flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover

Market Data

Senate Republicans' coronavirus relief measure includes provisions that will help hard-hit construction firms recover

The HEALS Act includes essential liability, workforce, financial & unemployment reforms, but association will work to get needed infrastructure investments included in final relief measure.


By AGC | July 28, 2020

Courtesy Pixabay

The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of Senate Republican’s latest coronavirus relief measure, the Heals Act:

“Senate Republicans have crafted a relief measure that includes a number of vital provisions that will allow hard-hit construction firms to begin rebuilding their businesses and payrolls. Among the most promising of these provisions are liability reforms so construction firms that are protecting workers from the coronavirus will not be subjected to needless litigation. The proposal also includes important improvements to the Paycheck Protection Program and a much-needed expansion of the Employee Retention Tax Credit, both of which will help protect construction jobs.

“The measure also takes a more thoughtful approach than the existing federal unemployment insurance benefit by protecting unemployed workers without creating artificial barriers to returning people to good-paying jobs in sectors like construction. And the ambitious workforce development provisions in this measure have the potential to help millions of unemployed prepare for new careers in middle-class professions like construction.

“The measure is not without flaws, however. Most troubling is the virtual lack of funding for new infrastructure improvements. State transportation officials are coping with a $37 billion funding shortfall, declining revenues and the uncertainty that comes with the September 30 expiration of the existing highway and transit law. Additionally, public school, health and broadband infrastructure need federal investment to meet the challenges of operating during and after the pandemic. Ultimately, such new investments are essential to sustaining and rebuilding the American economy, which is why we will work to ensure they are ultimately included in a final relief measure.

“This proposed measure includes many provisions that will help the construction industry and the broader American economy. Combined with new infrastructure funding, it will help workers and employers avoid further economic harm. That is why we will work with leaders in both parties and both houses to see a final, fuller, measure enacted as quickly as possible.”

Related Stories

Market Data | Feb 2, 2022

Majority of metro areas added construction jobs in 2021

Soaring job openings indicate that labor shortages are only getting worse.

Market Data | Feb 2, 2022

Construction spending increased in December for the month and the year

Nonresidential and public construction lagged residential sector.

Market Data | Jan 31, 2022

Canada's hotel construction pipeline ends 2021 with 262 projects and 35,325 rooms

At the close of 2021, projects under construction stand at 62 projects/8,100 rooms.

Market Data | Jan 27, 2022

Record high counts for franchise companies in the early planning stage at the end of Q4'21

Through year-end 2021, Marriott, Hilton, and IHG branded hotels represented 585 new hotel openings with 73,415 rooms.

Market Data | Jan 27, 2022

Dallas leads as the top market by project count in the U.S. hotel construction pipeline at year-end 2021

The market with the greatest number of projects already in the ground, at the end of the fourth quarter, is New York with 90 projects/14,513 rooms.

Market Data | Jan 26, 2022

2022 construction forecast: Healthcare, retail, industrial sectors to lead ‘healthy rebound’ for nonresidential construction

A panel of construction industry economists forecasts 5.4 percent growth for the nonresidential building sector in 2022, and a 6.1 percent bump in 2023.

Market Data | Jan 24, 2022

U.S. hotel construction pipeline stands at 4,814 projects/581,953 rooms at year-end 2021

Projects scheduled to start construction in the next 12 months stand at 1,821 projects/210,890 rooms at the end of the fourth quarter.

Market Data | Jan 19, 2022

Architecture firms end 2021 on a strong note

December’s Architectural Billings Index (ABI) score of 52.0 was an increase from 51.0 in November.

Market Data | Jan 13, 2022

Materials prices soar 20% in 2021 despite moderating in December

Most contractors in association survey list costs as top concern in 2022.

Market Data | Jan 12, 2022

Construction firms forsee growing demand for most types of projects

Seventy-four percent of firms plan to hire in 2022 despite supply-chain and labor challenges.

boombox1
boombox2
native1

More In Category


Contractors

Nonresidential construction spending decreased 0.2% in June

National nonresidential construction spending declined 0.2% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $1.21 trillion. Nonresidential construction has expanded 5.3% from a year ago.



Construction Costs

Data center construction costs for 2024

Gordian’s data features more than 100 building models, including computer data centers. These localized models allow architects, engineers, and other preconstruction professionals to quickly and accurately create conceptual estimates for future builds. This table shows a five-year view of costs per square foot for one-story computer data centers. 

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021