Please join your fellow NACA members and our esteemed panel as we summarize a vert tough year in our industry and what we’ve learned. [MORE/REGISTER]
So I asked a new member how he heard of NACA….
His reply was really great…
“Thank you, Edward, for a quick follow-up. It is both my pleasure and honor to join your society. Truthfully, I came across NACA accidentally.
In the past, it happened quite often that I was supporting typical CPA accountants with technical issues in the process of auditing industrial construction projects, be it a contract, a schedule, labor/materials, not to mention investigating the claims. And I was always wondering, why, for God’s sake, the Clients, pay big bucks to the hordes of ordinary bookkeepers who don’t have even a slightest idea on how to engineer and/or construct anything.
The bottom line is while they are good for general internal ISO-type audits, they are almost helpless, when dealing with outside contractor’s documentation and records…It was only recently I found that there are quite a few companies who do employ on their staff engineering/construction experts in support of their construction audits and those typically have NACA’s “CCA” accreditation. And that does makes a lot of sense!
So, better late than late never but I feel I found finally my kind of people in a right organization.
Have a great evening and stay safe!”
THANK YOU SIR!
What we discussed today.
1.There will likely be a greater push to increase immigration, particularly to address the labor shortage in construction and skilled trades
2.Labor costs may increase, particularly on federal or Davis-Bacon jobs, with the reversal of several Executive Orders and the reinstitution of Project Labor Agreements
3.The “Protecting the Right to Organize” (PRO) Bill passed earlier this year by the House may have a new life, depending on the Georgia election results. That bill ends the prohibition on secondary boycotts and allows rapid unionization
4.There will be increased spending on infrastructure projects and K-12 projects with federal appropriations and local bond issues.
5.Affordable Housing projects will see increased coordination of state and federal agencies and funding; HUD has largely be hands-off and encouraging developers to find other funding sources.
6.Lumber and other commodities continue to increase in price with no ceiling in sight. The reduction/removal of tariffs may provide some relief, but not until Q2 2021.
7.Without further stimulus, the default rates on CBMS loans will increase as forbearance periods expire and the retail and hospitality sectors have slower improvement. Treasury has indicated that the emergency loan program will expire 12/31 and not be extended.
8.Janet Yellen anticipated to be nominated for Treasury Secretary will likely indicate a greater stimulus and government involvement in the markets.
9.Management of Pandemic and distribution of vaccines will have a direct impact on labor and materials availability and work conditions.