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 | Mar 22, 2017

After a strong year, construction industry anxious about Washington’s proposed policy shifts

Impacts on labor and materials costs at issue, according to latest JLL report. 

Market Data | Mar 22, 2017

Architecture Billings Index rebounds into positive territory

Business conditions projected to solidify moving into the spring and summer.

Market Data | Mar 15, 2017

ABC's Construction Backlog Indicator fell to end 2016

Contractors in each segment surveyed all saw lower backlog during the fourth quarter, with firms in the heavy industrial segment experiencing the largest drop.

Market Data | Feb 23, 2017

Entering 2017, architecture billings slip modestly

Despite minor slowdown in overall billings, commercial/ industrial and institutional sectors post strongest gains in over 12 months.

Market Data | Feb 16, 2017

How does your hospital stack up? Grumman/Butkus Associates 2016 Hospital Benchmarking Survey

Report examines electricity, fossil fuel, water/sewer, and carbon footprint.

Market Data | Feb 1, 2017

Nonresidential spending falters slightly to end 2016

Nonresidential spending decreased from $713.1 billion in November to $708.2 billion in December.

Market Data | Jan 31, 2017

AIA foresees nonres building spending increasing, but at a slower pace than in 2016

Expects another double-digit growth year for office construction, but a more modest uptick for health-related building.

High-rise Construction | Jan 23, 2017

Growth spurt: A record-breaking 128 buildings of 200 meters or taller were completed in 2016

This marks the third consecutive record-breaking year for building completions over 200 meters.

Market Data | Jan 18, 2017

Fraud and risk incidents on the rise for construction, engineering, and infrastructure businesses

Seven of the 10 executives in the sector surveyed in the report said their company fell victim to fraud in the past year.

boombox1
boombox2
native1

More In Category

Healthcare Facilities

Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.




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