2017 FWCCA Annual Convention

FWCCA 2017

The Florida Wall & Ceiling Contractors Association had their Annual Convention last week at the Gaylord Palms Resort in Orlando.

Cheryl Foley and Sarah Drinnan represented Florida Surety Bonds for the second year in a row. This year was better than ever! It was held at a beautiful location, there were over 70 exhibitors and we made some great connections! Florida Surety Bonds is proud to be a member of such a great association.

Changes Coming To Credit Reports

Credit Report written in search bar on virtual screen

We came across an interesting article yesterday regarding some big changes to credit reports.

The article states “up to 7% of people with credit scores could see them rise beginning July 1st when credit reporting agencies will start excluding most civil judgements and about half of all tax lien data from credit reports”

Read the full article HERE

2017 NAWIC Construction Career Camp

National Association of Women in Construction “NAWIC” is one of the largest Women’s organizations in America. NAWIC has events throughout the year that give back to the community; one of their many events is Construction Career Camp.

Construction Career Camp  provides a supportive and nurturing environment for high school girls to explore and develop basic skills in the areas of carpentry, electrical and HVAC/plumbing…..and it is absolutely free! The camp offers high school girls a gender-neutral environment to learn and practice new skills without fear of being teased or isolated. It helps them to develop greater self-confidence, self-esteem, and a great “we can do it” mindset. Over the week long camp, the girls are engaged in and successfully complete several different projects, learn about safety procedures, and get tips on how to become successful when starting their careers.

The camp is always the second week in June. This year it was held at West Side Technical School in Winter Garden.

Here are some pictures of their drywall and toolbox making day. They started the day learning the do’s and don’ts of interviewing, then headed to the shop to make tool boxes and learn how to hang and repair drywall.

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Central Florida Expressway Authority’s Largest Work Plan Just Approved

Orlando, Florida

On Friday, May 12, The Central Florida Expressway Authority announced that the largest work plan in its history was approved. The board unanimously voted to adopt a five-year, $1.6 billion work plan which is expected to create over 11,000 jobs over the next five years.

The five-year plan includes:

  • Widening existing expressways (approx. 40 miles)
  • Resurfacing, improved roadway lighting and signs (approx. 60 miles)
  • New toll collection systems and safety projects

Part of the plan is to complete the Expressway’s sections of the Wekiva Parkway, which is scheduled to be completed by Spring 2018. Also a big chuck of the budget, $230 million, will be contributed to the state for use on the I-4 Ultimate State Road 408/I-4 Interchange project.

According to bizjournal.com, “The agency plans to have its work plan projects designed, built and operational by 2022, which is the end of the new work plan. The authority’s plan also will contribute $1 billion in gross domestic product to the local economy as well as saving 32 hours annually traveling on its expressways.”

More details to come, stay tuned!

Construction Spending Predicted to Increase in 2017

Graphics Construction Growth. Buildings Of City, And Growth. Vec

Per www.forconstructionpros.com “FMI’s forecast for 2017 predicts an increase of 6% for the total value of construction put in place in the U.S. With GDP most recently reporting 2.1% growth in the fourth quarter of 2016, construction growth of 6% looks solid. Although this is a drop from the hot pace of growth from 2013 through 2015, it seems to indicate that the recovery bounce is over and more normal growth is in store for the next few years.

The Nonresidential Construction Index (NRCI) score for the second quarter slipped 1.1 points but remains at an optimistic 61.4. The backlog index indicates a median of 12 months, unchanged for the last three quarters, and the cost of labor index is still indicating higher costs. When labor and materials costs rise, the overall NRCI index decreases somewhat. Nonetheless, FMI points out that rising costs of labor and materials indicate that the economy is supporting these increases.

Other economic components gained or lost within a point of last quarter’s results. The areas to watch, however, are the market indices. As in the Outlook forecast, panelists expect manufacturing construction to grow solidly for the next three months to three years. Other markets are still registering positive numbers, but lodging, office and commercial construction indicate that NRCI panelists expect a sharp downturn in those markets next year, particularly for commercial and lodging construction.”

To see the forecasts for the key sectors, click here HERE for the full article.

 

Credit: www.forconstructionpros.com