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	<page pageNumber="1">
		<paragraph><![CDATA[www.ncconstructionnews.com ]]></paragraph>
		<paragraph><![CDATA[WINTER 2018, Volume 13 No.1 ]]></paragraph>
		<paragraph><![CDATA[AGC survey indicates NC market ]]></paragraph>
		<paragraph><![CDATA[optimism, tempered by challenges ]]></paragraph>
		<paragraph><![CDATA[in recruiting skilled workers ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="2">
		<paragraph><![CDATA[In this issue ]]></paragraph>
		<paragraph><![CDATA[4 Offsite construction ]]></paragraph>
		<paragraph><![CDATA[– Here to stay ]]></paragraph>
		<paragraph><![CDATA[5 The Katerra and building ]]></paragraph>
		<paragraph><![CDATA[technology story ]]></paragraph>
		<paragraph><![CDATA[8 Construction: Top 10 List ]]></paragraph>
		<paragraph><![CDATA[of Provisions Included ]]></paragraph>
		<paragraph><![CDATA[in 2017 Tax Reform ]]></paragraph>
		<paragraph><![CDATA[12 14 ]]></paragraph>
		<paragraph><![CDATA[PROJECTS AND ]]></paragraph>
		<paragraph><![CDATA[OPPORTUNITIES ASSOCIATION ]]></paragraph>
		<paragraph><![CDATA[NEWS Publisher’s ]]></paragraph>
		<paragraph><![CDATA[Viewpoint Mark Buckshon, publisher ]]></paragraph>
		<paragraph><![CDATA[If there are two critical themes underly- ]]></paragraph>
		<paragraph><![CDATA[ing North Carolina’s construction industry, ]]></paragraph>
		<paragraph><![CDATA[they would be labor supply/skills and tech- ]]></paragraph>
		<paragraph><![CDATA[nology. This issue of North Carolina Construction ]]></paragraph>
		<paragraph><![CDATA[News covers both themes, both by report- ]]></paragraph>
		<paragraph><![CDATA[ing on Associated General Contractors ]]></paragraph>
		<paragraph><![CDATA[(AGC) of America data outlining the scale of ]]></paragraph>
		<paragraph><![CDATA[labor supply challenges, and our introduc- ]]></paragraph>
		<paragraph><![CDATA[tory report about Katerra, which aims to ]]></paragraph>
		<paragraph><![CDATA[combine high-technology systems and fac- ]]></paragraph>
		<paragraph><![CDATA[tory-built construction to revolutionize the ]]></paragraph>
		<paragraph><![CDATA[industry. Katerra, I realize, hasn’t made much of ]]></paragraph>
		<paragraph><![CDATA[an impact in North Carolina yet. Its first ]]></paragraph>
		<paragraph><![CDATA[projects are largely in the western states, ]]></paragraph>
		<paragraph><![CDATA[reflecting its California tech/capital orienta- ]]></paragraph>
		<paragraph><![CDATA[tion. But its potential impact on the industry ]]></paragraph>
		<paragraph><![CDATA[cannot be overstated. While factory-built ]]></paragraph>
		<paragraph><![CDATA[construction has been around for decades, ]]></paragraph>
		<paragraph><![CDATA[the difference here is the systematization of ]]></paragraph>
		<paragraph><![CDATA[design, technology and production effi- ]]></paragraph>
		<paragraph><![CDATA[ciency to streamline the process to an in- ]]></paragraph>
		<paragraph><![CDATA[credible degree and change the traditional ]]></paragraph>
		<paragraph><![CDATA[industry geographical and skills/qualifica- ]]></paragraph>
		<paragraph><![CDATA[tions silos. While it is too early to say ]]></paragraph>
		<paragraph><![CDATA[Katerra will be to construction like Google ]]></paragraph>
		<paragraph><![CDATA[was to the advertising/news business, I ]]></paragraph>
		<paragraph><![CDATA[think it is worthy of close observation and ]]></paragraph>
		<paragraph><![CDATA[anyone in the trades and supply chain ]]></paragraph>
		<paragraph><![CDATA[should observe/understand how it operates. ]]></paragraph>
		<paragraph><![CDATA[You can share your observations, news ]]></paragraph>
		<paragraph><![CDATA[releases and story ideas by sharing them ]]></paragraph>
		<paragraph><![CDATA[via email to buckshon@ncconstruction- ]]></paragraph>
		<paragraph><![CDATA[news.com. North Carolina Construction News (NCCN) is distributed ]]></paragraph>
		<paragraph><![CDATA[throughout the Carolinas construction industry. ]]></paragraph>
		<paragraph><![CDATA[For information contact: ]]></paragraph>
		<paragraph><![CDATA[Chase, Phone: 1-888-627-8717 ext 212 ]]></paragraph>
		<paragraph><![CDATA[chase@ncconstructionnews.com www.ncconstructionnews.com. ISSN 1940-3682. ]]></paragraph>
		<paragraph><![CDATA[2 — Winter 2018 — The North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[NCCN is circulated on a controlled circulation list to qualified ]]></paragraph>
		<paragraph><![CDATA[readers including members of most major construction asso- ]]></paragraph>
		<paragraph><![CDATA[ciations in the Carolinas. The magazine is supplemented ]]></paragraph>
		<paragraph><![CDATA[by a weekly e-letter which reaches more than 4,000 industry ]]></paragraph>
		<paragraph><![CDATA[leaders each week. ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="3">
		<paragraph><![CDATA[AGC survey indicates NC market ]]></paragraph>
		<paragraph><![CDATA[optimism, tempered by challenges ]]></paragraph>
		<paragraph><![CDATA[in recruiting skilled workers ]]></paragraph>
		<paragraph><![CDATA[North Carolina Construction News staff writer ]]></paragraph>
		<paragraph><![CDATA[North Carolina contractors are feeling modestly opti- ]]></paragraph>
		<paragraph><![CDATA[mistic about their prospects for 2018, but many are ]]></paragraph>
		<paragraph><![CDATA[struggling to recruit enough skilled workers, according ]]></paragraph>
		<paragraph><![CDATA[to a report from the Associated General Contractors of ]]></paragraph>
		<paragraph><![CDATA[America (AGGA). ]]></paragraph>
		<paragraph><![CDATA[“Expecting Growth to Continue: The 2018 Construc- ]]></paragraph>
		<paragraph><![CDATA[tion Industry Hiring and Business Outlook,” shows that ]]></paragraph>
		<paragraph><![CDATA[75 percent of construction firms nationwide plan to ex- ]]></paragraph>
		<paragraph><![CDATA[pand their payrolls in 2018, based on the feeling that ]]></paragraph>
		<paragraph><![CDATA[economic conditions will remain strong as tax rates and ]]></paragraph>
		<paragraph><![CDATA[regulatory burdens fall. ]]></paragraph>
		<paragraph><![CDATA[Nationwide, “construction firms appear to be very ]]></paragraph>
		<paragraph><![CDATA[optimistic about 2018 as they expect demand for all ]]></paragraph>
		<paragraph><![CDATA[types of construction services to continue to expand,” ]]></paragraph>
		<paragraph><![CDATA[AGCA CEO Stephen E. Sandherr, the association’s CEO, ]]></paragraph>
		<paragraph><![CDATA[said in a statement. “This optimism is likely based on ]]></paragraph>
		<paragraph><![CDATA[current economic conditions, an increasingly business- ]]></paragraph>
		<paragraph><![CDATA[friendly regulatory environment and expectations that ]]></paragraph>
		<paragraph><![CDATA[the Trump administration will boost infrastructure in- ]]></paragraph>
		<paragraph><![CDATA[vestments.” The survey indicates that in North Carolina, contrac- ]]></paragraph>
		<paragraph><![CDATA[tors overall anticipate a relatively stable business envi- ]]></paragraph>
		<paragraph><![CDATA[ronment this year, with 48 percent expecting growth, ]]></paragraph>
		<paragraph><![CDATA[eight percent expecting a decline, and 44 percent antici- ]]></paragraph>
		<paragraph><![CDATA[pating things will be about the same as the previous ]]></paragraph>
		<paragraph><![CDATA[year. The most optimistic sector for growth is power, ]]></paragraph>
		<paragraph><![CDATA[while there is an expectation of a decline in the multi- ]]></paragraph>
		<paragraph><![CDATA[family residential sector. ]]></paragraph>
		<paragraph><![CDATA[Significantly, the majority of contractors anticipate in- ]]></paragraph>
		<paragraph><![CDATA[creasing their headcount; with 33 percent expecting to ]]></paragraph>
		<paragraph><![CDATA[add one to 10 employees, 22 percent increasing by 11- ]]></paragraph>
		<paragraph><![CDATA[25 and 19 percent anticipating increasing headcount by ]]></paragraph>
		<paragraph><![CDATA[more than 25. ]]></paragraph>
		<paragraph><![CDATA[The majority of contractors (74 percent) say they are ]]></paragraph>
		<paragraph><![CDATA[having a hard time filling both salaried and craft worker ]]></paragraph>
		<paragraph><![CDATA[positions, while 74 percent expect the trend to continue ]]></paragraph>
		<paragraph><![CDATA[through the year. ]]></paragraph>
		<paragraph><![CDATA[The report shows that 63 percent of the construction ]]></paragraph>
		<paragraph><![CDATA[firms that were polled increased their base pay in 2017 ]]></paragraph>
		<paragraph><![CDATA[to help recruit and retain workers, while 33 percent in- ]]></paragraph>
		<paragraph><![CDATA[creased contributions/improved employee benefits and ]]></paragraph>
		<paragraph><![CDATA[26 percent provided incentives or bonuses. ]]></paragraph>
		<paragraph><![CDATA[The North Carolina Construction News — Winter 2018 — 3 ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="4">
		<paragraph><![CDATA[GUEST COLUMN ]]></paragraph>
		<paragraph><![CDATA[Offsite construction ]]></paragraph>
		<paragraph><![CDATA[– Here to stay ]]></paragraph>
		<paragraph><![CDATA[By Paul E. Davis ]]></paragraph>
		<paragraph><![CDATA[Special to North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[“Modular construction” no longer evokes only mem- ]]></paragraph>
		<paragraph><![CDATA[ories of those boxy “temporary” classrooms used by ]]></paragraph>
		<paragraph><![CDATA[over capacity public school systems. Modular is but ]]></paragraph>
		<paragraph><![CDATA[one of three terms commonly used to describe the ]]></paragraph>
		<paragraph><![CDATA[construction of building components not built on site. ]]></paragraph>
		<paragraph><![CDATA[“Offsite,” “prefabricated,” and “modular” are often ]]></paragraph>
		<paragraph><![CDATA[used interchangeably. ]]></paragraph>
		<paragraph><![CDATA[Modular construction is increasingly a part of new ]]></paragraph>
		<paragraph><![CDATA[construction. The construction industry’s use of offsite ]]></paragraph>
		<paragraph><![CDATA[construction is not new; it has been part of the indus- ]]></paragraph>
		<paragraph><![CDATA[try for many years. For example, window and door as- ]]></paragraph>
		<paragraph><![CDATA[semblies are prefabricated building components that ]]></paragraph>
		<paragraph><![CDATA[have long been a part of the industry. ]]></paragraph>
		<paragraph><![CDATA[What has changed is a broader use and greater ac- ]]></paragraph>
		<paragraph><![CDATA[ceptance of offsite construction as a construction ]]></paragraph>
		<paragraph><![CDATA[process. Increasingly, we are seeing a greater use of ]]></paragraph>
		<paragraph><![CDATA[larger, more complex components built offsite such as ]]></paragraph>
		<paragraph><![CDATA[MEP (mechanical, electrical and plumbing) compo- ]]></paragraph>
		<paragraph><![CDATA[nents that are delivered to the project site already ]]></paragraph>
