While there are guidelines and requirements in place to help prevent electrical accidents, there is still a lot of room for error and oversight during the course of a busy workday. According to OSHA data, 30,000 arcs and 7,000 burn injuries occur per year, and more than 2,000 people are admitted to the hospital with severe arc flash burns annually.
The new presidential administration is poised to lead to a number of proposed tax and regulatory changes, many of which will impact the construction industry.
Construction projects are inherently labor intensive. From the start of a project to the end, there are architects, engineers, foreman, safety crew and, of course, construction workers.
Later this year, business owners will need to work through the twists and turns accompanying the Department of Labor’s (DOL) changes to the federal overtime regulations. The new rule will take effect Dec. 1 and applies to exempt employees. It also more than doubles the salary basis required to classify an employee as exempt.
Construction firms that sponsor 401(k) retirement plans should review their stable value investment options given the recent changes in non-government money market fund pricing and potential liquidity gates.
The International Code Council (ICC) recently released cdpACCESS, a cloud-based tool for code development that will make the process open and transparent to people or entities that may be affected by the codes. The tool allows users to submit code change proposals, stay on top of proposed code changes and offer commentary. It also allows code officials to more easily determine the outcome of proposed code changes.
The U.S. Department of Labor’s Veterans’ Employment and Training Service (VETS) issued a final rule changing the reporting requirements for federal contractors and subcontractors that hire and employ veterans under provisions of the Vietnam Era Veterans’ Readjustment Assistance Act of 1974.
A proposed rule by the U.S. Department of Labor (DOL) would for the first time require many federal contractors and subcontractors to submit annual equal pay reports providing summary data on their employee compensation to the DOL’s Office of Federal Contract Compliance Programs (OFCCP).
Contractors don’t get an advance telephone call or a friendly knock on the door to signal the beginning of a government investigation. Rather, it happens swiftly, with an unannounced visit from law enforcement accompanied by a search warrant for books and records and a laundry list of documents and “tangible things.”
On March 24, new regulations from the Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) became effective, imposing new employment obligations on construction companies that perform work directly on federal construction projects. In Part 2 of a two-part article, MYB takes a closer look at the veteran obligations arising out of the Vietnam Era Veterans Readjustment Assistance Act of 1974 (VEVRAA).
As businesses become more global, international trade is increasingly becoming a growth area for construction contractors, and global sourcing of project materials and equipment is demanding more sophisticated understanding of cross-border transactions. With a number of upcoming trade initiatives from U.S. Customs and Border Protection (CBP) coming in 2014, contractors need to be aware of the process updates required for compliance, which are unprecedented in size and magnitude, or risk losing this relatively new profit source. Continue »