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In a decision that critics have called “unprecedented” the Federal Energy Regulatory Commission on December 19, 2019 issued an Order Establishing Just And Reasonable Rate “to protect the competitive capacity market administered by PJM Interconnection, L.L.C.” state renewable portfolio standards) the loser.
Four root causes have been identified by the National Infrastructure Commission as being behind systemic failures of cost management on major infrastructure projects in a new report ‘Cost drivers of major infrastructure projects in the UK’. See the panel to the right.
Measures to streamline the judicial review process, reduce the amount of time it takes for legal challenges against projects to move through the courts, and improve the way data on case progress is published have been proposed in an independent report commissioned by the Ministry of Housing, Communities and Local Government.
The Commissioning Team at the DC Water Tunnel Dewatering Pump Station and Enhanced Clarification Facility recently conducted its first Pull Planning session. Pull Planning, which is a component of the Lean-based Last Planner System, helps.
A review of environmental regulation commissioned by the department for the Environment, Food and Rural Affairs rules out the need for a bonfire of the regulations, but says the current system is outdated, inefficient and highly complex. See the panel to the right.
The Treasury has announced that a new National Infrastructure and Service Transformation Authority (NISTA) to replace the National Infrastructure Commission (NIC) and the Major Projects Authority (MPA) will be launched in Spring next year. See the panel to the right.
Securities and Exchange Commission issued a long awaited proposed new ESG rule to mandate climate risk disclosures by public companies and other businesses in their supply chains. Admittedly the proposed rule does not require the attestation be by a registered public accounting firm, but it leans hard in that direction.
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To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account. See the panel to the right.
In recent weeks this law firm has received more inquiries than at any time in recent years about the Securities and Exchange Commission’s disclosure requirements for public companies as they apply to climate change matters. if only as an indirect consequence of buildings accounting for 72% of the electricity consumption in the U.S.).
Queensland’s Project Trust Account framework is designed to strengthen the security of payments to subcontractors in the state’s building and construction industry. Delivered over five major phases, the trust account framework will progressively expand over time to capture more eligible contracts and contractors.
Three weeks ago the Federal Trade Commission sent warning letters to 5 providers of environmental certification seals and 32 businesses using those green seals, alerting them to the Agency’s concerns that the seals could be considered deceptive in violation of federal law. The FTC enforces the Federal Trade Commission Act, 15 U.S.C. §
if only as an indirect consequence of buildings accounting for 72% of the electricity consumption in the U.S.). . When a company is required to file a disclosure with the Commission, those disclosures (e.g., Federal securities laws and SEC regulations require certain disclosures by public companies for the benefit of investors.
The construction software giant disclosed April 1 that it is conducting an internal investigation into its own accounting practices and filed for an extension to submit its 2023 annual report with the U.S. Securities and Exchange commission.
To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account. See the panel to the right.
Firm will pay $500K in pact over serial accounting errors and "coverup" of losses in Securities and Exchange Commission pact; one charged former exec denies the allegations.
Summer nuclear project, according to testimony that marked the start of South Carolina Public Service Commission hearings on the nuclear expansion. SCANA utility executives lied about the true status of the now-canceled V.C.
While I was on the Baltoro glacier making my way down from K2 in Pakistan earlier this month the Securities and Exchange Commission informed Exxon Mobil Corp. that it closed its investigation into whether the company had misled investors about the risks that climate change posed to its business.
The International Organization of Securities Commissions (IOSCO) plans to publish guidance for raters of corporate ESG performance in July. In the U.S., However, there may be some good guidance available in a matter of days. Unfortunately, that strong reaction to this effort has not been positive.
million to settle a Federal Trade Commission greenwashing complaint alleging that their nationally marketed bath and beauty products are neither “certified organic” nor “vegan” as falsely claimed. Truly Organic sold products nationwide using its own website and voracious social media accounts. and its founder will pay $1.76
The Labour Party will scrap the Infrastructure and Projects Authority (IPA) and National Infrastructure Commission (NIC) if it wins the General Election, and replace them with a new body to be called the National Infrastructure and Service Transformation Authority (NISTA). See the panel to the right.
Staffordshire-based JCB commissioned economic research consultancy Oxford Economics to assess the company’s economic contribution to the UK, the West Midlands and Staffordshire. billion make a positive contribution to the UK’s trade balance with the company accounting for 0.6% •JCB’s export revenues of £1.35
In fact, in every year since 2011, The Public Service Commission admits that between 70% and 75% of RECs retired for compliance with this law were generated out of state. Maryland has been and now, more than ever, will be far ahead of what the electricity generating marketplace can do.
