What’s the deal with inflation and interest rates? Inflation has been, unfortunately, a hot topic as of late. In the wake of COVID-19, inflation has caused rising prices and unpredictable market conditions that affect everyone from individuals to global businesses. Add in rising interest rates and it’s easy to see how the American economy can
President Trump’s recent executive order imposing tariffs on US imports of steel and aluminum led to many questions of the full scope of materials subject to the 25% import tariff. A recent analysis by the Recycled Materials Association (“ReMA”) determined that recycled steel and aluminum – or scrap – are not subject to
My colleague (Graham Quinn) recently wrote an article about the potential financial impact of the impending steel and aluminum tariffs on the construction industry. See hyperlink: The Impact of President Trump’s Steel and Aluminum Tariffs on the Construction Industry | Texas Construction Law Blog. One question that we are receiving is whether
Trump Imposes Drastic Tariffs on Imports of Steel and Aluminum
On February 10, 2025, President Trump signed an executive order imposing 25% tariffs on all US imports of steel and aluminum with no exceptions or exclusions, due to take effect on March 12th, 2025. Designed to boost the domestic steel industry, Trump’s plan
The Texas Data Privacy and Security Act (TDPSA) is now in full effect, and this comprehensive legislation establishes stringent mandates on how consumer-related personal data of Texas residents should be collected, used, processed, sold and shared. In the construction industry, businesses that market or sell goods or services to consumers, or B2C
For years, there has been a state-by-state push to restrict or prohibit non-compete agreements that limit workers’ ability to take a job with a competitor after leaving their employer. This movement to boost employee mobility and wage growth has now culminated in a controversial nationwide proposal by federal regulators. On April 23, 2024, the Federal
Last week I had the privilege of attending the Construction Financial Management Association Dallas/Ft Worth Chapter’s monthly membership education luncheon as a prospective member. The educational topic was Cybersecurity and the Construction Industry and presented in a panel format. The panelists were Jon Schildt, Vice President of Technology & Cyber Practice for Hub International
Broad form indemnities are common in Texas construction contracts, even though indemnifying someone for their own negligence is a tough pill to swallow.
In 2011, Texas passed a law limiting such clauses in construction contracts. Since then, Texas courts have analyzed the statute only a handful of times.
The Rule
In a nutshell, the statute
According to a recent ConstructionDive.com article, construction job openings soared in January 2024 marking over a 40% increase from the same period in 2023. Essentially there were approximately 120,000 more construction job openings at the end of January 2024 than 2023. Quit rates have lowered but apparently layoffs have increased. Essentially, jobs are open
If an owner or general contractor fails to timely pay on a project, you may be entitled to prompt pay interest. Prompt payment acts are intended to deter late payments by general contractors and owners by enabling contractors and suppliers to pursue additional remedies including penalty interest, attorneys’ fees and suspension of performance.