Author name: niallogara

NEW YORK—New York City construction spending will reach $86 billion in 2022, up $38 billion from last year and marking an all-time high, according to a new report released by the New York Building Congress on Oct. 19.

Secretary of Labor v. Huen Electric, Inc. demonstrates the need for construction workers to be properly trained and competent when operating a powered industrial truck (PIT), such as forklifts, lift trucks, stacker trucks/pallet stackers, etc. Some of these PITs have a cabin for the operator, while in others the operator walks and controls from behind.

Inflation can generally be defined as the increase in prices for goods and services within an economy. When prices rise, it’s also true that the purchasing power of the currency also declines. Over the last year, inflation has risen appreciably where the average consumer and business have been impacted in numerous ways.

NEW YORK—A $1.6-billion public-private partnership with The City University of New York to build a new science and research park at Hunter College’s Brookdale Campus on East 25th Street and First Avenue in the Kips Bay section of Manhattan was announced in early October.

A recent report by the Brookings Organization, a Washington, D.C. think tank, indicated that the Federal Reserve likely would need to push unemployment far higher than originally thought (4.1%) if it is to succeed in bringing inflation down to its 2% target by the end of 2024. Federal Reserve policymakers as well as most economists had expected that the upturn in inflation that began in March 2021 would prove transitory. They were wrong.

A roundup of what’s new and who’s in the news both locally and in the state.

Low bid news from around the state.

YORKTOWN, NY  – Hundreds of millions of dollars in state and federal funds for infrastructure are going unspent as the condition of Hudson Valley roads, bridges, sewers, and other critically important infrastructure continues to worsen, according to an in-depth report issued recently by the Construction Industry Council of Westchester & Hudson Valley, Inc.

MOUNT VERNON, NY  – At a recent ceremony to mark the end of a long-delayed effort to rehabilitate the storied Memorial Field, speakers recalled its noteworthy past and its bright future.

TARRYTOWN, NY  – New “hold-harmless” insurance protection coverage for CIC employers is accelerating the pathway for young drivers to acquire the skills they need to operate construction dump trucks and other specialty vehicles. The goal is to help satisfy the growing demand for qualified and fully trained drivers of construction equipment.