The Kentucky Supreme Court ruled on Dec. 14 that a construction owner received substantial benefit in a situation when subcontractors had indisputably performed under the contract and the construction owner had never paid for that work. The ruling is a victory for construction subcontractors and ASA, which urged the state’s high court to reverse an appeals court decision.
Over the next decade, the construction industry will undergo an historic transfer of ownership as retiring baby boomers seek to exit their businesses and find new owners. All too often, owners underestimate the challenge of ownership transition and fail to establish an effective plan. This video-on-demand examines the array of options that owners have to facilitate an ownership transition.
“Miracle on the Hudson” survivor Dave Sanderson will be the keynote speaker at the American Subcontractors Association’s next annual convention, SUBExcel 2018. SUBExcel 2018, the premier education and networking event for construction subcontractors, specialty trade contractors and suppliers, will take place Feb. 28-March 3, 2018, at Tempe Mission Palms in Tempe, Ariz.
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