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• Construction Input Prices Inch Up in August, but Lower Than 1 Year Ago

  Construction input prices increased 0.1% in August compared to the previous month

• DOD Issues Final Cybersecurity Rule for Federal Contractors; ABC Calls for Flexibility on Related CMMC Proposed Rule

  On Oct. 15, the U.S. Department of Defense issued a final rule establishing its Cybersecurity Maturity Model Certification Program requiring federal contractors and subcontractors competing for DOD contracts to demonstrate continued compliance with a range of cybersecurity measures in order to maintain eligibility for performing and winning new federal awards.

• Monthly Construction Input Prices Unchanged in November, Says ABC

  Construction input prices were unchanged in November compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices increased 0.1% for the month.

• ABC Applauds Court Decision Upending DOL’s Unlawful Overtime Rule

  ABC Applauds Court Decision Upending DOL’s Unlawful Overtime Rule

• Compliance Update: Corporate Transparency Act BOI Reporting Requirements

  Effective Jan. 1, 2024, the Corporate Transparency Act requires certain entities, including many small businesses, to report information about the individuals who ultimately own or control them (also known as their “beneficial owners”) to the Financial Crimes Enforcement Network, a bureau of the U.S. Department of the Treasury.

• Nonresidential Construction Employment Increases in July

  The construction industry added 25,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 239,000 jobs, an increase of 3.0%.