Published Nationally ®
Southeast Edition
November 17 2021
$3.00
Vol. XXXIII • No. 23
“The Nation’s Best Read Construction Newspaper… Founded 1957.” 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • www.constructionequipmentguide.com
Inside
Pinnacle Cranes Opens New Facility in Midland, N.C . ...12
DECO has Success Taking On Tough Demo Projects...16
One of North Carolina’s largest and most complex road projects has been ongoing since December 2014 and, although a few sections have been opened, its final completion date will still not occur until sometime in the 2030s. The 34.5-mi.-long, $1.7 billion multi-lane freeway, known as the Northern Beltway, is being built around the city of Winston-Salem to help
By Eric Olson
CEG CONTRIBUTING EDITOR APWA Holds Its Conference & Expo in Orlando...62
Table of Contents ................4 Aggregate & Recycling Section ..........................27-37
see BELTWAY page 46
Experts Discuss Tips to Keep the Cash Flowing Contractors Increasingly Adopt Technology in Their Quest to Be Paid in Time, On Time
Attachments & Parts Section ......................................42-48
Cash flow is always an issue in the construction business, but this year it’s magnified by the pandemic, materials prices and supply bottlenecks. This year’s cash flow and payment report from Levelset found that only one in 10 contractors get paid in full. There are ways to reduce the time and effort you put into chasing payments — if you’re ready to adopt technology. That one in 10 represents a 75 percent drop from pre-pandemic payment patterns, according to the Construction Cash Flow & Payment By Lucy Perry
CEG CORRESPONDENT
Truck & Trailer Section ........ ......................................50-52 Auction Section ............68-75 Third-party payment services can mitigate
Business Calendar ............70 the bottlenecks in materials procurement Advertisers Index ..............74
ease traffic for the 100,000 cars and trucks that pass through the area daily. First conceived in the 1960s, the Beltway was originally funded as part of the 1989 Highway Trust Fund bill in the state General Assembly, one of seven urban loops included in the law, according to the North Carolina Department of Transportation (NCDOT). “The purpose of the Northern Beltway was to reduce traffic and boost
and logistics. The sooner the contractor can acquire inventory the cheaper the future project will be.
Report, released annually by Levelset. “The decrease in payment reliability is tightening the financial vise on construction companies,” said the New Orleans-based construction software developer. More than 760 construction professionals were surveyed. The results tie financial risk directly to the construction payment chain. The survey found that general contractors at the top of the chain are four times more likely than subcontractors to get paid within 30 days and 50 percent more likely to get paid in full. see MONEY page 49