		<paragraph><![CDATA[wired and fitted with ductwork and piping. Offsite con- ]]></paragraph>
		<paragraph><![CDATA[struction runs the gamut from a window assembly to ]]></paragraph>
		<paragraph><![CDATA[the construction of a complete room such as a ]]></paragraph>
		<paragraph><![CDATA[dormitory room or a hotel bathroom. ]]></paragraph>
		<paragraph><![CDATA[Last fall, developers in Winston-Salem an- ]]></paragraph>
		<paragraph><![CDATA[nounced they would be erecting a Hyatt Place ]]></paragraph>
		<paragraph><![CDATA[hotel using a modular stacked method. Devel- ]]></paragraph>
		<paragraph><![CDATA[opers of this six-story, 56,000 sq. ft. hotel stated ]]></paragraph>
		<paragraph><![CDATA[that use of modular construction would reduce ]]></paragraph>
		<paragraph><![CDATA[construction time from 15 to seven months. ]]></paragraph>
		<paragraph><![CDATA[Similarly, Marriott hotels recently announced ]]></paragraph>
		<paragraph><![CDATA[that it plans to use some form of modular con- ]]></paragraph>
		<paragraph><![CDATA[struction on 13 percent of its new hotels. Its ]]></paragraph>
		<paragraph><![CDATA[use of modular construction will include prefab- ]]></paragraph>
		<paragraph><![CDATA[ricated bathrooms and complete modular gue- ]]></paragraph>
		<paragraph><![CDATA[strooms. Industry experts point to the labor shortage ]]></paragraph>
		<paragraph><![CDATA[the industry has faced in recent years as a sig- ]]></paragraph>
		<paragraph><![CDATA[nificant factor driving the greater use of offsite ]]></paragraph>
		<paragraph><![CDATA[construction. Industry econo- ]]></paragraph>
		<paragraph><![CDATA[mists report that contractors can ]]></paragraph>
		<paragraph><![CDATA[expect to continue to see signifi- ]]></paragraph>
		<paragraph><![CDATA[cant labor shortages for years to ]]></paragraph>
		<paragraph><![CDATA[come. The use of prefabrication ]]></paragraph>
		<paragraph><![CDATA[4 — Winter 2018 — The North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[and modular construction is said to have a direct, ]]></paragraph>
		<paragraph><![CDATA[measurable effect of shortening project schedules and, ]]></paragraph>
		<paragraph><![CDATA[therefore man hours and costs. ]]></paragraph>
		<paragraph><![CDATA[Proponents also note that there is a different type of ]]></paragraph>
		<paragraph><![CDATA[“green” attribute to offsite construction. Building a ]]></paragraph>
		<paragraph><![CDATA[component in a factory should reduce waste as the ]]></paragraph>
		<paragraph><![CDATA[workers perform repetitive tasks in a controlled envi- ]]></paragraph>
		<paragraph><![CDATA[ronment. The use of climate-controlled facilities to ]]></paragraph>
		<paragraph><![CDATA[build components may also reduce the potential for ]]></paragraph>
		<paragraph><![CDATA[high levels of moisture being trapped in new construc- ]]></paragraph>
		<paragraph><![CDATA[tion compared with building the same components on ]]></paragraph>
		<paragraph><![CDATA[site. Offsite construction is not suitable for all types of ]]></paragraph>
		<paragraph><![CDATA[vertical construction. It is best suited for projects with ]]></paragraph>
		<paragraph><![CDATA[repetitive and redundant features, such as student ]]></paragraph>
		<paragraph><![CDATA[housing, education buildings, hospital rooms, and ho- ]]></paragraph>
		<paragraph><![CDATA[tels. Mixed-use and office space is not ideal for offsite ]]></paragraph>
		<paragraph><![CDATA[or prefabrication as building occupants will often re- ]]></paragraph>
		<paragraph><![CDATA[quire space reconfigurations, which can be problem- ]]></paragraph>
		<paragraph><![CDATA[atic with load bearing walls. ]]></paragraph>
		<paragraph><![CDATA[This industry is known for its resistance to change. ]]></paragraph>
		<paragraph><![CDATA[Construction techniques and practices are slow to ]]></paragraph>
		<paragraph><![CDATA[evolve. Certainly, once something is tried and proven ]]></paragraph>
		<paragraph><![CDATA[to work, others will follow, copy, and improve. But who ]]></paragraph>
		<paragraph><![CDATA[wants to go first? ]]></paragraph>
		<paragraph><![CDATA[There is a mistaken belief that taking advan- ]]></paragraph>
		<paragraph><![CDATA[tage of modular construction or prefabrication as ]]></paragraph>
		<paragraph><![CDATA[a construction tool is an all or nothing proposi- ]]></paragraph>
		<paragraph><![CDATA[tion. On the contrary, most projects, except per- ]]></paragraph>
		<paragraph><![CDATA[haps for those modular temporary classrooms, ]]></paragraph>
		<paragraph><![CDATA[can benefit in many ways from an increased use ]]></paragraph>
		<paragraph><![CDATA[of either prefabrication or modular construction ]]></paragraph>
		<paragraph><![CDATA[without a sacrifice in the elegance of design or ]]></paragraph>
		<paragraph><![CDATA[the quality of construction. ]]></paragraph>
		<paragraph><![CDATA[Paul E. Davis is a partner in the Raleigh office ]]></paragraph>
		<paragraph><![CDATA[of Conner Gwyn Schenck PLLC. He regularly rep- ]]></paragraph>
		<paragraph><![CDATA[resents public and private owners, developers, ]]></paragraph>
		<paragraph><![CDATA[contractors, and construction managers. Paul, ]]></paragraph>
		<paragraph><![CDATA[along with the other lawyers at Conner Gwyn ]]></paragraph>
		<paragraph><![CDATA[Schenck PLLC, are authors of N ORTH C AROLINA C ON - ]]></paragraph>
		<paragraph><![CDATA[STRUCTION L AW , a treatise published ]]></paragraph>
		<paragraph><![CDATA[by Thomson Reuters. Paul’s full bi- ]]></paragraph>
		<paragraph><![CDATA[ography can be viewed at ]]></paragraph>
		<paragraph><![CDATA[www.cgspllc.com. ]]></paragraph>
	</page>
	<page pageNumber="5">
		<paragraph><![CDATA[The Katerra ]]></paragraph>
		<paragraph><![CDATA[and building ]]></paragraph>
		<paragraph><![CDATA[technology story ]]></paragraph>
		<paragraph><![CDATA[North Carolina Construction News staff writer ]]></paragraph>
		<paragraph><![CDATA[Is a technological/business model revolution about ]]></paragraph>
		<paragraph><![CDATA[to overtake North Carolina’s construction industry – yet ]]></paragraph>
		<paragraph><![CDATA[we hardly see it coming? ]]></paragraph>
		<paragraph><![CDATA[If building materials consultant Mark Mitchell’s per- ]]></paragraph>
		<paragraph><![CDATA[ception is correct, Katerra, a new high-tech start-up ]]></paragraph>
		<paragraph><![CDATA[combining technology, design, distribution and modu- ]]></paragraph>
		<paragraph><![CDATA[lar (factory) construction will soon reshape the industry ]]></paragraph>
		<paragraph><![CDATA[in manners similar to the way Uber tore apart the local ]]></paragraph>
		<paragraph><![CDATA[taxi industry and Craigslist decimated local newspa- ]]></paragraph>
		<paragraph><![CDATA[pers. “In its own way, I predict this will have as much ef- ]]></paragraph>
		<paragraph><![CDATA[fect on residential and commercial new construction,” ]]></paragraph>
		<paragraph><![CDATA[writes Mitchell, based in Boulder, CO. “Lack of effi- ]]></paragraph>
		<paragraph><![CDATA[ciency will make the way (building products) manufac- ]]></paragraph>
		<paragraph><![CDATA[turers do business now irrelevant in new construction. ]]></paragraph>
		<paragraph><![CDATA[They may be relegated to competing with each other ]]></paragraph>
		<paragraph><![CDATA[in the repair/remodel, big box and smaller high-end ]]></paragraph>
		<paragraph><![CDATA[custom construction.” ]]></paragraph>
		<paragraph><![CDATA[Of course modular building has been around for ]]></paragraph>
		<paragraph><![CDATA[decades, serving several niche markets in North Car- ]]></paragraph>
		<paragraph><![CDATA[olina and elsewhere. The difference this time is the in- ]]></paragraph>
		<paragraph><![CDATA[tegration on a multinational level between technology, ]]></paragraph>
		<paragraph><![CDATA[design, manufacturing and delivery – and massive capi- ]]></paragraph>
		<paragraph><![CDATA[tal funding for the new enterprises. ]]></paragraph>
		<paragraph><![CDATA[Currently leading the pack, Katerra’s company head- ]]></paragraph>
		<paragraph><![CDATA[quarters are the Sand Hill Rd. tech venture capitalist ]]></paragraph>
		<paragraph><![CDATA[epicenter in Menlo Park, CA, with a construction office ]]></paragraph>
		<paragraph><![CDATA[in Scottsdale, AZ and design office in Seattle. It also is ]]></paragraph>
		<paragraph><![CDATA[building a Cross Laminated Timber (CLT) factory in ]]></paragraph>
		<paragraph><![CDATA[Spokane, WA. ]]></paragraph>
		<paragraph><![CDATA[The start-up purportedly has a valuation of about ]]></paragraph>
		<paragraph><![CDATA[$2.5 billion, according to PitchBook Data. Early in- ]]></paragraph>
		<paragraph><![CDATA[vestors have raised as much as $244 million – and pub- ]]></paragraph>
		<paragraph><![CDATA[lished reports indicate the company is preparing to ]]></paragraph>
		<paragraph><![CDATA[raise another $200 million this year, at least. ]]></paragraph>
		<paragraph><![CDATA[Currently the organization, founded in 2015, has ]]></paragraph>
		<paragraph><![CDATA[projects underway in California, Oregon, Washington, ]]></paragraph>
		<paragraph><![CDATA[Idaho and Nevada, but there is little stopping it from ]]></paragraph>
		<paragraph><![CDATA[The North Carolina Construction News — Winter 2018 — 5 ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="6">
		<paragraph><![CDATA[expanding its scope and geographical range. Katerra ]]></paragraph>
		<paragraph><![CDATA[says it has about 1,000 employees in four countries ]]></paragraph>
		<paragraph><![CDATA[and already is among the top 25 general contractors in ]]></paragraph>
		<paragraph><![CDATA[the U.S. ]]></paragraph>
		<paragraph><![CDATA[“Katerra is bringing fresh minds and tools to the ]]></paragraph>
		<paragraph><![CDATA[world of architecture and construction,” the company ]]></paragraph>
		<paragraph><![CDATA[says in its corporate outline. “We are applying systems ]]></paragraph>
		<paragraph><![CDATA[approaches to remove unnecessary time and costs ]]></paragraph>
		<paragraph><![CDATA[from building development, design, and construction.” ]]></paragraph>
		<paragraph><![CDATA[“With the latest technology at our fingertips, effi- ]]></paragraph>
		<paragraph><![CDATA[ciency no longer has to come at the expense of quality ]]></paragraph>
		<paragraph><![CDATA[or sustainability. Led by a team that combines expert- ]]></paragraph>
		<paragraph><![CDATA[ise from the most groundbreaking technology, design, ]]></paragraph>
		<paragraph><![CDATA[manufacturing, and construction companies, we are ]]></paragraph>
		<paragraph><![CDATA[transforming how buildings and spaces come to life.” ]]></paragraph>
		<paragraph><![CDATA[“The way we think about a construction site is to ]]></paragraph>
		<paragraph><![CDATA[turn it into an assembly site and make it a factory like ]]></paragraph>
		<paragraph><![CDATA[we used to do at Flextronics,” CEO Michael Marks said ]]></paragraph>
