The State of Texas has created a new body, the Commission on Texas Workforce of the Future, to recommend legislation for submission during the next legislative session in 2021 to alleviate the skilled workforce shortage in the state. Andrew Schneider of Houston Public Media reported:“Texas...
This Week's Second Look
Reshaping the Industry
Three actions are necessary to build a thriving, profitable and durable construction industry:
- Acceptance. Recognize current situations and challenges and accept they are real.
- Leadership. Embrace core values and principles as innovators and leaders.
- Solutions. Collaborate among owners, contractors and workforce for solutions.
There is quite a lot of discourse regarding daily reports in the construction industry. Some people think they are unnecessary and take too much time to be worth the effort. However, some may not consider how important daily reports are in regards to protecting you on the front end and defending...
Accounting for Anticipated LossesGenerally accepted accounting principles or GAAP require the recognition of loss provisions in the period during which the loss becomes evident (Financial Accounting Standards Board Accounting Standards Codification [FASB ASC] 605-35-25-46 // FASB ASC-606-10-65-1)....
Authored by Pete Keener, RRC, RRO, CIT - Department Manager, Building Science Solutions, Intertek, and originally published in the Chamberlin Roofing and Waterproofing Summer 2021 Quarterly Newsletter.This question has been asked for years in the roofing industry when discussing...
Business email compromise (BEC) scams are on the rise. In 2020, the FBI’s Internet Crime Complaint Center (IC3) received 19,369 BEC/Email Account Compromise (EAC) complaints with adjusted losses of over $1.8 billion.This type of fraud poses substantial risk to all types of organizations. Small...
The last decade has brought with it a significant increase in the number of claims stemming from allegations of discrimination or retaliation as a result of mental health conditions. The mental health of employees is an area of the law that will continue to see a significant increase, as well as an...
Here at Chamberlin Roofing & Waterproofing, there is only one thing that our clients pay us to do for them. They don’t pay us to do estimates, nor do submittals, nor send them invoices, nor answer our phones, nor send them advertising materials or a whole host of other things that we all spend...
The following article was authored by Jackson Lewis P.C. attorneys, Courtney Malveaux, Richard Vitarelli, and Lin Wagner.Workers in the construction industry tend to be older than those in other industries, according to the National Association of Home Builders. The median age of...
This new $1.2 Trillion Infrastructure Bill has many contractors thinking about trying their hand at Federal Projects. Bigger doesn’t always mean better though. Especially if this means that there is more risk involved. It’s important to truly think first before you jump and educate yourself on what...