The chief executive officer of the Associated General Contractors of America, Stephen E. Sandherr, issued the following statement in reaction to the release today of Senate Republican’s latest coronavirus relief measure, the Heals Act:
“Senate Republicans have crafted a relief measure that includes a number of vital provisions that will allow hard-hit construction firms to begin rebuilding their businesses and payrolls. Among the most promising of these provisions are liability reforms so construction firms that are protecting workers from the coronavirus will not be subjected to needless litigation. The proposal also includes important improvements to the Paycheck Protection Program and a much-needed expansion of the Employee Retention Tax Credit, both of which will help protect construction jobs.
“The measure also takes a more thoughtful approach than the existing federal unemployment insurance benefit by protecting unemployed workers without creating artificial barriers to returning people to good-paying jobs in sectors like construction. And the ambitious workforce development provisions in this measure have the potential to help millions of unemployed prepare for new careers in middle-class professions like construction.
“The measure is not without flaws, however. Most troubling is the virtual lack of funding for new infrastructure improvements. State transportation officials are coping with a $37 billion funding shortfall, declining revenues and the uncertainty that comes with the September 30 expiration of the existing highway and transit law. Additionally, public school, health and broadband infrastructure need federal investment to meet the challenges of operating during and after the pandemic. Ultimately, such new investments are essential to sustaining and rebuilding the American economy, which is why we will work to ensure they are ultimately included in a final relief measure.
“This proposed measure includes many provisions that will help the construction industry and the broader American economy. Combined with new infrastructure funding, it will help workers and employers avoid further economic harm. That is why we will work with leaders in both parties and both houses to see a final, fuller, measure enacted as quickly as possible.”
Related Stories
Codes and Standards | Oct 26, 2022
‘Landmark study’ offers key recommendations for design-build delivery
The ACEC Research Institute and the University of Colorado Boulder released what the White House called a “landmark study” on the design-build delivery method.
Building Team | Oct 26, 2022
The U.S. hotel construction pipeline shows positive growth year-over-year at Q3 2022 close
According to the third quarter Construction Pipeline Trend Report for the United States from Lodging Econometrics (LE), the U.S. construction pipeline stands at 5,317 projects/629,489 rooms, up 10% by projects and 6% rooms Year-Over-Year (YOY).
Designers | Oct 19, 2022
Architecture Billings Index moderates but remains healthy
For the twentieth consecutive month architecture firms reported increasing demand for design services in September, according to a new report today from The American Institute of Architects (AIA).
Market Data | Oct 17, 2022
Calling all AEC professionals! BD+C editors need your expertise for our 2023 market forecast survey
The BD+C editorial team needs your help with an important research project. We are conducting research to understand the current state of the U.S. design and construction industry.
Market Data | Oct 14, 2022
ABC’s Construction Backlog Indicator Jumps in September; Contractor Confidence Remains Steady
Associated Builders and Contractors reports today that its Construction Backlog Indicator increased to 9.0 months in September, according to an ABC member survey conducted Sept. 20 to Oct. 5.
Market Data | Oct 12, 2022
ABC: Construction Input Prices Inched Down in September; Up 41% Since February 2020
Construction input prices dipped 0.1% in September compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today.
Laboratories | Oct 5, 2022
Bigger is better for a maturing life sciences sector
CRB's latest report predicts more diversification and vertical integration in research and production.
Market Data | Aug 25, 2022
‘Disruptions’ will moderate construction spending through next year
JLL’s latest outlook predicts continued pricing volatility due to shortages in materials and labor
Market Data | Aug 2, 2022
Nonresidential construction spending falls 0.5% in June, says ABC
National nonresidential construction spending was down by 0.5% in June, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
Market Data | Jul 28, 2022
The latest Beck Group report sees earlier project collaboration as one way out of the inflation/supply chain malaise
In the first six months of 2022, quarter-to-quarter inflation for construction materials showed signs of easing, but only slightly.