		<paragraph><![CDATA[in a published report. (Marks led Flextronics in the ]]></paragraph>
		<paragraph><![CDATA[1990s and early 2000s.) “The thing that is so messed ]]></paragraph>
		<paragraph><![CDATA[up in the real estate business is how many different ]]></paragraph>
		<paragraph><![CDATA[parties are involved in getting anything done.” ]]></paragraph>
		<paragraph><![CDATA[In his weekly newsletter, Mitchell – who provides ]]></paragraph>
		<paragraph><![CDATA[marketing consultancy services to a diversity of build- ]]></paragraph>
		<paragraph><![CDATA[ing product manufacturers – says the coming construc- ]]></paragraph>
		<paragraph><![CDATA[tion technology/manufacturing revolution envisaged by ]]></paragraph>
		<paragraph><![CDATA[Katerra will take place when the company approaches ]]></paragraph>
		<paragraph><![CDATA[“builders and developers with an offer they can’t re- ]]></paragraph>
		<paragraph><![CDATA[fuse – to design and build for them at a lower cost with ]]></paragraph>
		<paragraph><![CDATA[higher quality, and to do it faster.” ]]></paragraph>
		<paragraph><![CDATA[“What if the builder could eliminate the need for de- ]]></paragraph>
		<paragraph><![CDATA[signers, estimators, installation labor, and materials ]]></paragraph>
		<paragraph><![CDATA[sourcing,” he writes. “Just like Nike or Apple, builders ]]></paragraph>
		<paragraph><![CDATA[will become brands who don’t need to actually make ]]></paragraph>
		<paragraph><![CDATA[anything themselves.” ]]></paragraph>
		<paragraph><![CDATA[Mitchell suggests the integrated, technology-based ]]></paragraph>
		<paragraph><![CDATA[modular construction process will uproot the tradi- ]]></paragraph>
		<paragraph><![CDATA[tional new construction market with these changes: ]]></paragraph>
		<paragraph><![CDATA[6 — Winter 2018 — The North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[• The builder, Katerra, will be ordering truckloads of ]]></paragraph>
		<paragraph><![CDATA[products to be delivered to their factories. No more ]]></paragraph>
		<paragraph><![CDATA[need for distributors, dealers or contractors; ]]></paragraph>
		<paragraph><![CDATA[• Labor shortages and installation errors will be a ]]></paragraph>
		<paragraph><![CDATA[thing of the past; ]]></paragraph>
		<paragraph><![CDATA[• The builder will be taken out of the equation when it ]]></paragraph>
		<paragraph><![CDATA[comes to product sourcing. There will be no more ]]></paragraph>
		<paragraph><![CDATA[rebates. Katerra will want the best bottom line price, ]]></paragraph>
		<paragraph><![CDATA[period; and ]]></paragraph>
		<paragraph><![CDATA[• Katerra will be able to look at making really big ]]></paragraph>
		<paragraph><![CDATA[changes in how homes and buildings are built. Be- ]]></paragraph>
		<paragraph><![CDATA[cause of their scale and process, it will be easy for ]]></paragraph>
		<paragraph><![CDATA[Katerra to consider big changes like changing to ]]></paragraph>
		<paragraph><![CDATA[metal framing in residential construction. ]]></paragraph>
		<paragraph><![CDATA[Mitchell predicts Katerra’s industry changes will ]]></paragraph>
		<paragraph><![CDATA[happen fast. “And just like the taxi industry, the Na- ]]></paragraph>
		<paragraph><![CDATA[tional Association of Home Builders (NAHB) and some ]]></paragraph>
		<paragraph><![CDATA[builders may try to push back with legislation that may ]]></paragraph>
		<paragraph><![CDATA[slow but won’t stop this change,” he writes. ]]></paragraph>
		<paragraph><![CDATA[Writing to building products manufactures, Mitchell ]]></paragraph>
		<paragraph><![CDATA[says: “In two to three years, or sooner, you will feel the ]]></paragraph>
		<paragraph><![CDATA[effects of this change as your larger builders will no ]]></paragraph>
		<paragraph><![CDATA[longer be buying from you. It will also happen to you in ]]></paragraph>
		<paragraph><![CDATA[the commercial area.” ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="7">
		<paragraph><![CDATA[Looking for a solid legal foundation? ]]></paragraph>
		<paragraph><![CDATA[Our construction ]]></paragraph>
		<paragraph><![CDATA[attorneys can help you ]]></paragraph>
		<paragraph><![CDATA[reach new heights. ]]></paragraph>
		<paragraph><![CDATA[Mitchell also predicts there will be some high level ]]></paragraph>
		<paragraph><![CDATA[competition to Katerra, just as Lyft competes with ]]></paragraph>
		<paragraph><![CDATA[Uber. “Look for people like Elon Musk or others to cre- ]]></paragraph>
		<paragraph><![CDATA[ate new companies designed to compete with ]]></paragraph>
		<paragraph><![CDATA[Katerra.” Katerra and other high-level integrated technol- ]]></paragraph>
		<paragraph><![CDATA[ogy/modular builders will gain traction in part because ]]></paragraph>
		<paragraph><![CDATA[of an increasing number of successful completed proj- ]]></paragraph>
		<paragraph><![CDATA[ects, coupled with pressures on labor supply caused ]]></paragraph>
		<paragraph><![CDATA[in part by increasing immigration restrictions in the ]]></paragraph>
		<paragraph><![CDATA[U.S., says another consultant. ]]></paragraph>
		<paragraph><![CDATA[“In 2018, I believe we will see a perfect storm of ]]></paragraph>
		<paragraph><![CDATA[factors – an aging global workforce, a lack of new en- ]]></paragraph>
		<paragraph><![CDATA[trants and growing restrictions on free movement of ]]></paragraph>
		<paragraph><![CDATA[labor - begin to decisively accelerate the uptake of ]]></paragraph>
		<paragraph><![CDATA[construction integrated manufacturing,” writes Kenny ]]></paragraph>
		<paragraph><![CDATA[Ingram, global industry director at IFS, a software de- ]]></paragraph>
		<paragraph><![CDATA[veloper. “Government, regulatory bodies and the industry ]]></paragraph>
		<paragraph><![CDATA[alike will start to realize that, while getting more peo- ]]></paragraph>
		<paragraph><![CDATA[ple into the industry is important, as well as trying to ]]></paragraph>
		<paragraph><![CDATA[increase the number of people onsite, the most strate- ]]></paragraph>
		<paragraph><![CDATA[gic solution would be to fundamentally change the ]]></paragraph>
		<paragraph><![CDATA[way we build in the first place.” ]]></paragraph>
		<paragraph><![CDATA[“New technology is making it easier to work prof- ]]></paragraph>
		<paragraph><![CDATA[itably on a global level as well,” he writes. “With 3D ]]></paragraph>
		<paragraph><![CDATA[printing, for example, costs for both material and long ]]></paragraph>
		<paragraph><![CDATA[transports are decreasing substantially. Using tech- ]]></paragraph>
		<paragraph><![CDATA[nologies such as these, the partnerships will focus ]]></paragraph>
		<paragraph><![CDATA[more on global competence exchange rather than ]]></paragraph>
		<paragraph><![CDATA[long-haul transports.” ]]></paragraph>
		<paragraph><![CDATA[“All three of these trends are woven tight together. ]]></paragraph>
		<paragraph><![CDATA[Contractors need to work hard to ensure that the right ]]></paragraph>
		<paragraph><![CDATA[competences are secured while considering how to ]]></paragraph>
		<paragraph><![CDATA[implement new business models for modular build- ]]></paragraph>
		<paragraph><![CDATA[ings and construction integrated manufacturing — all ]]></paragraph>
		<paragraph><![CDATA[this in a construction industry that is becoming more ]]></paragraph>
		<paragraph><![CDATA[global and offers new forms of partnerships. The play- ]]></paragraph>
		<paragraph><![CDATA[ers who master this balancing act will be the winners ]]></paragraph>
		<paragraph><![CDATA[in 2018.” ]]></paragraph>
		<paragraph><![CDATA[Click here for a related video. ]]></paragraph>
		<paragraph><![CDATA[A U.S. News and Best Lawyers ® ]]></paragraph>
		<paragraph><![CDATA[National Tier 1 Ranking Law Firm ]]></paragraph>
		<paragraph><![CDATA[for Construction Litigation ]]></paragraph>
		<paragraph><![CDATA[for three consecutive years ]]></paragraph>
		<paragraph><![CDATA[(“Best Law Firms,” 2015 – 2017). ]]></paragraph>
		<paragraph><![CDATA[Companies large and small meet ]]></paragraph>
		<paragraph><![CDATA[their challenges at the job site, at the ]]></paragraph>
		<paragraph><![CDATA[deal table, in court and in the halls of ]]></paragraph>
		<paragraph><![CDATA[government with Nexsen Pruet. ]]></paragraph>
		<paragraph><![CDATA[More than 190 lawyers in Charlotte, Greensboro and ]]></paragraph>
		<paragraph><![CDATA[Raleigh, NC, and Charleston, Columbia, Greenville, ]]></paragraph>
		<paragraph><![CDATA[Hilton Head and Myrtle Beach, SC. ]]></paragraph>
		<paragraph><![CDATA[nexsenpruet.com The North Carolina Construction News — Winter 2018 — 7 ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="8">
		<paragraph><![CDATA[CONSTRUCTION ]]></paragraph>
		<paragraph><![CDATA[TOP 10 ]]></paragraph>
		<paragraph><![CDATA[LIST of Provisions Included ]]></paragraph>
		<paragraph><![CDATA[in 2017 Tax Reform ]]></paragraph>
		<paragraph><![CDATA[By Sarah Windham ]]></paragraph>
		<paragraph><![CDATA[Special to North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[The last major tax reform legisla- ]]></paragraph>
		<paragraph><![CDATA[tion was passed in 1986. Since ]]></paragraph>
		<paragraph><![CDATA[then, the tax rules – Internal Rev- ]]></paragraph>
		<paragraph><![CDATA[enue Code amendments, regula- ]]></paragraph>
		<paragraph><![CDATA[tions, procedural guidance and ]]></paragraph>
		<paragraph><![CDATA[court case law – have morphed into ]]></paragraph>
		<paragraph><![CDATA[a complex system for tax paying ]]></paragraph>
		<paragraph><![CDATA[contractors. The recently signed bill ]]></paragraph>
		<paragraph><![CDATA[is a significant modification to the ]]></paragraph>
		<paragraph><![CDATA[existing system and the consensus ]]></paragraph>
		<paragraph><![CDATA[is clear. Most businesses expect ]]></paragraph>
		<paragraph><![CDATA[their income tax expense to de- ]]></paragraph>
		<paragraph><![CDATA[crease, including contractors. ]]></paragraph>
		<paragraph><![CDATA[Though there are many moving ]]></paragraph>
		<paragraph><![CDATA[8 — Winter 2018 — The North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[parts in the new tax law with the ]]></paragraph>
		<paragraph><![CDATA[potential to affect businesses and ]]></paragraph>
		<paragraph><![CDATA[individuals to varying degrees, this ]]></paragraph>
		<paragraph><![CDATA[article highlights what we consider ]]></paragraph>
		<paragraph><![CDATA[10 of the most significant changes ]]></paragraph>
		<paragraph><![CDATA[for construction companies. ]]></paragraph>
		<paragraph><![CDATA[1. Individual tax rates and ]]></paragraph>
		<paragraph><![CDATA[corporate tax rates ]]></paragraph>
		<paragraph><![CDATA[The final bill settled on keeping ]]></paragraph>
		<paragraph><![CDATA[the same number of individual tax ]]></paragraph>
