Virtual design with building information modeling saves taxpayer dollars

by Jim Lynch, Vice President, Autodesk Construction Products Group No longer the infrastructure envy of the world, many of the United States’ roads, bridges and tunnels are crumbling and in need of substantial maintenance or replacement. Compounding these challenges are the pressures of increased urbanization and population growth, which will place added stress on already strained systems. So, while the Beltway banter continues about addressing infrastructure funding, we can no longer focus solely on the amount of spending, but ratherRead More

Construction wages rising:
Firms paying more, but labor market remains tight

An Associated General Contractors of America (AGC) analysis showed construction wages on the rise, which seems to be attracting workers to return to the industry. The organization cautioned, however, that labor conditions still remain extremely tight. “Many firms are boosting pay and taking other steps to compete for a relatively small pool of available, qualified workers to hire,” said Stephen E. Sandherr, AGC’s Chief Executive Officer. “While these measures appear to be luring construction workers back to the job market,Read More

Tax Prep on desk

Investment Incentive: New tax law allows bonus depreciation on used equipment

Used equipment buyers are the recipients of expanded benefits with the passage of last year’s tax law, including the ability to combine Section 179 Expensing and first-year bonus depreciation. Previously, bonus depreciation was limited to new purchases only. Section 179 Expensing by itself can be significant, and generally companies use this deduction first. The Tax Cut and Jobs Act doubled the deduction limit to $1 million on qualifying equipment purchases, including previously owned machinery. It also raised the spending capRead More