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Western Edition
April 26 2020 Vol. IX • No. 9
“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
CARES Will Benefit Construction in West Relief Act Helps Airport, Transit, Medical Projects By Lucy Perry
(PPP). In fact, 74 percent of respondents to a weekly AGC member survey The Coronavirus Aid, reported they had applied Relief, and Economic for a PPP loan or intended Security (CARES) Act to do so. AGC found that signed by President Trump of those contractors who is a shot in the arm for parts have applied for a PPP of the U.S. construction loan, 10 percent had actuindustry. The $2 trillion ally been approved, and funding package passed by 54 percent were awaiting Congress in late March desan answer on approval or ignates billions of dollars rejection. for potential construction of “However, the loan hospitals, airports and tranfund has reportedly been sit systems. It is hoped the exhausted already, and next relief package, being many firms may not ironed out at press time, will receive as much as they boost road and bridge conneed, or any” funds, said struction in a major way. Simonson. “Accordingly, Ken Simsonson, chief AGC is lobbying economist of the Associated Ken Simsonson, chief economist of the Associated General Contractors of Congress to quickly General Contractors of American (AGC) said the CARES Act includes “a variety of measures to help busi- agree on expanding the America (AGC), said the nesses stay afloat and retain employees. program.” CARES Act includes “a Other programs under variety of measures to help businesses stay industry and the economy need more.” the Act’s umbrella, such as the reinstatement of Contractors quickly signed up for loans net operating loss carrybacks and payroll tax afloat and retain employees. Construction firms have been among the beneficiaries, but the through the Act’s Paycheck Protection Program see CARES page 30
CEG CORRESPONDENT
I-10 Widening Project in Ariz. Complete...9
New Casino in Las Vegas By Dec. 2020...24
Stadium Construction Still Goes On...38
Table of Contents ............4 Recycling Section.....15-23 Attachment & Parts Section ......................31-35 Truck & Trailer Section .... ..................................41-43 Business Calendar ........45 Auction Section ........47-51 Advertisers Index ..........50
AGC of Colorado: Open for Business Construction in Colorado will go on. That’s according to Associated General Contractors of Colorado CEO Michael Gifford, who believes that keeping construction underway in The Centennial State amid the COVID-19 crisis is paramount to the economy. “As long as we keep working safely, we will keep 175,000 people employed and out of the overburdened unemployment system, and help Colorado avoid a deeper slowdown or recession,” Gifford said in an interview with Bisnow. Colorado is considered a bit of an outlier in that construction work in other parts of the country has halted. Despite other parts of the country shutting down construction see AGC page 36
sites, Colorado will remain open for business.