Facing expiration of the latest extension of highway spending authorization on Saturday, March 31, the House and Senate passed a 90-day extension (the 9th) allowing for funding of the highway and transit programs and collection of the federal motor fuels taxes (the gas tax) to continue through the end of June. The bill will now go to the President who is expected to sign it before the current extension expires. With both the House and Senate scheduled to go into recess on Friday for the next two weeks, the action was necessary to avoid a shutdown of the Federal Highway Administration (FHWA) and a halt of reimbursements to states for ongoing highway construction contracts.
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Everyone who drives our area highways passes commercial big haul trucks on a regular basis. But do we think about their drivers, the loads they carry or the importance of safe driving while we share the road with these big rigs? Graniterock transportation drivers recently talked about the challenges of safely navigating our area roads as they deliver construction products to our customers. 
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A recent legal presentation at Graniterock’s Concrete and Building Materials Expo has generated a lot of discussion.  One of our speakers told the audience that it is unlawful for a contractor and a homeowner to enter into a contract for home improvement work where the price term is based on “time and materials” (“T&M”).  Several in the audience were surprised to hear this, and questioned whether the statement is true.  After all, T&M contracting is relatively common, and when done correctly is a good way to ensure a fair price for both parties to the contract. 
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Surely one of the most exciting events in Graniterock’s history took place twenty years ago, in 1992. That was the year the U.S. Department of Commerce named Graniterock a winner of the prestigious Malcolm Baldridge National Quality Award.  In December 1992, a lucky few Graniterock Team Members were able to attend the ceremony in Washington, D.C. where President George H.W. Bush presented the award.  
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The Federal Reserve realizes that the U. S. economic recovery is not likely to strengthen appreciably until residential construction recovers. The recent agreement between state attorney generals and major U.S. banks to resolve disputes regarding the handling of housing foreclosures is a plus. Now progress can be made in dealing with the shadow inventory of housing that is in default or mortgages that remain unpaid. In communities with a high number of shadow inventory homes, it is very difficult to get the housing construction sector started again because buyers fear that home prices will go down when the shadow inventory is put on the market.
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When an organization extends over more than one hundred years, many opportunities arise to reflect on the achievement.  I am often asked, “So what lessons are there from the last 112 years for you and Graniterock People?”  It’s a good question.
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The U. S. Economy added 243,000 jobs in January – the fastest rate since April, 2011. The increase appears to be a solid one based on economic information collected in government surveys. The official government unemployment rate declined from 8.5% to 8.3%. Manufacturing added 50,000 jobs and 21,000 new jobs were added to construction. In a separate household survey, a huge 847,000 increase in employment for January was found. It takes some months for employment data to shake-out but all point to a continued recovery with lowered danger of a double-dip recession. A better job outlook may encourage disappointed job seekers to return to the job market pushing up the unemployment rate.
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This is the third in a series on Changes to the Construction Law 2012 by Kevin Jeffery, Graniterock Legal Counsel.
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This is the second in a series on Changes to the Construction Law 2012 by Kevin Jeffery, Graniterock Legal Counsel.
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Having an Effective Leadership Framework.  
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