Survey finds optimism about the state of construction in 2016

By Anonymous -
The report found identical optimism here in Florida, where 71 percent of construction firms also anticipated undergoing incremental growth in 2016. The overall breakdown was slightly different, however, as 33 percent of firms indicated that their payrolls would expand by one to five workers, 19 percent would expand by six to 15 workers and 19 percent would expand by more than 25 workers.
As to the sectors that construction firms across the U.S. were predicting would drive their business in 2016, the report found the following:
·          21 percent anticipated work in warehouses, lodging and retail outfits
·          19 percent anticipated work in both private offices and hospitals
·          14 percent anticipated work in multifamily residential housing
·          13 percent anticipated work in higher education facilities
·          12 percent anticipated work in K-12 school facilities and public projects
These are truly encouraging numbers. Here’s hoping we continue to see the construction industry recover in 2016 both here in the Sunshine State and across the nation.
Those considering undertaking a project in 2016 should give serious consideration to sitting down beforehand with a legal professional who has extensive experience in the review, drafting, and negotiation of construction contracts. 


From Herald Tribune 

Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A. 
407 N. Howard Avenue
Suite 100
Tampa, FL 33606
www.trentcotney.com

Comments

Post a Comment

Popular posts from this blog

The Dotted Line: When Contractors Can Walk Off the Job

By -
When general contractors or subcontractors sign on to construction projects, they usually start off believing everything will run smoothly. But, during the course of the work, issues sometimes arise that force all parties to go running back to their contracts in order to evaluate their options. One of those options for construction companies is to simply stop work, but contractors need to take care when making such a big decision. “Stopping work and ultimately terminating the contract is one of the most radical things you can do,” said Joseph McManus Jr., attorney and shareholder at law firm Carlton Fields.   Luckily, most of the circumstances under which contractors are clearly entitled to stop work are included in the most popular standard forms of contracts. Nonpayment The most common reason that contractors find it necessary to stop work, McManus said, is that they haven’t been paid for approved invoices. In that scenario, he said, contractors have the ...
Read more

"Mass-timber" Sees Greater Use in Roofing and Construction Projects in Europe

By -
Image
The use of "mass-timber," or prefabricated engineered wood components is becoming more common in construction and roofing applications in Europe. In projects such as the galleria roof of a central city building in Surrey, it helps meet demand for wood structures to add visual appeal. From NRCA Trenton H. Cotney Florida Bar Certified Construction Lawyer Trent Cotney, P.A. 407 N. Howard Avenue Suite 100 Tampa, FL 33606 www.trentcotney.com
Read more