News: Construction Design & Engineering

Summer is in full swing - The annual ASM Golf Tournament held July 13

Jim Welch

Summer is in full swing, and the annual ASM Golf Tournament just occurred. This year’s tournament was a sell-out, with nearly 300 golfers registered. Each year, the tournament is integral to how ASM can offer scholarships to deserving students attending or planning to attend college in the fall. Scholarship winners were announced and presented at the golf tournament dinner on July 13. 

One of our long-time members, Marr Companies, recently celebrated its 125th Anniversary with a celebration at their new facility in Braintree. ASM congratulates the Marr family and all the women and men who have made their company what it is today. 

We are excited that ASM plans to begin offering a lien service to our member companies in collaboration with our friends at Corwin & Corwin LLP. The new program will be rolled out later this summer, with more details to be shared with our members in the coming weeks. 

The State House is busy with both the House and the Senate working to resolve the FY ’24 state budget and many committee hearings on legislation we are monitoring. A public hearing took place on June 27 with the Committee on State Administration and Regulatory Oversight to hear many pieces of legislation that ASM will be weighing in on. Notably, one of our top legislative priorities, “An act relative to timely public payments for work not included in original construction contracts,” was part of the hearing, and ASM testified and submitted testimony in favor.

Many other bills dealing with public construction and bid laws will also be held. ASM will monitor these closely to ensure subcontractors are well-represented as the committee considers these issues. As these bills move through the legislative process, we will work every step to ensure our members’ voices are heard. 

It promises to be exciting next several weeks as both the House and Senate will be working on legislation before their summer break in August. We will keep you updated on any progress on legislative matters that may affect ASM members.

As always, please contact us if you’d like to learn more about joining our association. 

Jim Welch is the Associated Subcontractors of MA executive director/CEO, Boston.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary