I always thought that we could benefit from a high school course on real life skills.[1] Things like “how to build your credit,” “how to calculate your taxes,” and “what portion of your income should be used for housing” would be taught in the class. The percentage of renters in the United States that are … Continue Reading
A few months ago[1] Bob Labes and I wrote a blog post about the $78 Billion Tax Bill that includes affordable housing help by reducing the tax-exempt financing requirement for a developer to receive the 4% low income housing tax credit (4% LIHTC) by 40% for a limited time only. This got us thinking about … Continue Reading
This is a reminder that a significant change is on the horizon for companies using standard form contracts in Australia. These matters were raised in the November 2022 edition of Construction Matters. New unfair contract terms (UCT) reform is set to take effect from 9 November 2023, ushering in a pivotal shift in the contracting … Continue Reading
It is reported that globally the construction industry is responsible for almost 25% of greenhouse gas emissions, 40% of total energy production, 16% of total water consumption and 30% to 40% of all solid waste. Growing environmental awareness and activism means it is likely that industries with a large carbon footprint and environmental impact, such … Continue Reading
This month’s Construction Matters examines the purpose of bank guarantees pending the final resolution of a dispute, concurrent delays, and the recent western Australian Supreme Court decision to severe part of an adjudication determination beyond the adjudicator’s jurisdiction. In addition, we highlight a series of recent insights from around our firm that are topical to … Continue Reading
As we noted in a prior post, linked here, US EPA has proposed to designate two per- and polyfluoroalkyl substances (PFAS) as hazardous substances under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), also known as “Superfund.” CERCLA provides the Federal government with the authority to respond to releases or threatened releases of hazardous substances … Continue Reading