		<paragraph><![CDATA[brackets as in current existence: ]]></paragraph>
		<paragraph><![CDATA[seven. However, the new tax law re- ]]></paragraph>
		<paragraph><![CDATA[duces individual income tax rates to ]]></paragraph>
		<paragraph><![CDATA[10, 12, 22, 24, 32, 35 and 37 per- ]]></paragraph>
		<paragraph><![CDATA[cent, and raises the income levels ]]></paragraph>
		<paragraph><![CDATA[subject to each tax rate. These rates ]]></paragraph>
		<paragraph><![CDATA[apply to tax years beginning after ]]></paragraph>
		<paragraph><![CDATA[Dec. 31, 2017 and beginning before ]]></paragraph>
		<paragraph><![CDATA[Jan. 1, 2026, unless subsequently ]]></paragraph>
		<paragraph><![CDATA[extended by future legislation. On ]]></paragraph>
		<paragraph><![CDATA[the corporate side, the current grad- ]]></paragraph>
		<paragraph><![CDATA[uated tax rate was removed in favor ]]></paragraph>
		<paragraph><![CDATA[of a flat 21 percent rate for tax years ]]></paragraph>
		<paragraph><![CDATA[beginning after Dec. 31, 2017. ]]></paragraph>
		<paragraph><![CDATA[2. Increase in Small ]]></paragraph>
		<paragraph><![CDATA[Contractor Exemption ]]></paragraph>
		<paragraph><![CDATA[Amount Under prior tax law, contractors ]]></paragraph>
		<paragraph><![CDATA[whose average annual gross re- ]]></paragraph>
		<paragraph><![CDATA[ceipts were less than $10 million ]]></paragraph>
		<paragraph><![CDATA[were exempt from using the per- ]]></paragraph>
		<paragraph><![CDATA[centage of completion (PCM) ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="9">
		<paragraph><![CDATA[method of accounting for income ]]></paragraph>
		<paragraph><![CDATA[tax purposes. Under the new bill, ]]></paragraph>
		<paragraph><![CDATA[the average annual gross receipts ]]></paragraph>
		<paragraph><![CDATA[requirement has been increased to ]]></paragraph>
		<paragraph><![CDATA[$25 million. This is effective for any ]]></paragraph>
		<paragraph><![CDATA[contracts entered into after Dec. ]]></paragraph>
		<paragraph><![CDATA[31, 2017. It is important to note that ]]></paragraph>
		<paragraph><![CDATA[for commercial contracts, percent- ]]></paragraph>
		<paragraph><![CDATA[age of completion is still required to ]]></paragraph>
		<paragraph><![CDATA[be used for purposes of the alterna- ]]></paragraph>
		<paragraph><![CDATA[tive minimum tax (AMT). ]]></paragraph>
		<paragraph><![CDATA[While under the final bill AMT ]]></paragraph>
		<paragraph><![CDATA[was repealed for businesses taxed ]]></paragraph>
		<paragraph><![CDATA[as a ‘C’ corporation, it was not re- ]]></paragraph>
		<paragraph><![CDATA[pealed for individuals. However, it ]]></paragraph>
		<paragraph><![CDATA[did provide for increased individual ]]></paragraph>
		<paragraph><![CDATA[exemptions. The 2018 exemption ]]></paragraph>
		<paragraph><![CDATA[amount was increased from ]]></paragraph>
		<paragraph><![CDATA[$86,200 to $109,400 and the phase ]]></paragraph>
		<paragraph><![CDATA[out threshold increased from ]]></paragraph>
		<paragraph><![CDATA[$164,100 to $1 million for married ]]></paragraph>
		<paragraph><![CDATA[filing joint taxpayers. The exemption ]]></paragraph>
		<paragraph><![CDATA[amount for single taxpayers in- ]]></paragraph>
		<paragraph><![CDATA[creased from $55,400 to $70,300 ]]></paragraph>
		<paragraph><![CDATA[and the phase out threshold in- ]]></paragraph>
		<paragraph><![CDATA[creased from $123,500 to ]]></paragraph>
		<paragraph><![CDATA[$500,000. Contractors, other than ‘C’ cor- ]]></paragraph>
		<paragraph><![CDATA[porations, considering making the ]]></paragraph>
		<paragraph><![CDATA[switch to a method other than PCM ]]></paragraph>
		<paragraph><![CDATA[for 2018, will want to consider the ]]></paragraph>
		<paragraph><![CDATA[potential for AMT impacts before ]]></paragraph>
		<paragraph><![CDATA[making a final decision. If a contrac- ]]></paragraph>
		<paragraph><![CDATA[tor switches to a method other than ]]></paragraph>
		<paragraph><![CDATA[PCM for 2018, any contracts en- ]]></paragraph>
		<paragraph><![CDATA[tered into before Dec. 31, 2017, ]]></paragraph>
		<paragraph><![CDATA[would be taxed under the prior ]]></paragraph>
		<paragraph><![CDATA[method of accounting even if the ]]></paragraph>
		<paragraph><![CDATA[contract continued into 2018. ]]></paragraph>
		<paragraph><![CDATA[25 percent of W-2 wages, plus 2.5 ]]></paragraph>
		<paragraph><![CDATA[percent of the unadjusted basis of ]]></paragraph>
		<paragraph><![CDATA[all qualified property. This deduction ]]></paragraph>
		<paragraph><![CDATA[applies for tax years beginning after ]]></paragraph>
		<paragraph><![CDATA[Dec. 31, 2017 and beginning before ]]></paragraph>
		<paragraph><![CDATA[Jan. 1, 2026. ]]></paragraph>
		<paragraph><![CDATA[4. Standard deduction, ]]></paragraph>
		<paragraph><![CDATA[charitable contributions ]]></paragraph>
		<paragraph><![CDATA[and the Pease Limitation ]]></paragraph>
		<paragraph><![CDATA[Personal exemptions are re- ]]></paragraph>
		<paragraph><![CDATA[moved in the bill in favor of a higher ]]></paragraph>
		<paragraph><![CDATA[standard deduction effective for tax ]]></paragraph>
		<paragraph><![CDATA[years beginning after Dec. 31, 2017 ]]></paragraph>
		<paragraph><![CDATA[and beginning before Jan. 1, 2026. ]]></paragraph>
		<paragraph><![CDATA[The new standard deduction ]]></paragraph>
		<paragraph><![CDATA[amounts will be $24,000 for married ]]></paragraph>
		<paragraph><![CDATA[filing joint or surviving spouse, ]]></paragraph>
		<paragraph><![CDATA[$18,000 for an unmarried individual ]]></paragraph>
		<paragraph><![CDATA[with at least one qualifying child, ]]></paragraph>
		<paragraph><![CDATA[and $12,000 for single filers. ]]></paragraph>
		<paragraph><![CDATA[Charitable contributions – which, ]]></paragraph>
		<paragraph><![CDATA[under old law, were limited to 50 ]]></paragraph>
		<paragraph><![CDATA[percent of a taxpayer’s AGI – will ]]></paragraph>
		<paragraph><![CDATA[now be limited to 60 percent of AGI ]]></paragraph>
		<paragraph><![CDATA[effective for tax years beginning ]]></paragraph>
		<paragraph><![CDATA[after Dec. 31, 2017 and beginning ]]></paragraph>
		<paragraph><![CDATA[before Jan. 1, 2026. The bill will ]]></paragraph>
		<paragraph><![CDATA[also repeal the current 80 percent ]]></paragraph>
		<paragraph><![CDATA[deduction for certain contributions ]]></paragraph>
		<paragraph><![CDATA[to universities made in connection ]]></paragraph>
		<paragraph><![CDATA[with athletic seating rights. ]]></paragraph>
		<paragraph><![CDATA[The overall limitation on itemized ]]></paragraph>
		<paragraph><![CDATA[deductions referred to as the Pease ]]></paragraph>
		<paragraph><![CDATA[Limitation will be suspended for tax ]]></paragraph>
		<paragraph><![CDATA[years beginning after Dec. 31, 2017 ]]></paragraph>
		<paragraph><![CDATA[and beginning before Jan. 1, 2026. ]]></paragraph>
		<paragraph><![CDATA[This limitation essentially reduced ]]></paragraph>
		<paragraph><![CDATA[the value of certain itemized deduc- ]]></paragraph>
		<paragraph><![CDATA[tions for high income taxpayers by ]]></paragraph>
		<paragraph><![CDATA[three percent for every dollar over ]]></paragraph>
		<paragraph><![CDATA[the taxable income limit. The ]]></paragraph>
		<paragraph><![CDATA[phaseout was capped at 80 percent ]]></paragraph>
		<paragraph><![CDATA[of the total value of itemized deduc- ]]></paragraph>
		<paragraph><![CDATA[tions. 2017-2018 edition ]]></paragraph>
		<paragraph><![CDATA[3. Pass-through income ]]></paragraph>
		<paragraph><![CDATA[deduction Aligning with a reduced corpo- ]]></paragraph>
		<paragraph><![CDATA[rate tax rate, Congress provided ]]></paragraph>
		<paragraph><![CDATA[pass-through entities with a deduc- ]]></paragraph>
		<paragraph><![CDATA[tion for a percentage of their tax- ]]></paragraph>
		<paragraph><![CDATA[able income. Starting in 2018, a ]]></paragraph>
		<paragraph><![CDATA[deduction will be allowed for tax- ]]></paragraph>
		<paragraph><![CDATA[payers who have qualified business ]]></paragraph>
		<paragraph><![CDATA[income (QBI) from a partnership, ‘S’ ]]></paragraph>
		<paragraph><![CDATA[corporation, or sole proprietorship, ]]></paragraph>
		<paragraph><![CDATA[subject to limitations. The 20 per- ]]></paragraph>
		<paragraph><![CDATA[cent deduction is limited to the ]]></paragraph>
		<paragraph><![CDATA[lesser of (1) 20 percent of their ]]></paragraph>
		<paragraph><![CDATA[pass-through business income or ]]></paragraph>
		<paragraph><![CDATA[(2) the greater of (a) 50 percent of ]]></paragraph>
		<paragraph><![CDATA[the W-2 wages paid in the qualified ]]></paragraph>
		<paragraph><![CDATA[trade or business, or (b) the sum of ]]></paragraph>
		<paragraph><![CDATA[The North Carolina Construction News — Winter 2018 — 9 ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="10">
		<paragraph><![CDATA[5. State and local ]]></paragraph>
		<paragraph><![CDATA[tax deduction ]]></paragraph>
		<paragraph><![CDATA[6. Depreciation changes ]]></paragraph>
		<paragraph><![CDATA[A very impactful change included ]]></paragraph>
		<paragraph><![CDATA[in the final bill is the limiting of the ]]></paragraph>
		<paragraph><![CDATA[deduction available to individuals for ]]></paragraph>
		<paragraph><![CDATA[sales, income, or property taxes ]]></paragraph>
		<paragraph><![CDATA[paid to state or local tax authority to ]]></paragraph>
		<paragraph><![CDATA[$10,000 ($5,000 for a married tax- ]]></paragraph>
		<paragraph><![CDATA[payer filing a separate return) for tax ]]></paragraph>
		<paragraph><![CDATA[years beginning after Dec. 31, 2017 ]]></paragraph>
		<paragraph><![CDATA[and beginning before Jan. 1, 2026. ]]></paragraph>
		<paragraph><![CDATA[This limitation does not apply to ]]></paragraph>
		<paragraph><![CDATA[property taxes paid or accrued in ]]></paragraph>
		<paragraph><![CDATA[connection with carrying on a trade ]]></paragraph>
		<paragraph><![CDATA[or business. ]]></paragraph>
		<paragraph><![CDATA[The limitation does not apply to ]]></paragraph>
		<paragraph><![CDATA[state and local taxes of businesses ]]></paragraph>
		<paragraph><![CDATA[taxed as a ‘C’ corporation. ]]></paragraph>
		<paragraph><![CDATA[The bill specifically includes a ]]></paragraph>
		<paragraph><![CDATA[provision that disallows a 2017 de- ]]></paragraph>
		<paragraph><![CDATA[duction for prepaying state or local ]]></paragraph>
		<paragraph><![CDATA[income tax for a taxable year begin- ]]></paragraph>
		<paragraph><![CDATA[ning after Dec. 31, 2017. Any ]]></paragraph>
		<paragraph><![CDATA[amount paid in a taxable year begin- ]]></paragraph>
		<paragraph><![CDATA[ning before Jan. 1, 2018 shall be ]]></paragraph>
		<paragraph><![CDATA[treated as being paid on the last day ]]></paragraph>
		<paragraph><![CDATA[of the tax year for which the tax ap- ]]></paragraph>
		<paragraph><![CDATA[plies. The bill includes a provision that ]]></paragraph>
