Monthly Archives: November 2011
2011NOV
30
30
BIM and 3D modeling have been used extensively and successfully in vertical building construction. Contractors, state DOTs and other public owners are now recognizing its application and value in the construction of highways, bridges and other civil projects. Civil Information Modeling (CIM) can lead to better estimates, early identification of design conflicts and flaws, more efficient construction operations, safer and more economic traffic management plans, better communications with the public, enhanced cooperation among the construction team, more profitable projects and other benefits.
2011NOV
29
29
Washington Business Journal named the Associated General Contractors of America to its “Top of the List: Trade Associations” for 2011. AGC is one of only three construction industry related trade associations on the journal’s Top 50 list, and the only general contractors association on the list.
2011NOV
29
29
While the month of September saw a slip in the Billings Index, the American Institute of Architects reports that the index has jumped to 49.4 in October. The last time the Index came in above 50 was in August at 51.4. Any reading below 50 is said to indicate a decrease in commercial building construction
2011NOV
29
29
One of the biggest challenges in construction (and economics!) is figuring out where prices will be a year—or even a day—from now. While all businesses share this problem to some degree, it is much more acute in construction, because contractors typical provide owners a guaranteed price months or years before they buy materials. Also, contractors
2011NOV
23
23
The Budget Control Act established new spending caps ($1.045 trillion) that established the allocations in which the House and Senate Appropriations Committees drafted their fiscal year 2012 funding bills. To date, Congress has only passed 3 of 12 FY 2012 appropriations bills and the federal government is currently operating under a continuing resolution that expires
2011NOV
23
23
The failure of the Super Committee also sets the stage for a busy year for tax policy with a number of important tax rates and expenditures set to expire starting on Jan. 1, 2012.
2011NOV
23
23
The sequestration process that has now been triggered will need to cut the deficit by $984 billion over ten years. This number reflects the $1.2 trillion in cuts outlined in the Budget Control Act minus the interest savings that will be achieved from deficit reduction. The result is that a little more than $100 billion
2011NOV
23
23
On Nov. 21, the Joint Select Committee on Deficit Reduction announced they had failed to come to a bipartisan agreement on deficit reduction measures. The super committee’s failure means that $1.2 trillion in automatic cuts known as “sequestration” will take place in 2013. The more immediate impact of the committee’s failure is Congress must now
Contact | Help | Site Map | Privacy Policy | Store Policies | Advertise
RSS Feeds: AGC News | Programs and Events
© Copyright 2011 The Associated General Contractors (AGC) of America. All Rights Reserved.
With over 30,000 member firms, AGC of America is the leading association for the construction industry. AGC provides a full range of services satisfying the needs and concerns of its members, thereby improving the quality of construction and protecting the public interest. Learn More...