Construction Industry Faces Highest Tax Burden, According to U.S. Treasury

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WASHINGTON, D.C. – Construction shoulders a bigger tax burden than any other industry in the United States with an effective rate over 30 percent, according to a new report from the U.S. Department of the Treasury. Associated Builders and Contractors responded to the report by urging lawmakers to pass tax reform that would encourage economic growth by lowering rates for both corporate and pass-through businesses. “Tax Day is a painful reminder to construction companies that they carry a larger tax burden than any other industry,” said 2016 ABC National Chair David Chapin, president of Willmar Electric Service, Lincoln, Nebraska. “While … Read more

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Brasfield & Gorrie’s Construction Veteran Buddy Clark: Man on a Mission

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BIRMINGHAM, Ala. – In 1962, 18-year-old Buddy Clark worked as an apprentice carpenter building a test stand for NASA’s Saturn V launch vehicle at Marshall Space Flight Center in Huntsville, Alabama. This project enabled NASA to test the Saturn V, the rocket used in the Apollo program that took U.S. astronauts to the moon. Now, at age 72, Clark is back at Marshall working on two stands designed to perform structural tests on the largest-ever cryogenic fuel tanks for the most powerful rocket in history, the NASA Space Launch System. These test stands will expand the U.S. space program and … Read more

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Dodge Momentum Index Falls in March

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NEW YORK, N.Y. –The Dodge Momentum Index fell 7 percent in March to 117.4 from its revised February reading of 126.4 (2000=100). The index is a monthly measure of the first (or initial) report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year. The decline in March is the first setback for the index following three months of gains. Over the last 12 months the index has been particularly volatile, increasing in seven months and dropping in five, mirroring the saw tooth pattern of growth in the overall … Read more

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PREMIER Design + Build Group, LLC Wraps Up Phase II of CIE

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ITASCA, Ill. — Lake Park Associates Inc., and University of Chicago, chose PREMIER Design + Build Group, LLC to spearhead the renovation of the Doerr Building in Chicago, Ilinois’ historic Hyde Park neighborhood, which included the revamp of the building’s core and shell. The Doerr Building houses high-tech facilities for the Chicago Innovation Exchange—an innovation hub for the University of Chicago, top engineering leaders and startup companies. Featured in the new space is a digital fabrication lab designed for rapid prototyping. State-of-the-art amenities included in the new Fab Lab aid in bridging the gap between physical and digital design and … Read more

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Hill International JV to Design, Manage Construction of Rixos Saadiyat Island Hotel in Abu Dhabi

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PHILADELPHIA, Pa., and ABU DHABI, UAE – Hill International’s joint venture with EHAF Consulting Engineers has received a contract from Megaprojeler Insaat Turizm Sanayi Ve Ticaret Anonim Sirketi, an affiliate of Rixos Hotels, to provide design and construction supervision consultancy services in connection with a new five-star, 374-key Rixos Saadiyat Island Hotel located in Abu Dhabi, UAE. The two-year contract has an estimated value to the joint venture of approximately $3.8 million. Hill is a 65 percent partner in the joint venture. Saadiyat Island is located off the coast of Abu Dhabi. It is a 10.4-square-mile island planned and created … Read more

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