[Infographic] 10 Reasons Construction Companies Go Out of Business

As of the first quarter of 2016, the Bureau of Labor Statistics (BLS) reports that there are over 768,000 construction companies currently operating in the private industry in America.  There are also countless more that have come and gone.  According to Statistic Brain, only 47% of construction startup businesses are still operating after year 4. Personally, I've seen many people break off from a construction company and create their own business; some are still in operation, others have failed.

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The FBI Is Investigating the Construction of a Minor League Baseball Stadium

OSHA inspectors and city building officials are usually the people that can make life pretty uncomfortable for construction companies, but it’s a whole different story when the FBI comes calling. A new stadium for the Double-A minor league baseball team, the Hartford Yard Goats, was supposed to open before the 2016 season, but delays and cost overruns have pushed that opening well into 2017.  Now, the FBI is investigating, according to the Hartford Courant.

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US EPA Releases 2017 Construction General Permit for Stormwater Discharges

In an announcement made in mid-January, the US EPA has officially released the updated 2017 Construction General Permit (CGP) for Stormwater Discharges from Construction Activities.  The draft of the new permit was released last year and the 45 day public comment period ended on May 26, 2016.  The 2017 CGP will go into effect starting February 16, 2016.

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Contractor “Blacklisting” Rule Close to Being Repealed

In July of 2016, the Fair Pay and Safe Workplaces Executive Order was signed into effect and has been a hotbed of controversy, especially within the construction industry, ever since. The act would have given the federal government the ability to disqualify contractors if they violated any of the 14 labor laws, which can be found here, over the past 3 years on any project totaling $500,000 or more.

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