A contractor was awarded $135,000 in delay damages by a contracting officer and then appealed the decision and saw the amount decrease to $69,000, largely because the government provided expert testimony and the contractor did not. The case shows the importance of providing an expert when pursuing damages for delays on a federal construction project, an attorney writes.
Advisors who work with retirement plans must know the difference in compliance regulations related to the Employee Retirement Income Security Act of 1974, writes Deborah Castellani of Akros Fiduciary Management. She offers a primer on how Securities and Exchange Commission and Financial Industry Regulatory Authority rules can differ when it comes to meeting ERISA requirements.
Virtual meetings are becoming more common, and this trend is good for advisors and clients, writes Jud Mackrill of Carson Group. He suggests firms begin by identifying clients who might be open to virtual meetings and testing different software platforms.
Financial advisors can build a successful practice by focusing on serving medical professionals, writes Ari Rastegar of Rastegar Property. He discusses their unique needs and strategies for tapping into this niche.
The vast array of fintech options is hurting not helping financial advisors, writes Anders Jones, co-founder and CEO of Facet Wealth. He argues that advisors need full-stack solutions and predicts industry consolidation as fintech companies seek to provide them.
The US Small Business Administration plans to combine its All Small and 8(a) mentor-protege programs and make other changes, including proposals addressing joint ventures. The SBA is accepting comments on the proposal through Jan. 17.
Four construction contractors describe how artificial intelligence has transformed their operations. Among the improvements they outline are increases in productivity, reduction of costs and enhancements in safety.
The US, Mexico and Canada have reached an agreement on a replacement to the North American Free Trade Agreement, House Speaker Nancy Pelosi said. The new deal is said to be more protectionist and labor-friendly than its predecessor.