A surety rehired the same contractor to finish a $130 million hospital project in North Carolina. State officials supported the decision even though they originally terminated the contractor due to project delays and "non-conforming work."
Contractors can help minimize cyber risk by focusing on five key digital areas and having policies in place to address issues in those areas, a consultant writes. The areas on which the consultant recommends focusing are privacy, security, intellectual property, accessibility, and systems.
Use of blockchain is expected to grow this year, but it can be tough for construction companies to benefit from it. Two areas that are ripe for blockchain innovation in construction are contracts and the supply chain, as seen in this episode of Constructech.
The IRS has rewritten its previously released Notice of Proposed Rulemaking governing multiple-employer retirement plans in order to correct errors in the previous version. The proposal is of particular interest to the retirement industry because it offers an exception to what is commonly referred to as the "one-bad-apple rule" for MEPs.
President Donald Trump says he is reviewing "various tax reductions," including cutting the payroll tax and indexing the capital gains tax to inflation. He has rejected the idea that the US is headed into a recession, touting the low unemployment rate and the amount the stock market has risen since he took office.
Fear of a recession may be all that's needed to cause a bear market, writes investment strategist and portfolio manager Rob Isbitts. He recommends people close to retirement simplify their investment approach and focus on preserving capital to protect themselves.
There are good reasons to leave some retirement funds in a traditional IRA when doing a Roth conversion, writes IRA expert Ed Slott. He highlights five of them, including paying for medical expenses, maximizing lower tax brackets and making qualified charitable distributions.
Prevailing low interest rates and little prospect for higher rates are proving to be a boon for millennials who borrow but a burden for current retirees, who are seeing a lower return on their investments. That makes retirement today about a third more costly than it was for the preceding generation, writes economist Allison Schrager.
Allison Bell reviews five things that sellers of indexed annuities or competing products should know about a Securities and Exchange Commission investor bulletin on indexed annuities. People who worked on the bulletin might have been confused by annuity terminology, Bell writes.
Fraud continues to be a problem in the construction industry, particularly in the form of bribery, kickbacks, rigged bidding, and billing scams, this author writes. Accounting technology tools, including encryption, payment tracking, subcontractor verification, and other features, can help prevent fraud.