Author name: niallogara

Attorney’s Column – Performance Bond is Not an Insurance Policy For Later Claims Brought for a Contract Breach

Performance bonds are a familiar tool in the construction industry – particularly on public works and larger private projects. Their purpose is to provide an owner or upstream contractor with a guarantee that a contractor is not getting in over its proverbial head and will actually complete the job at the cost originally contracted.

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Financial Management – Employee Retention Credit Processing Updates: Here’s What Construction Firms Need to Know

Did you apply for the Employee Retention Credit over the last few years only to face daunting delays? ERCs were a refundable tax credit introduced by the U.S. government to help businesses keep employees on their payroll during the COVID-19 pandemic, as part of the Coronavirus Aid, Relief, and Economic Security Act from March of 2020.

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City Voters Delivered $4.2B Green Bond Act; But Funding Formulas Steer Dollars Upstate

NEW YORK— Expecting to see green, New York City officials are seeing red instead.
Approved by voters statewide in 2022, the Clean Water, Clean Air and Green Jobs Environmental Bond Act allows the state to borrow $4.2 billion to pay for big projects, such as stormwater and wastewater systems, green buildings, coastal protections and electric school buses.

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Feds to Provide $3.8M to Help Build IBEW Offshore Wind Training Facility

WASHINGTON—As employment opportunities in the sustainable energy sector advance, elected officials representing New York State announced $3,828,000 in federal funding for the Educational and Cultural Trust Fund of the Electrical Industry to help establish a Global Wind Organization onshore and offshore wind safety training facility in Walden, NY (Orange County) to train New Yorkers for careers in clean energy.

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