In order to begin producing SRECs, a solar installation owner must apply for a one time certification from the Maryland Public Service Commission. This law firm has given opinions on RECs transactions that RECs are properly accounted for and no double counting has taken place, but it is the Wild West out there.
million must be transferred from the Wastewater Account of the Bay Restoration Fund to the Chesapeake and Atlantic Coastal Bays 2010 Trust Fund for tree plantings on public and private land, and for fiscal 2024 through 2031, the Governor must include an annual appropriation of $2.5
The Federal Trade Commission issued revised “Green Guides” , 16 CFR Part 260, in late 2012 that are designed to help ensure that claims made about the environmental attributes are truthful and non-deceptive under Section 5 of the FTC Act, 15 U.S.C.
The construction software giant disclosed April 1 that it is conducting an internal investigation into its own accounting practices and filed for an extension to submit its 2023 annual report with the U.S. Securities and Exchange commission.
But calculatedly, the Maryland Portfolio Standard does not take into account that more than one third of electricity in the State is generated from nuclear power, the ultimate (but controversial) renewable energy source that produces virtually no greenhouse gas emissions. and the very highest among all south Atlantic states.
The NHS is in a critical condition after being starved of capital to invest in new healthcare buildings or to maintain them adequately, according to a government commissioned report. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.
The Departments for Energy Security and Net Zero and Environment Farming and Rural Affairs must take a ‘One Crisis’ approach to tackle climate change, pollution and biodiversity loss, says the Environmental Industries Commission (EIC) in a report. See the panel to the right.
A ‘Rail and Urban Transport Review’ commissioned by the Labour Party while in opposition has published recommendations to accelerate the unlocking of benefits from rail and urban transport infrastructure investment, calling for a greater role for private funding. See the panel to the right.
The contractor does not "admit or deny" charges on legacy project accounting violations, says US Securities and Exchange Commission but cooperated with its financial reporting probe and boosted its internal controls—as agency reached similar pact with former McDermott execs in June
There are a panoply of federal laws within discreet silos, including significantly: The Health Insurance Portability and Accountability Act (HIPAA), The Family Educational Rights and Privacy Act (FERPA), the Fair and Accurate Credit Transaction Act (FACTA), and the like. establish requirements for a business after a data breach.
The Australian Building and Construction Commission (ABCC) is responsible for monitoring all builders and infrastructure organisations to ensure that they abide by the Building Code. Through site visits, inspections, compliance audits and education and advice sessions, the ABCC is able to closely observe contractors.
But calculatedly, the Maryland Portfolio Standard does not take into account that more than one third of electricity in the State is generated from nuclear power, the ultimate (but controversial) renewable energy source. Maryland first adopted a Renewable Energy Portfolio Standard in 2004 and has subsequently increased it.
Do not bundle remove and replace into one single line item as there are too many variations involved in removal to account for all instances and/or site conditions. As labor, on average account for 60% of construction costs, labor research techniques must be carefully evaluated.
Without it, the project team wouldn’t be able to have a clear overview of what needs to be ordered, what needs to be commissioned, and what has to be delivered and/or checked next. This absence of accountability reflects also on the way the supply chain manages both the short and long-term planning of a construction project.
When an employee is terminated and claims unemployment benefits in Louisiana, the claim is associated with your business’ account and will affect your unemployment insurance rates in the future. In Louisiana, unemployment claims are administered by the Louisiana Workforce Commission.
Given the importance of the construction and engineering industry for the functioning of economies, Autodesk has commissioned independent research to analyse the trends impacting the industry and the level of digital adoption across Australia, Japan and Singapore.
As such, you must define quality procedures to ensure a smooth transition from planning, commissioning, and execution to completion. These checklists serve as valuable tools to ensure that every task and requirement is accounted for, and they provide a structured framework for managing quality throughout the project.
We have expanded our services beyond just QuickBooks for construction and contractors and now offer Xero Accounting Online For Realtors. including full access to Xero Accounting Software until 01-31-14. Anyone interested in continuing further will be offered ongoing Xero Online Accounting and business consulting at a discounted rate.
The company also faced an investigation into its accounting practices by the Securities and Exchange Commission and by its board of directors, according to The Information. The company had publicly struggled meeting its promises and value. It laid off hundreds of employees last year and neared bankruptcy.
Your Tax Bill Is Based - On reports produced from your accounting system. Several years ago the accounting departments of smaller construction companies with less than $10M in annual sales had to slog through dozens of mind numbing General Journal Entries in order to "Close The Books". Reconcile Bank And Credit Card Accounts.
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