		<paragraph><![CDATA[allows for 100 percent expensing ]]></paragraph>
		<paragraph><![CDATA[through bonus depreciation of cer- ]]></paragraph>
		<paragraph><![CDATA[tain business assets placed in serv- ]]></paragraph>
		<paragraph><![CDATA[ice after Sept. 27, 2017 through ]]></paragraph>
		<paragraph><![CDATA[Dec. 31, 2022. The amount of ]]></paragraph>
		<paragraph><![CDATA[bonus depreciation allowed is then ]]></paragraph>
		<paragraph><![CDATA[phased-down over four years as fol- ]]></paragraph>
		<paragraph><![CDATA[lows starting: 80 percent in 2023, ]]></paragraph>
		<paragraph><![CDATA[60 percent in 2024, 40 percent in ]]></paragraph>
		<paragraph><![CDATA[2025, and 20 percent in 2026. The ]]></paragraph>
		<paragraph><![CDATA[requirement that the property be ]]></paragraph>
		<paragraph><![CDATA[new was also removed and re- ]]></paragraph>
		<paragraph><![CDATA[placed with a requirement that the ]]></paragraph>
		<paragraph><![CDATA[property simply be new to the tax- ]]></paragraph>
		<paragraph><![CDATA[payer – an impactful distinction. ]]></paragraph>
		<paragraph><![CDATA[The bill includes some additional ]]></paragraph>
		<paragraph><![CDATA[changes that have the potential to ]]></paragraph>
		<paragraph><![CDATA[benefit many contractors. For exam- ]]></paragraph>
		<paragraph><![CDATA[ple, Section 179 expensing limits ]]></paragraph>
		<paragraph><![CDATA[will be increased to $1 million with ]]></paragraph>
		<paragraph><![CDATA[the phase-out threshold being in- ]]></paragraph>
		<paragraph><![CDATA[creased to $2.5 million with both ]]></paragraph>
		<paragraph><![CDATA[thresholds subject to inflation in- ]]></paragraph>
		<paragraph><![CDATA[creases for tax years beginning ]]></paragraph>
		<paragraph><![CDATA[after Dec. 31, 2017. Furthermore, ]]></paragraph>
		<paragraph><![CDATA[the definition of qualified property is ]]></paragraph>
		<paragraph><![CDATA[expanded to include improvements ]]></paragraph>
		<paragraph><![CDATA[to non-residential real property in- ]]></paragraph>
		<paragraph><![CDATA[cluding roofs, heating, ventilation, ]]></paragraph>
		<paragraph><![CDATA[and air-conditioning property, fire ]]></paragraph>
		<paragraph><![CDATA[protection and alarm systems, and ]]></paragraph>
		<paragraph><![CDATA[security systems if placed in service ]]></paragraph>
		<paragraph><![CDATA[after the date such real property ]]></paragraph>
		<paragraph><![CDATA[was first placed in service. ]]></paragraph>
		<paragraph><![CDATA[7. Interest expense deduction ]]></paragraph>
		<paragraph><![CDATA[limitation The bill also includes a provision ]]></paragraph>
		<paragraph><![CDATA[that limits the deduction for interest ]]></paragraph>
		<paragraph><![CDATA[expense incurred by a trade or busi- ]]></paragraph>
		<paragraph><![CDATA[ness to the sum of business inter- ]]></paragraph>
		<paragraph><![CDATA[est income, floor plan financing ]]></paragraph>
		<paragraph><![CDATA[interest and 30 percent of the ad- ]]></paragraph>
		<paragraph><![CDATA[justed taxable income of a taxpayer ]]></paragraph>
		<paragraph><![CDATA[for the year. For tax years beginning ]]></paragraph>
		<paragraph><![CDATA[before Jan. 1, 2022, adjusted tax- ]]></paragraph>
		<paragraph><![CDATA[able income will be computed with- ]]></paragraph>
		<paragraph><![CDATA[out regard to depreciation, ]]></paragraph>
		<paragraph><![CDATA[amortization, or depletion expense. ]]></paragraph>
		<paragraph><![CDATA[Adjusted taxable income is other- ]]></paragraph>
		<paragraph><![CDATA[wise generally defined as a tax- ]]></paragraph>
		<paragraph><![CDATA[payer’s taxable income without ]]></paragraph>
		<paragraph><![CDATA[regard to any income, gain, deduc- ]]></paragraph>
		<paragraph><![CDATA[tion or loss not properly allocable to ]]></paragraph>
		<paragraph><![CDATA[the trade or business, any business ]]></paragraph>
		<paragraph><![CDATA[Check out our ]]></paragraph>
		<paragraph><![CDATA[construction equipment at ]]></paragraph>
		<paragraph><![CDATA[www. jamesriversequipment .com ]]></paragraph>
		<paragraph><![CDATA[10 — Winter 2018 — The North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="11">
		<paragraph><![CDATA[interest expense or business interest income and any net ]]></paragraph>
		<paragraph><![CDATA[operating loss. ]]></paragraph>
		<paragraph><![CDATA[Real property trades or businesses, including rental ]]></paragraph>
		<paragraph><![CDATA[property activities that qualify as a trade or business, ]]></paragraph>
		<paragraph><![CDATA[may elect out of the interest deduction limitation if that ]]></paragraph>
		<paragraph><![CDATA[trade or business uses the alternative depreciation sys- ]]></paragraph>
		<paragraph><![CDATA[tem, which generally results in longer, slower deprecia- ]]></paragraph>
		<paragraph><![CDATA[tion deductions. Any interest not deductible for any tax ]]></paragraph>
		<paragraph><![CDATA[year shall be carried forward indefinitely and treated as ]]></paragraph>
		<paragraph><![CDATA[business interest paid or accrued in the succeeding tax ]]></paragraph>
		<paragraph><![CDATA[year. An exemption to these rules applies to taxpayers with ]]></paragraph>
		<paragraph><![CDATA[average annual gross receipts for the prior three tax ]]></paragraph>
		<paragraph><![CDATA[years of less than $25 million. ]]></paragraph>
		<paragraph><![CDATA[8. Domestic Production Activities Deduction ]]></paragraph>
		<paragraph><![CDATA[(DPAD) repealed ]]></paragraph>
		<paragraph><![CDATA[For tax years beginning after Dec. 31, 2017, DPAD ]]></paragraph>
		<paragraph><![CDATA[(also known as Section 199) is repealed. DPAD was a de- ]]></paragraph>
		<paragraph><![CDATA[duction allowed under pre-act rules that allowed contrac- ]]></paragraph>
		<paragraph><![CDATA[tors performing new construction or substantial ]]></paragraph>
		<paragraph><![CDATA[renovation in the U.S. to claim a deduction of up to nine ]]></paragraph>
		<paragraph><![CDATA[percent of taxable income (with certain limitations). ]]></paragraph>
		<paragraph><![CDATA[9. Like-kind exchanges ]]></paragraph>
		<paragraph><![CDATA[Under the new law, like-kind exchanges are limited to ]]></paragraph>
		<paragraph><![CDATA[only exchanges involving real property that is not prima- ]]></paragraph>
		<paragraph><![CDATA[rily held for sale. This new limitation applies to ex- ]]></paragraph>
		<paragraph><![CDATA[changes completed after Dec. 31, 2017; however, a ]]></paragraph>
		<paragraph><![CDATA[transition rule allows like-kind exchange treatment for ]]></paragraph>
		<paragraph><![CDATA[any property disposed of in an exchange on or before ]]></paragraph>
		<paragraph><![CDATA[Dec. 31, 2017, or for any property received by a taxpayer ]]></paragraph>
		<paragraph><![CDATA[in an exchange on or before the same date. This excep- ]]></paragraph>
		<paragraph><![CDATA[tion generally allows for like-kind exchanges already in ]]></paragraph>
		<paragraph><![CDATA[process to still take advantage of the current like-kind ex- ]]></paragraph>
		<paragraph><![CDATA[change rules. This may have an impact to contractors ]]></paragraph>
		<paragraph><![CDATA[who have typically exchanged equipment and machinery ]]></paragraph>
		<paragraph><![CDATA[in the past. ]]></paragraph>
		<paragraph><![CDATA[10. Estate and gift taxes and ]]></paragraph>
		<paragraph><![CDATA[generation-skipping transfer tax ]]></paragraph>
		<paragraph><![CDATA[The law doubles the base estate and gift tax unified ]]></paragraph>
		<paragraph><![CDATA[credit exclusion to $10 million, effective for decedents ]]></paragraph>
		<paragraph><![CDATA[dying and gifts made after 2017 and before 2026. The bill ]]></paragraph>
		<paragraph><![CDATA[also increases the GST exemption to $10 million. This ef- ]]></paragraph>
		<paragraph><![CDATA[fectively increases the inflation-adjusted exclusion and ]]></paragraph>
		<paragraph><![CDATA[exemption amounts to $11.2 million ($22.4 million for a ]]></paragraph>
		<paragraph><![CDATA[married couple) for 2018. ]]></paragraph>
		<paragraph><![CDATA[These increased exclusion and exemption amounts ]]></paragraph>
		<paragraph><![CDATA[will provide planning opportunities for contractors look- ]]></paragraph>
		<paragraph><![CDATA[ing to transition their estate in the coming years. ]]></paragraph>
		<paragraph><![CDATA[In conclusion . . . ]]></paragraph>
		<paragraph><![CDATA[As there are far more elements to the tax reform than ]]></paragraph>
		<paragraph><![CDATA[covered here, contractors may consider familiarizing ]]></paragraph>
		<paragraph><![CDATA[themselves with the finer details of the changes. Loop- ]]></paragraph>
		<paragraph><![CDATA[ing in your trusted advisor and CPA is strongly recom- ]]></paragraph>
		<paragraph><![CDATA[mended to ensure you are prepared for the oncoming ]]></paragraph>
		<paragraph><![CDATA[effects – both favorable and complex – to your financial ]]></paragraph>
		<paragraph><![CDATA[posture. Sarah Windham is a partner ]]></paragraph>
		<paragraph><![CDATA[at the Dixon Hughes Goodman ]]></paragraph>
		<paragraph><![CDATA[LLP (DHG) office in Charleston, ]]></paragraph>
		<paragraph><![CDATA[SC. She can be reached at ]]></paragraph>
		<paragraph><![CDATA[(843) 727-3708 or by email at ]]></paragraph>
		<paragraph><![CDATA[sarah.windham@dhgllp.com. Al Windle • 704.945.2176 • awindle@slk-law.com ]]></paragraph>
		<paragraph><![CDATA[The North Carolina Construction News — Winter 2018 — 11 ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="12">
		<paragraph><![CDATA[PROJECTS AND OPPORTUNITIES ]]></paragraph>
		<paragraph><![CDATA[Asheville’s Overlook Village ]]></paragraph>
		<paragraph><![CDATA[to be redeveloped after ]]></paragraph>
		<paragraph><![CDATA[$25.5M GBT Realty Corp. ]]></paragraph>
		<paragraph><![CDATA[acquisition Overlook Village, an Asheville ]]></paragraph>
		<paragraph><![CDATA[shopping center that houses ]]></paragraph>
		<paragraph><![CDATA[HomeGoods, T.J. Maxx and Ross ]]></paragraph>
		<paragraph><![CDATA[Dress, will be redeveloped after ]]></paragraph>
		<paragraph><![CDATA[being acquired by GBT Realty Corp. ]]></paragraph>
		<paragraph><![CDATA[for $25.5 million, the company said ]]></paragraph>
		<paragraph><![CDATA[in a news release. ]]></paragraph>
		<paragraph><![CDATA[The company plans to finalize re- ]]></paragraph>
		<paragraph><![CDATA[development plans of the site by ]]></paragraph>
		<paragraph><![CDATA[the spring, The Citizen Times re- ]]></paragraph>
		<paragraph><![CDATA[ported. The shopping center opened in ]]></paragraph>
		<paragraph><![CDATA[1989, with several notable tenants ]]></paragraph>
		<paragraph><![CDATA[including T.J. Maxx, Phar-Mor ]]></paragraph>
		<paragraph><![CDATA[Drugs store, Circuit City and several ]]></paragraph>
		<paragraph><![CDATA[smaller specialty shops. ]]></paragraph>
		<paragraph><![CDATA[While Overlook Village has lost ]]></paragraph>
