news to contractors, specialty contractors and construction insurance professionals through this leading industry newsletter,” said Dirk D. Haire, co-chair of the nationwide Construction Law Group at Fox Rothschild LLP.
January 4, 2021
Association Weighs Legal Options
December 17, 2020
Association Continues to Push for Changes to Form Itself
July 7, 2020
Together, AGC of America and its Michigan Chapter have extended the association’s long string of successful efforts to establish that the commercial general liability insurance (CGL) policy sold to construction contractors across the United States does provide coverage for property damage resulting from unexpected and unintended defects in a subcontractor’s workmanship (unless one of the policy’s specific exclusions applies). On June 29, 2020, the Michigan Supreme Court became the latest of many state supreme courts to agree that such damage is an “occurrence.”
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