We are certainly living in uncertain and unusual times; however, there are sound methods that contractors, developers and property managers can use to preserve cash, speed up the cash collection process, delay payments and seek optimal options for debt. Such options for construction and real estate entities are outlined in this article from DHG's Construction & Real Estate group.
Hundreds of construction firms across the country, and many throughout the Carolinas, stopped work on April 9 to hold what are called safety stand-downs focusing on ways to protect construction workers and the public from the spread of coronavirus.The stand-down was organized by the Associated General Contractors of America (AGC)."Construction companies across the
Carolinas are taking very seriously our construction industry’s important role in protecting workers and communities from the spread of the coronavirus," said Dave Simpson, President & CEO of Carolinas AGC (CAGC).
Indemnified Clausesrun a close third for "Most Tortured Interpretations" in the history of the written word, just behind the United States Constitution and the lyrics to The Beatles’ "I Am the Walrus." One would think that, by now, a razor-sharp indemnification clause would exist such that it would become essentially boilerplate language, with a few changes here and there. However, as is apparent in the South Carolina Court of Appeals’ ruling in Concord & Cumberland Horizontal Prop. Regime v. Concord & Cumberland, LLC, 424 S.C. 639, 819 S.E.2d 166 (Ct. App. 2018), even
standardized indemnification clauses such as those found in AIA contracts will be strictly interpreted by South Carolina courts.
Deemed an essential service, the asphalt paving industry continues to work to maintain South Carolina’s roads during the COVID-19 crisis. Ashley Batson is executive director of the SC Asphalt Pavement Association (SCAPA), a non-profit trade association representing the
asphalt pavement producers in South Carolina, as well as the suppliers to the industry. Even as South Carolina and the country face this current health and economic crisis, the need to recruit workers remains a priority.
As the COVID-19 pandemic continues to impact the economy, businesses in the construction industry face dynamic challenges. Many firms are tightening their belts and cutting expenditures. During challenging economic times, communicating with prospects and clients is more important than ever. While activity has slowed, companies still
need resources, solutions, information, products and services provided by firms in our industry. Continued investment in marketing is important.
The staff at GroundBreak Carolinas understands how impactful the COVID-19 pandemic has been on the construction
industry. The mental health and well being of your employees and subcontractors is critical during these challenging times. We are providing links to important resources from the Construction Industry Alliance for Suicide Prevention.