		<paragraph><![CDATA[several tenants in recent years, ]]></paragraph>
		<paragraph><![CDATA[GBT said it is currently 80 percent ]]></paragraph>
		<paragraph><![CDATA[leased.” High Point sells $35 million ]]></paragraph>
		<paragraph><![CDATA[in taxable bonds to finance ]]></paragraph>
		<paragraph><![CDATA[Bluefish minor league ]]></paragraph>
		<paragraph><![CDATA[baseball team stadium ]]></paragraph>
		<paragraph><![CDATA[The Brentwood, TN-based real ]]></paragraph>
		<paragraph><![CDATA[estate development company, said ]]></paragraph>
		<paragraph><![CDATA[Overlook, located off South Tunnel ]]></paragraph>
		<paragraph><![CDATA[Rd. near the Asheville Mall, is its ]]></paragraph>
		<paragraph><![CDATA[third acquisition in the past six ]]></paragraph>
		<paragraph><![CDATA[months under its Capital Holdings ]]></paragraph>
		<paragraph><![CDATA[division. It was purchased Dec. 20 ]]></paragraph>
		<paragraph><![CDATA[from KIMCO Realty, represented by ]]></paragraph>
		<paragraph><![CDATA[Berkeley Capital Advisors. ]]></paragraph>
		<paragraph><![CDATA[GBT said it launched its Capital ]]></paragraph>
		<paragraph><![CDATA[Holdings division to pursue “value- ]]></paragraph>
		<paragraph><![CDATA[add and core-plus” commercial op- ]]></paragraph>
		<paragraph><![CDATA[portunities. Scott Porter, the ]]></paragraph>
		<paragraph><![CDATA[division’s managing director, called ]]></paragraph>
		<paragraph><![CDATA[the Overlook shopping center an ]]></paragraph>
		<paragraph><![CDATA[“ideal acquisition opportunity,” sin- ]]></paragraph>
		<paragraph><![CDATA[gling out its “locational drivers, bar- ]]></paragraph>
		<paragraph><![CDATA[riers to entry and upside ]]></paragraph>
		<paragraph><![CDATA[potential with the lease-up of the ]]></paragraph>
		<paragraph><![CDATA[existing vacancies.” ]]></paragraph>
		<paragraph><![CDATA[“The vacant anchor space for- ]]></paragraph>
		<paragraph><![CDATA[merly occupied by HHGregg fronts ]]></paragraph>
		<paragraph><![CDATA[South Tunnel Road and is well-posi- ]]></paragraph>
		<paragraph><![CDATA[tioned due to its accessibility via ]]></paragraph>
		<paragraph><![CDATA[two traffic signals and its adjacency ]]></paragraph>
		<paragraph><![CDATA[to the Whole Foods center,” Porter ]]></paragraph>
		<paragraph><![CDATA[said in a news release. “The avail- ]]></paragraph>
		<paragraph><![CDATA[able space is a top option for ten- ]]></paragraph>
		<paragraph><![CDATA[ants entering the market as well as ]]></paragraph>
		<paragraph><![CDATA[those seeking to improve their ex- ]]></paragraph>
		<paragraph><![CDATA[isting storefront due to the mar- ]]></paragraph>
		<paragraph><![CDATA[ket’s limited inventory of traditional ]]></paragraph>
		<paragraph><![CDATA[junior box storefronts.” ]]></paragraph>
		<paragraph><![CDATA[12 — Winter 2018 — The North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[High Point is furnishing itself a ]]></paragraph>
		<paragraph><![CDATA[new economic development gam- ]]></paragraph>
		<paragraph><![CDATA[bit – a stadium, Bloomberg News ]]></paragraph>
		<paragraph><![CDATA[reports. The furniture manufacturing ]]></paragraph>
		<paragraph><![CDATA[community 75 miles north of Char- ]]></paragraph>
		<paragraph><![CDATA[lotte is selling $35 million in taxable ]]></paragraph>
		<paragraph><![CDATA[bonds to finance a 5,000-seat sta- ]]></paragraph>
		<paragraph><![CDATA[dium for the Bluefish minor league ]]></paragraph>
		<paragraph><![CDATA[baseball team. ]]></paragraph>
		<paragraph><![CDATA[The stadium is part of the city’s ]]></paragraph>
		<paragraph><![CDATA[plan to revitalize its downtown with ]]></paragraph>
		<paragraph><![CDATA[restaurants, shops and new apart- ]]></paragraph>
		<paragraph><![CDATA[ments, the news service reports. ]]></paragraph>
		<paragraph><![CDATA[The project comes as the manu- ]]></paragraph>
		<paragraph><![CDATA[facturing sector in the city, which ]]></paragraph>
		<paragraph><![CDATA[calls itself the Home Furnishings ]]></paragraph>
		<paragraph><![CDATA[Capital of the World, recovers from ]]></paragraph>
		<paragraph><![CDATA[the recession. City manager Greg ]]></paragraph>
		<paragraph><![CDATA[Demko said the project will help ]]></paragraph>
		<paragraph><![CDATA[fight urban blight in an area where ]]></paragraph>
		<paragraph><![CDATA[the commercial tax base has de- ]]></paragraph>
		<paragraph><![CDATA[clined by an estimated $250 million ]]></paragraph>
		<paragraph><![CDATA[since 2008, an 11 percent drop, ac- ]]></paragraph>
		<paragraph><![CDATA[cording to city estimates. ]]></paragraph>
		<paragraph><![CDATA[“The construction of a stadium ]]></paragraph>
		<paragraph><![CDATA[is like an anchor for the revitaliza- ]]></paragraph>
		<paragraph><![CDATA[tion and development of a down- ]]></paragraph>
		<paragraph><![CDATA[town,” Demko was quoted as ]]></paragraph>
		<paragraph><![CDATA[saying. “What we’re really inter- ]]></paragraph>
		<paragraph><![CDATA[ested in is not necessarily the sta- ]]></paragraph>
		<paragraph><![CDATA[dium but the development around ]]></paragraph>
		<paragraph><![CDATA[it.” A private fundraising push led by ]]></paragraph>
		<paragraph><![CDATA[High Point University president ]]></paragraph>
		<paragraph><![CDATA[Nido Qubein raised $50 million to ]]></paragraph>
		<paragraph><![CDATA[help buy the team and to support ]]></paragraph>
		<paragraph><![CDATA[the creation of projects near the ]]></paragraph>
		<paragraph><![CDATA[stadium, such as a children’s mu- ]]></paragraph>
		<paragraph><![CDATA[seum and an events center, the ]]></paragraph>
		<paragraph><![CDATA[published report says. ]]></paragraph>
		<paragraph><![CDATA[Spirit AeroSystems to ]]></paragraph>
		<paragraph><![CDATA[spend $50 million to ]]></paragraph>
		<paragraph><![CDATA[expand Kinston facilities ]]></paragraph>
		<paragraph><![CDATA[To meet the increasing demands ]]></paragraph>
		<paragraph><![CDATA[of its customers, Spirit AeroSys- ]]></paragraph>
		<paragraph><![CDATA[tems has announced a $55.7 mil- ]]></paragraph>
		<paragraph><![CDATA[lion investment for the expansion ]]></paragraph>
		<paragraph><![CDATA[of its operations at Global ]]></paragraph>
		<paragraph><![CDATA[TransPark in North Kinston. ]]></paragraph>
		<paragraph><![CDATA[The aerospace manufacturer’s ]]></paragraph>
		<paragraph><![CDATA[announcement only stated that ]]></paragraph>
		<paragraph><![CDATA[funds will be spent over a five-year ]]></paragraph>
		<paragraph><![CDATA[period. The investment is expected ]]></paragraph>
		<paragraph><![CDATA[to improve the regional economy ]]></paragraph>
		<paragraph><![CDATA[by generating more job opportuni- ]]></paragraph>
		<paragraph><![CDATA[ties. Construction details were not ]]></paragraph>
		<paragraph><![CDATA[disclosed. Governor Roy Cooper expressed ]]></paragraph>
		<paragraph><![CDATA[his support for the project in De- ]]></paragraph>
		<paragraph><![CDATA[cember. “We are excited to see Spirit ]]></paragraph>
		<paragraph><![CDATA[AeroSystems strengthen its invest- ]]></paragraph>
		<paragraph><![CDATA[ment in North Carolina with this ]]></paragraph>
		<paragraph><![CDATA[major expansion. This sends a clear ]]></paragraph>
		<paragraph><![CDATA[signal that eastern North Carolina ]]></paragraph>
		<paragraph><![CDATA[can compete for business and is ]]></paragraph>
		<paragraph><![CDATA[ready for new opportunities that ]]></paragraph>
		<paragraph><![CDATA[bring jobs to this region,” he said. ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="13">
		<paragraph><![CDATA[PROJECTS AND OPPORTUNITIES ]]></paragraph>
		<paragraph><![CDATA[Global Transpark executive direc- ]]></paragraph>
		<paragraph><![CDATA[tor Allen Thomas also gave his ap- ]]></paragraph>
		<paragraph><![CDATA[proval, saying: “This expansion ]]></paragraph>
		<paragraph><![CDATA[further reinforces North Carolina’s ]]></paragraph>
		<paragraph><![CDATA[position as one of the top four ]]></paragraph>
		<paragraph><![CDATA[states in aerospace manufacturing ]]></paragraph>
		<paragraph><![CDATA[in the nation and sends a message ]]></paragraph>
		<paragraph><![CDATA[to the high quality of skilled labor in ]]></paragraph>
		<paragraph><![CDATA[eastern North Carolina.” ]]></paragraph>
		<paragraph><![CDATA[Since opening its operations at ]]></paragraph>
		<paragraph><![CDATA[Global TransPark in 2010, Spirit ]]></paragraph>
		<paragraph><![CDATA[AeroSystems has already invested ]]></paragraph>
		<paragraph><![CDATA[more than $206 million for multiple ]]></paragraph>
		<paragraph><![CDATA[facilities, including a 500,000-sq ft. ]]></paragraph>
		<paragraph><![CDATA[plant and a 33,000-sq ft. training ]]></paragraph>
		<paragraph><![CDATA[center. Two years ago, KWK Architects ]]></paragraph>
		<paragraph><![CDATA[designed the university’s unique ]]></paragraph>
		<paragraph><![CDATA[Levine Hall, which combines an ]]></paragraph>
		<paragraph><![CDATA[honors program within a traditional ]]></paragraph>
		<paragraph><![CDATA[residence hall. ]]></paragraph>
		<paragraph><![CDATA[Green Globes elements, and its ex- ]]></paragraph>
		<paragraph><![CDATA[terior design will reflect the existing ]]></paragraph>
		<paragraph><![CDATA[architectural style on campus. ]]></paragraph>
		<paragraph><![CDATA[A two-phase demolition and ]]></paragraph>
		<paragraph><![CDATA[construction schedule for the entire ]]></paragraph>
		<paragraph><![CDATA[site is planned over a two year pe- ]]></paragraph>
		<paragraph><![CDATA[riod, with construction of the new ]]></paragraph>
		<paragraph><![CDATA[residence hall expected to begin in ]]></paragraph>
		<paragraph><![CDATA[spring 2019. ]]></paragraph>
		<paragraph><![CDATA[Best People. Best Practices. ® ]]></paragraph>
		<paragraph><![CDATA[KWK Architects selected ]]></paragraph>
		<paragraph><![CDATA[as design architect for ]]></paragraph>
		<paragraph><![CDATA[UNC Residence Hall ]]></paragraph>
		<paragraph><![CDATA[Phase XVI ]]></paragraph>
		<paragraph><![CDATA[KWK Architects, based in Web- ]]></paragraph>
		<paragraph><![CDATA[ster Groves, MO, has been se- ]]></paragraph>
		<paragraph><![CDATA[lected the design architect for a ]]></paragraph>
		<paragraph><![CDATA[new residence hall at the University ]]></paragraph>
		<paragraph><![CDATA[of North Carolina – Charlotte to re- ]]></paragraph>
		<paragraph><![CDATA[place existing Sanford and Moore ]]></paragraph>
		<paragraph><![CDATA[Halls. Charlotte, NC-based Jenkins ]]></paragraph>
		<paragraph><![CDATA[Peer Architects is the architect-of- ]]></paragraph>
		<paragraph><![CDATA[record on the project. ]]></paragraph>
		<paragraph><![CDATA[Sanford Hall (opened in 1969) ]]></paragraph>
		<paragraph><![CDATA[and Moore Hall (opened in 1970), ]]></paragraph>
		<paragraph><![CDATA[which each house 500 students ]]></paragraph>
		<paragraph><![CDATA[and have 12 floors, will be demol- ]]></paragraph>
