Author name: niallogara

State EFC Approves $120M in Funding For Local Water Infrastructure Projects

ALBANY—The New York State Environmental Facilities Corporation Board of Directors recently approved more than $120 million in financial assistance for water infrastructure improvement projects across New York State. The board’s approval authorizes municipal access to low-cost financing and previously announced grants to get shovels in the ground for critical water and sewer infrastructure projects, including treatment processes to remove emerging contaminants from drinking water.

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Attorney’s Column – Court: Not All ‘Incorporated’ Provisions Of an Upstream Contract Flow to the Sub

This column has often written about issues that affect contractor/subcontractor relations because subcontracting is ubiquitous in the industry. One of the most important aspects of subcontracting is to ensure that all responsibilities and potential liabilities are properly flowed up or down so that an intermediate contractor is not left holding the proverbial bag.

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Economic Outlook – War in Ukraine Exacerbating Global Economic Volatility

The war in Ukraine has profoundly impacted the global economy, with ripple effects extending far beyond its borders. This conflict originally disrupted vital energy supplies, exacerbated inflationary pressures and reshaped geopolitical alliances, leading to economic fragmentation and volatility. In Ukraine, the invasion by Russia had caused a severe energy crisis in Europe, resulting in skyrocketing energy prices and a frantic search for alternative sources. At first, this upheaval drove up costs globally, but also forced countries to reexamine their energy dependencies and accelerate their transition to renewable energy sources.

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Financial Management – Key Strategies Contractors Can Employ In Periods of Elevated Interest Rates

Interest rate changes directly impact construction companies in a variety of ways, beginning with the affordability of borrowing and availability of financing. To battle these uncontrollable headwinds, planning can save construction companies time and money—especially in the current environment of elevated rates.

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