The Orlando Sentinel broke the news last week - The Ultimate I-4 job is officially behind schedule and well over budget. So far it's been determined that the project is 8 months behind with a new expected completion time of early 2021 and $100 million over the original $2.3 billion budget, according to a recent [...]
Per an article on www.bizjournals.com "Employment in Central Florida’s construction industry has ballooned to a size that hasn’t been seen in a decade despite a slowdown in construction starts. The Orlando-Kissimmee-Sanford area employed about 79,000 people in the construction industry in May — a benchmark that hasn’t been reached since December 2007, according to recent [...]
The Orlando Business Journal just released a list of Central Florida's Top General Contractors and Construction Managers, ranked by value of 2017 Central Forida projects breaking ground. 1. Hensel Phelps - $1.4 billion 2. Turner - $1.33 billion 3. Kiewit Southern Corp - $1.31 billion 4. DRP Construction - $473.8 million 5. Brasfield & Corrie [...]
Finally....some good news on credit scoring. "If your credit scores are a little higher all of a sudden and you can’t figure out why, there’s an explanation. Starting April 16, all three credit bureaus (Experian, Equifax, and TransUnion) will remove all tax liens from consumer credit reports. If you’re facing a tax lien, that information [...]
"For the sixth month running, Florida’s unemployment rate held at a nearly 11-year low of 3.9 percent in March as steady job gains continued. While many factors kept Florida’s economy chugging along, three industries stand out for leading year-over-year job growth: professional and business services; hospitality and leisure; and construction. Together, those three sectors accounted [...]
"The city of Oviedo is slated to get what Aventus Health LLC calls its first "medical city." The Winter Springs-based health care firm, which has labs, pharmacies and medical facilities, plans to break ground in the next five to six weeks on the beginnings of the $40 million, 150,000-square-foot medical city project that will create [...]
“New stores will come to Central Florida, Jacksonville and Miami-Fort Lauderdale. A new distribution center is coming to the City of Cocoa. And there will be remodels in Central Florida, the Panhandle, Tampa Bay, West Palm Beach, and other parts of the state. Walmart will also analyze opportunities to expand online grocery pickup, Mobile Express [...]
A Milwaukee construction company and its owner have been indicted by a Wisconsin Grand Jury with a total of 22 counts of fraud for falsely creating minority and veteran-owned businesses in order to win more than $200 million in federal construction contracts which were set aside for those groups. According to an article on ConstructionDive, [...]
The Construction Dive (www.constructiondive.com) put out an article regarding the new tax reform that I thought worthy of sharing. The "Tax Cuts and Jobs Act" contains many provisions that will have a direct and significant impact on those in the construction industry. The majority of these provisions are summarized as follows: - New Tax Rates [...]
We recently exchanged tips on maintaining a good attitude and thought you might be interested to hear them, too. Attitude can affect ourselves and those around us. In addition to recognizing that dogs and chocolate cure all, here are some of the tips that our team came up with to improve our mindset and personal [...]