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Embattled NCORR orders the stop of new construction, stops paying contractors
Carolina Journal
The North Carolina Office of Recovery and Resiliency (NCORR) is facing new questions after a report surfaced that it has ordered contractors...
2 days ago
ARCO Streamlines Construction Payments with Oracle Textura
Yahoo Finance
ARCO, a leading national design-build construction firm, has implemented Oracle Textura Payment Management to streamline and automate its...
2 days ago
This is one of the few fields where women make the same as men - and it’s blue collar all the way | CNN Business
CNN
Construction work has one of the lowest gender pay gaps in the US, and yet, only about 11% of the construction workforce is made up of women...
6 days ago
Lembke Construction owner pleads guilty to $28K in payment thefts
kaaltv.com
(ABC 6 News) – The owner of a former Albert Lea construction business pleaded guilty to one of three felony theft charges in Freeborn County...
3 weeks ago
“Die First, and I'll Pay You Later”: Saudi Arabia’s ‘Giga-Projects’ Built on Widespread Labor Abuses | HRW
Human Rights Watch
I paid US$1,115 in recruitment fees to the agent which I borrowed from relatives at 42 percent interest rate. I was told that I would be...
1 week ago
New code rewards contractors with best payment practices
Construction Management Magazine
The Small Business Commissioner has launched a Fair Payment Code to reward companies that pay their supply chain promptly.
1 week ago
Alberta’s Prompt Payment and Construction Lien Act: Transition period ends, compliance now required
Dentons
On August 29, 2022, the Alberta Prompt Payment and Construction Lien Act (the Act) and accompanying regulations, the Prompt Payment and...
2 months ago
Richmond City Council OKs ordinance boosting construction worker pay
VPM
The ordinance requires that contractors and subcontractors on city-funded projects valued at more than $250,000 pay laborers a “prevailing wage,...
1 month ago
(PDF) Automated Payment and Contract Management in the Construction Industry by Integrating Building Information Modeling and Blockchain-Based Smart Contracts
ResearchGate
The smart contract is set up using digital BIM-based tender documents and contains all of the relevant data for financial transactions. Once the...
1 month ago
From the Ground Up: Rebuilding Payments in the Construction Industry
PYMNTS.com
57% of general contractors and 78% of subcontractors experienced work delays or stoppages in the past 12 months due to delayed payments to crew members.
10 months ago