Author name: niallogara

Industry’s Workforce of the Future Poses Opportunities and Threats

NAPLES, FL—With the arrival of the new construction season fast approaching, company executives and union officials from New York’s downstate region convened late last month at the Ritz-Carlton Naples to discuss industry prospects and prepare for the challenges facing the contracting community and organized labor in 2025 and beyond.

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Orange County Gets New FAST NY Grant For Studies at Roseton Power Plant Site

NEWBURGH—New York announced last month that $32.6 million had been awarded to improve seven locations under the Focused Attraction of Shovel-Ready Tracts New York grant program, including one project in Orange County. The Orange County Industrial Development Agency was awarded a $500,000-grant in connection with a pre-development project at the Roseton power plant site in the Town of Newburgh.

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Attorney’s Column – Court Rejects ‘Piggybacking’ Contracts For Public Works, Requiring New Bid

A section of the General Municipal Law requires that with several narrow exceptions, any contract for public work more than $35,000 must be sent out for public bid. To project against fraud or collusion, the exceptions are narrow and relate to emergency work or a demonstrated need for standardization.

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Financial Management – Industry M&A: What Succession Plan Is Right for Your Business?

For construction firm owners contemplating the future, mergers and acquisitions within the sector represent a strategic succession planning option. An industry M&A can provide immediate liquidity and can maximize valuation by attracting strategic buyers willing to pay a premium for synergies.

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