Democrats today unveiled a new, $3 trillion coronavirus relief bill that is scheduled for a vote as early as this Friday. Click HERE to read AGC’s initial assessment of the measure, which includes some positive measures, but fails to address the need for a liability safe harbor provision, among other flaws, that are likely to undermine the sector’s recovery.
For more insight into the politics behind the new relief measure, information about other paycheck protection tax breaks already available to members, and a summary of other developments to expect this week, tune in to the latest AGC Constructor Cast Coronavirus Special Report, available to watch HERE, and listen HERE.
AGC will be hosting Part Two of the webinar series-Building Contractors – Preparing yourself and your jobsite for the Impacts of Covid-19 on Thursday, May 14. This series will help answer questions about the life cycle of a project while operating through Covid-19 and part two will focus on reopening projects previously shut down. Click HERE to register for the webinar.
A reminder to members that May 14th is the deadline the Treasury Department has set for firms to return Paycheck Protection Program loans. AGC has continued to push the Treasury Department (read letter HERE) to clarify its guidance, and has also made available a packet (view HERE) of information, including news reports and AGC economic analysis, to provide context for why firms may have opted to apply for a Paycheck Protection Program loan.
’t forget to send us pictures of your crews practicing coronavirus safety measures, especially pictures of crews wearing face masks. You can send those to Brian Turmail at email@example.com and Sophia Valentino at firstname.lastname@example.org.
And we wanted to end tonight’s update with this inspirational new video, HERE, from AGC highlighting the work member firms are doing to expand healthcare facilities across the country