		<paragraph><![CDATA[ished as part of the project. The ]]></paragraph>
		<paragraph><![CDATA[new, proposed residence hall (cur- ]]></paragraph>
		<paragraph><![CDATA[rently referred to as Residence Hall ]]></paragraph>
		<paragraph><![CDATA[Phase XVI) will feature 650 to 800 ]]></paragraph>
		<paragraph><![CDATA[beds with double rooms supported ]]></paragraph>
		<paragraph><![CDATA[by community bathrooms, lounges ]]></paragraph>
		<paragraph><![CDATA[and laundry rooms on each floor, ]]></paragraph>
		<paragraph><![CDATA[common areas and multipurpose ]]></paragraph>
		<paragraph><![CDATA[rooms. The new complex will also be ]]></paragraph>
		<paragraph><![CDATA[designed and built using LEED or ]]></paragraph>
		<paragraph><![CDATA[2018 CONNECTIONS CONFERENCE ]]></paragraph>
		<paragraph><![CDATA[Wednesday, April 11, 2018 - 9 am to 4 pm ]]></paragraph>
		<paragraph><![CDATA[Greensboro Coliseum, Greensboro, NC ]]></paragraph>
		<paragraph><![CDATA[Pre-register by Friday, March 30 ]]></paragraph>
		<paragraph><![CDATA[  ]]></paragraph>
		<paragraph><![CDATA[  ]]></paragraph>
		<paragraph><![CDATA[to save on admission and be entered into ]]></paragraph>
		<paragraph><![CDATA[a drawing for prizes which include: ]]></paragraph>
		<paragraph><![CDATA[A Grizzly Cooler donated by Federated Insurance ]]></paragraph>
		<paragraph><![CDATA[A Milwaukee Tool Kit ]]></paragraph>
		<paragraph><![CDATA[An overnight stay at the Holiday Inn Resort, ]]></paragraph>
		<paragraph><![CDATA[Wrightsville Beach ]]></paragraph>
		<paragraph><![CDATA[One Couple’s Registra on to the PHCC of NC ]]></paragraph>
		<paragraph><![CDATA[2018 Summer Conven on ]]></paragraph>
		<paragraph><![CDATA[. . . And More! ]]></paragraph>
		<paragraph><![CDATA[To register, click HERE ]]></paragraph>
		<paragraph><![CDATA[Details & Vendor Registra on available at www.phccnc.com ]]></paragraph>
		<paragraph><![CDATA[ADMISSION $5.00 in advance, $7.50 at the door ]]></paragraph>
		<paragraph><![CDATA[Admission proceeds bene t the PHCC of NC Auxiliary Scholarship Fund ]]></paragraph>
		<paragraph><![CDATA[The North Carolina Construction News — Winter 2018 — 13 ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="14">
		<paragraph><![CDATA[ASSOCIATION NEWS ]]></paragraph>
		<paragraph><![CDATA[J. Paul Mashburn ]]></paragraph>
		<paragraph><![CDATA[becomes new CAGC chair ]]></paragraph>
		<paragraph><![CDATA[J. Paul Mashburn of Mashburn ]]></paragraph>
		<paragraph><![CDATA[Construction Co. Inc., ]]></paragraph>
		<paragraph><![CDATA[based in Columbia, SC, ]]></paragraph>
		<paragraph><![CDATA[has taken office as the ]]></paragraph>
		<paragraph><![CDATA[2018 Carolinas Associ- ]]></paragraph>
		<paragraph><![CDATA[ated General Contrac- ]]></paragraph>
		<paragraph><![CDATA[tors (CAGC) chair. ]]></paragraph>
		<paragraph><![CDATA[Mashburn graduated from Clem- ]]></paragraph>
		<paragraph><![CDATA[son University in 1991 with a Bach- ]]></paragraph>
		<paragraph><![CDATA[elor of Science in Building Science ]]></paragraph>
		<paragraph><![CDATA[and Management. He joined Mash- ]]></paragraph>
		<paragraph><![CDATA[burn Construction after graduation ]]></paragraph>
		<paragraph><![CDATA[and in 2010 he was named presi- ]]></paragraph>
		<paragraph><![CDATA[dent and chief operating officer, the ]]></paragraph>
		<paragraph><![CDATA[company says on its website. “One ]]></paragraph>
		<paragraph><![CDATA[of Paul’s greatest strengths is his ]]></paragraph>
		<paragraph><![CDATA[unique ability to view the job from ]]></paragraph>
		<paragraph><![CDATA[multiple perspectives including the ]]></paragraph>
		<paragraph><![CDATA[field employees, superintendent, ]]></paragraph>
		<paragraph><![CDATA[designer, and owner.” ]]></paragraph>
		<paragraph><![CDATA[“As president of Mashburn Con- ]]></paragraph>
		<paragraph><![CDATA[struction, Paul has made sure the ]]></paragraph>
		<paragraph><![CDATA[company continues to help fund ]]></paragraph>
		<paragraph><![CDATA[various department projects, hires ]]></paragraph>
		<paragraph><![CDATA[the department’s interns and per- ]]></paragraph>
		<paragraph><![CDATA[manent employees and is a corpo- ]]></paragraph>
		<paragraph><![CDATA[rate partner.” ]]></paragraph>
		<paragraph><![CDATA[Other elected CAGC directors in- ]]></paragraph>
		<paragraph><![CDATA[clude: • Chair-elect: Ron Brown, State ]]></paragraph>
		<paragraph><![CDATA[Utility Contractors, Inc. ]]></paragraph>
		<paragraph><![CDATA[• Treasurer: Casey Schwager, ]]></paragraph>
		<paragraph><![CDATA[Sloan Construction Company ]]></paragraph>
		<paragraph><![CDATA[• Vice-chair: Susan Lewis, Beam ]]></paragraph>
		<paragraph><![CDATA[Construction Co., Inc. ]]></paragraph>
		<paragraph><![CDATA[• Immediate past chair: Marty ]]></paragraph>
		<paragraph><![CDATA[McKee, King Asphalt, Inc. ]]></paragraph>
		<paragraph><![CDATA[• President and CEO: Dave Simp- ]]></paragraph>
		<paragraph><![CDATA[son, CAE ]]></paragraph>
		<paragraph><![CDATA[• Carolinas AGC Building Division ]]></paragraph>
		<paragraph><![CDATA[chair: Charlie Wilson, C. T. Wil- ]]></paragraph>
		<paragraph><![CDATA[son Construction Company ]]></paragraph>
		<paragraph><![CDATA[• Highway-Heavy Division chair: T. ]]></paragraph>
		<paragraph><![CDATA[Lee Barrack, Jr., The Lane Con- ]]></paragraph>
		<paragraph><![CDATA[struction Corporation ]]></paragraph>
		<paragraph><![CDATA[• Utility Division chair: Shane Her- ]]></paragraph>
		<paragraph><![CDATA[bert, Buckeye Bridge, LLC ]]></paragraph>
		<paragraph><![CDATA[• Specialty Advisory Council chair: ]]></paragraph>
		<paragraph><![CDATA[Barry Wells, SimplexGrinnell ]]></paragraph>
		<paragraph><![CDATA[• Supplier/Service Advisory Coun- ]]></paragraph>
		<paragraph><![CDATA[cil chair: Tyler Turnbull, Catalyst ]]></paragraph>
		<paragraph><![CDATA[Surety Partners, LLC ]]></paragraph>
		<paragraph><![CDATA[• Directors at large: Mark Johnnie, ]]></paragraph>
		<paragraph><![CDATA[14 — Winter 2018 — The North Carolina Construction News ]]></paragraph>
		<paragraph><![CDATA[Balfour Beatty; Greg Hughes, ]]></paragraph>
		<paragraph><![CDATA[Contract Construction, Inc.; and ]]></paragraph>
		<paragraph><![CDATA[Carlos Norris, Crowder Construc- ]]></paragraph>
		<paragraph><![CDATA[tion Company ]]></paragraph>
		<paragraph><![CDATA[• Appointed directors: Kristen Har- ]]></paragraph>
		<paragraph><![CDATA[wood, Rodgers; and Melvin ]]></paragraph>
		<paragraph><![CDATA[Williams, S&ME, Inc. ]]></paragraph>
		<paragraph><![CDATA[Doug Carlson leaves ABC ]]></paragraph>
		<paragraph><![CDATA[Carolinas for Rocky ]]></paragraph>
		<paragraph><![CDATA[Mountains Doug Carlson, who has been the ]]></paragraph>
		<paragraph><![CDATA[president and CEO of ]]></paragraph>
		<paragraph><![CDATA[the Associated ]]></paragraph>
		<paragraph><![CDATA[Builders and Contrac- ]]></paragraph>
		<paragraph><![CDATA[tors (ABC) of the Car- ]]></paragraph>
		<paragraph><![CDATA[olinas for the past 14 ]]></paragraph>
		<paragraph><![CDATA[years, has moved to ]]></paragraph>
		<paragraph><![CDATA[accept a new role at ABC’s Rocky ]]></paragraph>
		<paragraph><![CDATA[Mountain Chapter, search commit- ]]></paragraph>
		<paragraph><![CDATA[tee chair Brian Gallagher from ]]></paragraph>
		<paragraph><![CDATA[O’Neal, Inc. has reported. ]]></paragraph>
		<paragraph><![CDATA[Search committee members in- ]]></paragraph>
		<paragraph><![CDATA[clude chapter chair Casie Sears ]]></paragraph>
		<paragraph><![CDATA[Kerr, Sears Contract; Tom Headlee, ]]></paragraph>
		<paragraph><![CDATA[Watson Electric, Dave Knudson, ]]></paragraph>
		<paragraph><![CDATA[Choate Construction; and Art ]]></paragraph>
		<paragraph><![CDATA[Odom, David Allen Company. ]]></paragraph>
		<paragraph><![CDATA[“The search committee is work- ]]></paragraph>
		<paragraph><![CDATA[ing closely with ABC National on ]]></paragraph>
		<paragraph><![CDATA[the search. In addition, the ABC of ]]></paragraph>
		<paragraph><![CDATA[the Carolinas’ board of directors is ]]></paragraph>
		<paragraph><![CDATA[working closely with staff to man- ]]></paragraph>
		<paragraph><![CDATA[age activities and to ensure a ]]></paragraph>
		<paragraph><![CDATA[smooth transition,” Gallagher re- ]]></paragraph>
		<paragraph><![CDATA[ported in a note relayed by Casie ]]></paragraph>
		<paragraph><![CDATA[Sears Kerr. ]]></paragraph>
		<paragraph><![CDATA[As Carlson moves west, he also ]]></paragraph>
		<paragraph><![CDATA[has taken on the role as chapter ]]></paragraph>
		<paragraph><![CDATA[president’s liaison to the national ]]></paragraph>
		<paragraph><![CDATA[ABC organization’s executive com- ]]></paragraph>
		<paragraph><![CDATA[mittee. “In this role, Carlson serves as ]]></paragraph>
		<paragraph><![CDATA[chair of the council’s executive ]]></paragraph>
		<paragraph><![CDATA[committee and is responsible for ]]></paragraph>
		<paragraph><![CDATA[the coordination of communications ]]></paragraph>
		<paragraph><![CDATA[between ABC’s 70 chapters and the ]]></paragraph>
		<paragraph><![CDATA[national organization. He also pro- ]]></paragraph>
		<paragraph><![CDATA[motes professional development for ]]></paragraph>
		<paragraph><![CDATA[the chapter presidents while com- ]]></paragraph>
		<paragraph><![CDATA[municating their concerns, ideas ]]></paragraph>
		<paragraph><![CDATA[and opinions to the ABC executive ]]></paragraph>
		<paragraph><![CDATA[committee,” an ABC national biog- ]]></paragraph>
		<paragraph><![CDATA[raphical document says. ]]></paragraph>
		<paragraph><![CDATA[2018 PHCCNC president ]]></paragraph>
		<paragraph><![CDATA[aims to advance ]]></paragraph>
		<paragraph><![CDATA[apprenticeship program, ]]></paragraph>
		<paragraph><![CDATA[continue building strategic ]]></paragraph>
		<paragraph><![CDATA[plan framework for ]]></paragraph>
		<paragraph><![CDATA[association Cobe LeMunyan of ]]></paragraph>
		<paragraph><![CDATA[SPC Mechanical Cor- ]]></paragraph>
		<paragraph><![CDATA[poration in Winston- ]]></paragraph>
		<paragraph><![CDATA[Salem has taken the ]]></paragraph>
		<paragraph><![CDATA[helm as 2018 Plumb- ]]></paragraph>
		<paragraph><![CDATA[ing Heating Cooling ]]></paragraph>
		<paragraph><![CDATA[Contractors of North Carolina (PHC- ]]></paragraph>
		<paragraph><![CDATA[CNC) president. ]]></paragraph>
		<paragraph><![CDATA[“I would like to start out by ]]></paragraph>
		<paragraph><![CDATA[thanking Tommy Barbour for setting ]]></paragraph>
		<paragraph><![CDATA[the bar going into 2018,” he wrote ]]></paragraph>
		<paragraph><![CDATA[in a note to members. “With that in ]]></paragraph>
		<paragraph><![CDATA[mind we will continue assisting the ]]></paragraph>
		<paragraph><![CDATA[local chapters and newly formed ]]></paragraph>
		<paragraph><![CDATA[chapters across the state to com- ]]></paragraph>
		<paragraph><![CDATA[municate and in sharing ideas and ]]></paragraph>
		<paragraph><![CDATA[practices to become the best ]]></paragraph>
