Employee Retention Tax Credit Revised Guidance and New Legislation Introduced: The IRS recently reversed its previous guidance and will now allow employers to treat qualified health expenses as qualified wages under the COVID Employee Retention Credit. You can view more on the IRS FAQs here. Also today, U.S. Representatives Stephanie Murphy (D-Fla.), John Katko (R-N.Y.), [...]
Helpful Tip of the Day – PPP Safe Harbor Date Extended to May 14th: The SBA released additional FAQs that extended the safe harbor date for companies to return PPP funds to May 14th AND stated that the administration intends to provide additional guidance on borrower certification and we are hoping this will help [...]
The U.S. House of Representatives was originally scheduled to return next week, but without a firm deal in place to pass an additional recovery bill House Democrats have delayed their plans to return to D.C. while Congress and the Administration continue discussions surrounding the next package to address the ongoing health and economic crisis. Senate [...]
What's In: Prevailing Wage Expansion The most troubling piece of the budget includes an expansion of prevailing wage to private construction projects. At a time of great economic uncertainty, this budget fails all New Yorkers by increasing costs on employers and raising the price on new investment in our communities. The state budget included newly [...]
Brian Sampson, president of the Empire State chapter of Associated Builders and Contractors (ABC), said the study misuses the data. His association is a national construction organization devoted to merit contractors, encouraging open competition and a free-enterprise approach that awards contracts based solely on merit, regardless of labor affiliation.
Critics also argue that the cost of wind power has been made even more expensive in New York by a requirement that awardees include project labor agreements in all contracts. The issue has so alarmed Brian Sampson, President of the Empire State Chapter of Associated Builders and Contractors, that he has asked State Comptroller Tom DiNapoli to look into it.
Wages are up and there are 91,000 more people in construction than a decade ago, but electricians, welder and ironworkers seem to be disappearing
Critics say state's call for "Project Labor Agreements" drives up costs for public projects
OGDENSBURG — City Council unanimously voted to award a construction contract to Jett Industries of Colliersville for the $35.9 million wastewater treatment plant rehabilitation project, but also caught an earful from two separate parties skeptical about the process, Monday night.
Ogdensburg City Council took a tongue lashing after accepting a $35.9 million wastewater treatment plant rehabilitation project bid from Jett Industries. Amanda Bertram, vice president of public affairs for the Associated Builders and Contractors, called the award shameful and told city councilors they should have heeded her warnings about entering into a project labor agreement just to please Gov. Andrew M. Cuomo.
