Most states require that contractors be licensed and bonded to perform construction work. Each state, including California, has its own rules for licensing and surety bond requirements for contractors to practice their trade legally.
The Contractors State License Board (CSLB) regulates the construction industry in California. To get a contractor’s license in the state, you must apply for the right one. There are four general types of Continue Reading...
The increase in frequency and severity of climate hazards – from hurricanes to tornadoes, hail, flooding, and wildfires – has renewed the focus on resiliency efforts so that communities can better weather these events. Safeguarding communities against natural disasters requires up-to-date hazard-resistant building codes to reduce casualties, costs, and property damage.
Modern building codes play an important role in Continue Reading...
According to the latest statistics from eMarketer, 133.5 million users are accessing Instagram, the photo-sharing app, monthly. The platform is ranked fourth among all social media networks worldwide after Facebook, YouTube, and WhatsApp. Seventy-one percent of people aged 18-29 have active Instagram accounts, 48% aged 30-49 do, 29% aged 50-64 do, and 13% of those 65 and over do. Forty-two percent of people using the app earn more than $75,000.
These numbers reflect a strong basis Continue Reading...
The labor shortage has hit many industries, including construction. Earlier this year, the Associated Builders and Contractors (ABC) estimated that the industry will need to attract an additional 501,000 workers in addition to the normal pace of hiring for 2024.
According to an ABC economist, two factors shape the interaction between construction worker supply and demand. “There are structural factors, including outsized retirement levels, megaprojects in several private and Continue Reading...
More consumers are using mobile phones to make payments. According to estimates provided by Bank of America, 4.4 billion consumers globally will use digital wallets by 2025, compared to just 2.6 billion in 2020.
Digital payments are electronic transactions that do not require exchanging cash. They are made primarily using digital devices (phones, iPads, computers) and the internet. The digital payment ecosystem relies on several intermediaries working together to achieve a smooth Continue Reading...