Commentary on the supply chain and public policy, and what players in the space need to know to succeed:

Supply Chain Skyline: Economic Outlook, China, Elections (skylinepolicy.com)

From our friends at Skyline Policy Risk Group, read this commentary on the supply chain and public policy, and what players in the space need to know to succeed.

Supply Chain Skyline: Inflation, Embargo, China, Infrastructure (skylinepolicy.com)

From our friends at Skyline Policy Risk Group, read commentary on the supply chain and public policy, and what players in the space need to know to succeed.

Supply Chain Skyline: Labor, EVs, Gig Economy, Budget (skylinepolicy.com)

As a follow-up or outcome of the CIRT-FMI Webinar series, a whitepaper entitled “The Construction Spending Paradox: Is it Growth or Inflation?” has been developed to provide background, data, and concepts to CIRT members regarding how to remain competitive as production costs rise.  The report points out, that in February 2022 consumer prices climbed 7.9% year over year— at the same time, the 12-month producer price index was up 10%. The impact in part “has left contractors juggling steeply rising input costs, stalling advances in bid prices, and taking larger shares of project risk.”  Near term, there are sober concerns that: “Companies may experience a drop in profits despite strong backlogs and prospects for growth as energy and labor costs continue to rise.”  To counter this, firm estimators will need to master the “tricky job negotiating price fluctuations, supply chain issues, margin protection, labor costs and relationships with subcontractors.”

The paper is intended to “arm” CIRT members with reliable, clear, and persuasive evidence of the rapidly changing market conditions to discuss with clients, subs, public, etc. regarding project opportunities and costs.  

If your firm has not already been subject to or implemented paid family/medical leave requirements, the new emergency act (i.e., “Families First Coronavirus Response Act” or FFCRA) that passed last week has created new requirements for firms under 500-employees. The Department of Labor (DOL) released initial guidance clarifying several provisions set forth in (FFCRA); including: a model notice, some guidance for handling the notice requirements, along with an updated Questions and Answers (Q&A) document to address many more items [The (Q&A) information and model notice noted below can be helpful to firms of ABOVE 500 employees as well.

Model Notice

Private employers with less than 500 employees who are required to comply with the new Emergency Paid Sick Leave Act and Expanded FMLA requirements going into effect April 1, 2020 are required to provide employees with information about the paid leave. As with other DOL posters (e.g. FMLA and USERRA), the general requirement is that employers must post the notice in a conspicuous location on their premises. However, the DOL recognized that under the current circumstances, many employees may not be working onsite. Therefore, employers can also satisfy the notice requirement if the notice is made available on the employer’s website, or if the notice is mailed or emailed to employees.
The model notice, as well as a Q&A providing instructions for the notice can be found here - https://www.dol.gov/agencies/whd/pandemic 

Additional DOL Questions and Answers

DOL has provided an updated Q&A document providing information on some of the paid leave requirements taking effect on (4/1/2020) and how to count employees for purposes of the 500 employees threshold. The clarifications include, among other things:
• Documentation requirements for those employees requesting paid leave;
• The availability of paid leave for employees who are permitted to telework;
• The availability of paid leave for employees who are furloughed or laid off;
• When intermittent paid leave may be available;
• The ability for employees to supplement paid leave with other employer-provided paid leave; and
• Continuation of group health benefits during and after paid leave.

There are certainly still questions to be answered. DOL is expect to provide further guidance over the next couple of weeks, but the Q&A document is helpful in supplying some direction for employers who are preparing to comply with these new paid leave requirements next week. [NOTE: The DOL has promised some flexibility around enforcement through April 17, 2020, during which time the DOL indicates it would prefer to work with employers to help them understand and comply with the requirements. Employers will not be penalized for failure to comply during this period if the employer is making reasonable, good faith efforts to comply].  The updated DOL FAQ can be found here - https://www.dol.gov/agencies/whd/pandemic/ffcra-questions

FMI has just released their industry study focused on leadership and strategy in bull and bear markets.

Read the report HERE.

The American Tort Reform Association (ATRA) has released its 2019 edition Tort Reform Outlook. The report contains a detailed compendium of the civil justice reform activity expected in the states during their upcoming legislative calendars.

The members of CIRT have made SAFETY a top priority for themselves and the industry.  For its part, CIRT has been a strong supporter of “Safety Week;” a member of the “Drug- and Alcohol-Free Workplace Coalition;” incorporated the subject matter into many of its conference programs; and maintains a resource page on its web site for various safety related matters and information.  Adding to those resources, CIRT is making available to its members a March 2018 comprehensive study/report (well-documented & peer-reviewed covering four states and DC), addressing the impacts (including on workforce) from the legalization of marijuana.   

For a copy of the report go to: https://learnaboutsam.org/wp-content/uploads/2018/04/SAM-Lessons-Learned-From-Marijuana-Legalization-Digital.pdf