There has been a lot of press about P3s as of late, especially in Indiana.

A P3, or public private partnership, is a service or business venture funded by a partnership between a government and one or more private companies.

With the continued stress on governments trying to either maintain or expand services and infrastructure in the midst of budget constraints and often inadequate or declining tax revenues, the idea of being able to get things done with the help of the private sector is intriguing.

The walls will fail; we just don’t know when they will fail. A rule to always remember about trenching.

Manufacturers have long been concerned with protecting their businesses from supply chain disruption. But this risk can apply well beyond the manufacturing industry. Business continuity risks exist for any organization working with third-party vendors. Think of all the vendors you work with. Phone, internet, subcontractors, suppliers, etc. If one of them had their own significant business interruption, how would it impact you?

OSHA has issued a final rule to protect workers from exposure to respirable crystalline silica. It is comprised of one standard for Construction and one for General Industry and Maritime. 

Have you heard? The accounting gods have spoken and have changed how leases are to be accounted for on your financial statements. Why, you may ask, do we need to change the methodology for accounting for leases?

Unless I’m talking to a contractor, people often give me a blank stare when I say I lead our surety bond practice. “Surety, what the heck is that?”

Given this apparent lack of knowledge of what I do on a day-to-day basis, I submit a Surety 101 to educate the masses!

As a contractor, do you need professional liability coverage? Many assume the answer is no, and respond with reasons such as:

Each year OSHA releases the 10 most frequently cited standards. Many of the same standards have found themselves on this list in recent years. The penalty for violating these, and any, OSHA standards is about to increase for the first time since 1990.

What is it? Can you use it? Why would you want to use it or not? If you are a subcontractor, do you want to be in an SDI program? So many questions…

Unless you’ve been buried underneath a pile of bidding documents or work in process reports, you’ve likely taken notice of the volatility in the stock market over the last few weeks. A correction, as I’m told.