August 02, 2019 | The Legal Intelligencer
Private Construction Businesses Could Have More Time to Follow New Lease StandardsPrivate companies are likely to get a year-long reprieve from implementing new standards that will significantly change how leases are presented on financial statements, bringing a sigh of relief for many in the construction industry (and plenty of others) who may have been slow to adhere to the coming, potentially disruptive changes.
By Joshua Lorenz
6 minute read
May 31, 2019 | The Legal Intelligencer
The Potential (and Potential Pitfalls) of Blockchain in the Construction IndustryBlockchain, essentially a digital and distributed record of data, already is innovating the supply chain and financial sectors. Now, in what might not at first seem like a natural fit, it has the largely unrealized potential to make a big mark on the construction industry.
By Brandon Rothey and Joshua Lorenz
6 minute read
November 21, 2018 | The Legal Intelligencer
Five Steps to Take Before Using Drones at a Construction SiteThe use of drones, or unmanned aerial vehicles, has exploded in popularity, with the Federal Aviation Administration estimating that by 2020 there will be around seven million drones sold for hobbyist or commercial use—a nearly threefold increase from 2016.
By Joshua Lorenz
7 minute read
August 01, 2018 | The Legal Intelligencer
Significant Changes to Pennsylvania's CASPA Coming SoonIt's not often that construction contract statutes are changed in Pennsylvania, so it was notable when Gov. Tom Wolf on July 12 signed legislation to amend the Contractor and Subcontractor Payment Act (CASPA).
By Joshua Lorenz
3 minute read
June 12, 2018 | FC&S Insurance
All Builder’s Risk Insurance Policies Are Not Created EqualMost construction contracts require project leaders to obtain builder’s risk insurance—in fact, it’s become standard practice within…
By Joshua Lorenz and Craig Ream
6 minute read
June 07, 2018 | The Legal Intelligencer
All Builder's Risk Insurance Policies Are Not Created EqualMost construction contracts require project leaders to obtain builder's risk insurance—in fact, it's become standard practice within the industry over the years.
By Joshua Lorenz and Craig Ream
1 minute read
January 29, 2018 | The Legal Intelligencer
How to Cope With Construction Industry Labor ShortagesThe United States is on the precipice of a massive skilled labor shortage, according to the 2017 Commercial Construction Index. Compiled by USG Corporation and the U.S. Chamber of Commerce, the survey revealed “steady optimism from contractors about revenue forecasts and their backlog of work, yet concerns about the availability, training and cost” of hiring skilled workers in 2018.
By Joshua Lorenz
7 minute read
November 30, 2017 | The Legal Intelligencer
The Construction Industry and Medical Marijuana Use in PennsylvaniaIn April 2016, Gov. Tom Wolf signed Pennsylvania's medical marijuana program into law, adding the commonwealth to a list of 24 U.S. states with similar statutes. Though this program represents a step in the fight for access to more extensive pain management therapies, it also causes confusion among employers that are now required to abide by this new law.
By Joshua Lorenz and Elaina Smiley
6 minute read
August 22, 2017 | The Legal Intelligencer
Construction Could Be the Next Target for CyberthreatsCybersecurity has taken center stage in the news recently, following several devastating attacks on local and foreign entities. However, while the risks may seem to be at an all-time high for companies looking to protect critical data, some industries are reluctant to adapt, rendering them vulnerable for future breaches.
By Joshua Lorenz and Michael Monyok
7 minute read
July 13, 2017 | The Legal Intelligencer
Navigating Changes to Pennsylvania's Mechanics' Lien LawActions taken by state legislators more than two years ago are now beginning to impact major private construction projects across Pennsylvania.
By Joshua Lorenz
12 minute read
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