November 2019
Featured News
SLOW PAYERS COST GCS, SUBS $64B A YEAR

A new study has found that slow payments are costing general contractors and subcontractors $64 billion a year. This is a $24 billion increase from the 2018 study from construction finance platform Rabbet, formerly Contract Simply, as the company added general contractors to the respondent mix.

Industry News
MARKET WATCH: INDICATORS CRUCIAL TO PLANNING
FOR A CONSTRUCTION DOWNTURN
Part 2/3

While no one can claim to know exactly where the U.S. economy is headed, there is no shortage of indicators that help provide a reading on the nation’s economic health. These include manufacturing indexes, the stock market, the performance of major corporations, consumer spending and interest rates.

MARKET WATCH: TRACK CONSTRUCTION'S
ECONOMIC HEALTH
Part 3/3

Industry experts, economists and construction executives rely on a long list of economic indicators to help them forecast the future of the business. But predicting what's on the horizon is tricky, said Associated Builders and Contractors chief economist Anirban Basu, because construction activity generally lags behind other sectors of the economy.

THE DOTTED LINE: WHAT HAPPENS WHEN
A BONDING COMPANY IS CALLED IN

Sometimes, as a condition of winning a construction job, contractors are required to guarantee that they will pay their bills and perform their contracted scopes of work by providing the owner with payment and performance bonds. Public agencies often require these instruments, issued by a surety bond company, but some private owners insist on them as well.

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