		<paragraph><![CDATA[choice for our customers. ]]></paragraph>
		<paragraph><![CDATA[He writes that “two items of con- ]]></paragraph>
		<paragraph><![CDATA[tinued focus” will be: ]]></paragraph>
		<paragraph><![CDATA[• Advancing the apprenticeship ]]></paragraph>
		<paragraph><![CDATA[program for heating and air con- ]]></paragraph>
		<paragraph><![CDATA[ditioning and plumbing trades; ]]></paragraph>
		<paragraph><![CDATA[and • Continuing the framework for a ]]></paragraph>
		<paragraph><![CDATA[strategic plan to meet the objec- ]]></paragraph>
		<paragraph><![CDATA[tives of the association. ]]></paragraph>
		<paragraph><![CDATA[PHCCNC’s 2018 executive and ]]></paragraph>
		<paragraph><![CDATA[directors include: ]]></paragraph>
		<paragraph><![CDATA[• Rob McClintock, McClintock ]]></paragraph>
		<paragraph><![CDATA[Heating & Cooling, Matthews ]]></paragraph>
		<paragraph><![CDATA[(vice-president); • Rick Whitaker, Brown Brothers ]]></paragraph>
		<paragraph><![CDATA[Plumbing and Heating, Durham ]]></paragraph>
		<paragraph><![CDATA[(treasurer); and ]]></paragraph>
		<paragraph><![CDATA[• Jennifer Warren, Warren-Hay ]]></paragraph>
		<paragraph><![CDATA[Mechanical, Hillsboro. ]]></paragraph>
		<paragraph><![CDATA[Associate directors include: ]]></paragraph>
		<paragraph><![CDATA[Jason Brantley, Weeks-Williams-De- ]]></paragraph>
		<paragraph><![CDATA[Vore, Matthews; and Brooks Jester, ]]></paragraph>
		<paragraph><![CDATA[Murray Supply, Charlotte. ]]></paragraph>
		<paragraph><![CDATA[The PHCC National Zone 2A Di- ]]></paragraph>
		<paragraph><![CDATA[rector is Joel Long, GSM Services, ]]></paragraph>
		<paragraph><![CDATA[Gastonia. ]]></paragraph>
	</page>
	<page pageNumber="15">
		<paragraph><![CDATA[CAGC leads at first ]]></paragraph>
		<paragraph><![CDATA[statewide diversity ]]></paragraph>
		<paragraph><![CDATA[construction summit ]]></paragraph>
		<paragraph><![CDATA[Betsy Bailey, the ]]></paragraph>
		<paragraph><![CDATA[Carolinas Associated ]]></paragraph>
		<paragraph><![CDATA[General Contractors ]]></paragraph>
		<paragraph><![CDATA[(CAGC) government ]]></paragraph>
		<paragraph><![CDATA[relations and building ]]></paragraph>
		<paragraph><![CDATA[division director, ]]></paragraph>
		<paragraph><![CDATA[shared observations as the keynote ]]></paragraph>
		<paragraph><![CDATA[speaker for the first statewide diver- ]]></paragraph>
		<paragraph><![CDATA[sity construction opportunities ]]></paragraph>
		<paragraph><![CDATA[summit in Raleigh in early January. ]]></paragraph>
		<paragraph><![CDATA[The summit welcomed more ]]></paragraph>
		<paragraph><![CDATA[than 200 participants with the goal ]]></paragraph>
		<paragraph><![CDATA[of connecting diverse-owned con- ]]></paragraph>
		<paragraph><![CDATA[struction firms with billions of dol- ]]></paragraph>
		<paragraph><![CDATA[lars in construction contract ]]></paragraph>
		<paragraph><![CDATA[opportunities, CAGC reported in its ]]></paragraph>
		<paragraph><![CDATA[weekly news brief. ]]></paragraph>
		<paragraph><![CDATA[Bailey delivered the Construction ]]></paragraph>
		<paragraph><![CDATA[Spending, Labor and Materials Out- ]]></paragraph>
		<paragraph><![CDATA[look prepared by AGC of America’s ]]></paragraph>
		<paragraph><![CDATA[economist Ken Simonson, which ]]></paragraph>
		<paragraph><![CDATA[showed strong construction growth ]]></paragraph>
		<paragraph><![CDATA[for the nation and for the state. ]]></paragraph>
		<paragraph><![CDATA[NC’s growth, however, is ham- ]]></paragraph>
		<paragraph><![CDATA[pered by the state’s acute construc- ]]></paragraph>
		<paragraph><![CDATA[tion labor shortage which Bailey ]]></paragraph>
		<paragraph><![CDATA[highlighted throughout her presen- ]]></paragraph>
		<paragraph><![CDATA[tation. “NC is one of nine states that is ]]></paragraph>
		<paragraph><![CDATA[seeing construction employment ]]></paragraph>
		<paragraph><![CDATA[numbers decreasing,” Bailey said. ]]></paragraph>
		<paragraph><![CDATA[“But we are also one of the fastest ]]></paragraph>
		<paragraph><![CDATA[growing states in the country. This ]]></paragraph>
		<paragraph><![CDATA[presents a unique challenge for ]]></paragraph>
		<paragraph><![CDATA[NC’s construction industry.” ]]></paragraph>
		<paragraph><![CDATA[Bailey said that CAGC and its ]]></paragraph>
		<paragraph><![CDATA[members recognize the labor chal- ]]></paragraph>
		<paragraph><![CDATA[lenge and are aggressively working ]]></paragraph>
		<paragraph><![CDATA[with workforce development and ]]></paragraph>
		<paragraph><![CDATA[education partners to recruit work- ]]></paragraph>
		<paragraph><![CDATA[ers to the industry. A construction ]]></paragraph>
		<paragraph><![CDATA[industry branding campaign is one ]]></paragraph>
		<paragraph><![CDATA[of the significant recruitment proj- ]]></paragraph>
		<paragraph><![CDATA[ects that should be underway by ]]></paragraph>
		<paragraph><![CDATA[next month. ]]></paragraph>
		<paragraph><![CDATA[CAGC secured funding for this ]]></paragraph>
		<paragraph><![CDATA[project in the state budget last year ]]></paragraph>
		<paragraph><![CDATA[and is partnering with the NC Com- ]]></paragraph>
		<paragraph><![CDATA[munity College System and North ]]></paragraph>
		<paragraph><![CDATA[Carolina Department of Transporta- ]]></paragraph>
		<paragraph><![CDATA[tion (NCDOT) to conduct the cam- ]]></paragraph>
		<paragraph><![CDATA[paign. The rest of the day and a half ]]></paragraph>
		<paragraph><![CDATA[long summit featured networking ]]></paragraph>
		<paragraph><![CDATA[opportunities with representatives ]]></paragraph>
		<paragraph><![CDATA[from government agencies and pri- ]]></paragraph>
		<paragraph><![CDATA[vate contractors through a trade ]]></paragraph>
		<paragraph><![CDATA[show and focused workshops that ]]></paragraph>
		<paragraph><![CDATA[helped participants learn about ]]></paragraph>
		<paragraph><![CDATA[projects in the pipeline and how to ]]></paragraph>
		<paragraph><![CDATA[find and bid on these projects. ]]></paragraph>
		<paragraph><![CDATA[Workshops with NCDOT, State Con- ]]></paragraph>
		<paragraph><![CDATA[struction, universities and commu- ]]></paragraph>
		<paragraph><![CDATA[nity colleges, local government and ]]></paragraph>
		<paragraph><![CDATA[private developers and owners pro- ]]></paragraph>
		<paragraph><![CDATA[vided valuable one-on-one interac- ]]></paragraph>
		<paragraph><![CDATA[tion with construction buyers and ]]></paragraph>
		<paragraph><![CDATA[decision-makers. ABC of the Carolinas ]]></paragraph>
		<paragraph><![CDATA[announces 2018 Board of ]]></paragraph>
		<paragraph><![CDATA[Directors Associated Builders and Contrac- ]]></paragraph>
		<paragraph><![CDATA[tors (ABC) of the Carolinas has an- ]]></paragraph>
		<paragraph><![CDATA[nounced its 2018 Board of ]]></paragraph>
		<paragraph><![CDATA[Directors. Five board members are ]]></paragraph>
		<paragraph><![CDATA[based in South Carolina with the re- ]]></paragraph>
		<paragraph><![CDATA[mainder located in North Carolina. ]]></paragraph>
		<paragraph><![CDATA[Casie Sears Kerr of Raleigh- ]]></paragraph>
		<paragraph><![CDATA[based specialty contractor Sears ]]></paragraph>
		<paragraph><![CDATA[Contract, Inc., has been elected ]]></paragraph>
		<paragraph><![CDATA[2018 chairman, representing more ]]></paragraph>
		<paragraph><![CDATA[than 1,800 member firms in North ]]></paragraph>
		<paragraph><![CDATA[and South Carolina. ]]></paragraph>
		<paragraph><![CDATA[Sears-Kerr is excited to start im- ]]></paragraph>
		<paragraph><![CDATA[plementing the association’s newly ]]></paragraph>
		<paragraph><![CDATA[developed strategic plan. ]]></paragraph>
		<paragraph><![CDATA[“ABC is dedicated to being the ]]></paragraph>
		<paragraph><![CDATA[‘Construction Association of ]]></paragraph>
		<paragraph><![CDATA[Choice’ in the Carolinas by bringing ]]></paragraph>
		<paragraph><![CDATA[value to each of our members ]]></paragraph>
		<paragraph><![CDATA[through workforce development ]]></paragraph>
		<paragraph><![CDATA[training, health and safety offerings, ]]></paragraph>
		<paragraph><![CDATA[membership growth and engage- ]]></paragraph>
		<paragraph><![CDATA[ment, chapter development and po- ]]></paragraph>
		<paragraph><![CDATA[litical advocacy,” she said in a ]]></paragraph>
		<paragraph><![CDATA[statement. “Through all of the ]]></paragraph>
		<paragraph><![CDATA[aforementioned goals, ABC pro- ]]></paragraph>
		<paragraph><![CDATA[motes the merit shop construction ]]></paragraph>
		<paragraph><![CDATA[philosophy — encouraging open ]]></paragraph>
		<paragraph><![CDATA[competition and a free enterprise ]]></paragraph>
		<paragraph><![CDATA[approach.” Directors include: ]]></paragraph>
		<paragraph><![CDATA[• Casie Sears Kerr, Sears Contract. ]]></paragraph>
		<paragraph><![CDATA[Inc. – Raleigh, NC, chairman ]]></paragraph>
		<paragraph><![CDATA[• Dave Knudson, Choate Construc- ]]></paragraph>
		<paragraph><![CDATA[tion Company – Raleigh, NC, ]]></paragraph>
		<paragraph><![CDATA[vice-chairman • Tom Headlee, Watson Electrical ]]></paragraph>
		<paragraph><![CDATA[Construction – Wilson, NC, sec- ]]></paragraph>
		<paragraph><![CDATA[retary/treasurer • Brian Gallagher, O’Neal Inc. – ]]></paragraph>
		<paragraph><![CDATA[Greenville, SC, past chairman ]]></paragraph>
		<paragraph><![CDATA[• Scott Colter, Colter Electric Com- ]]></paragraph>
		<paragraph><![CDATA[pany – Winston Salem, NC, ]]></paragraph>
		<paragraph><![CDATA[CECA liaison ]]></paragraph>
		<paragraph><![CDATA[• Allen Amsler, McCrory Construc- ]]></paragraph>
		<paragraph><![CDATA[tion Company – Columbia, SC ]]></paragraph>
		<paragraph><![CDATA[• Rob Beale, W.M. Jordan Com- ]]></paragraph>
		<paragraph><![CDATA[pany – Wilmington, NC ]]></paragraph>
		<paragraph><![CDATA[• Kurt Eyring, Miller-Valentine ]]></paragraph>
		<paragraph><![CDATA[Group – Columbia, SC ]]></paragraph>
		<paragraph><![CDATA[• Harley Garrison, Starr Electric – ]]></paragraph>
		<paragraph><![CDATA[Greensboro, NC ]]></paragraph>
		<paragraph><![CDATA[• Sam Hayes, Landmark Construc- ]]></paragraph>
		<paragraph><![CDATA[tion Company Inc. – North ]]></paragraph>
		<paragraph><![CDATA[Charleston, SC ]]></paragraph>
		<paragraph><![CDATA[• Derek Lanning, Miles-McClellan ]]></paragraph>
		<paragraph><![CDATA[Construction – Charlotte, NC ]]></paragraph>
		<paragraph><![CDATA[• Chris Moore, Carolina Power – ]]></paragraph>
		<paragraph><![CDATA[Greenville, SC ]]></paragraph>
		<paragraph><![CDATA[• Art Odom, David Allen Company ]]></paragraph>
		<paragraph><![CDATA[– Raleigh, NC ]]></paragraph>
		<paragraph><![CDATA[• Eric Perkinson, Brasfield & Gorrie ]]></paragraph>
		<paragraph><![CDATA[– Raleigh, NC ]]></paragraph>
		<paragraph><![CDATA[• David Philyaw, T.A. Loving – ]]></paragraph>
		<paragraph><![CDATA[Goldsboro, NC ]]></paragraph>
		<paragraph><![CDATA[vSteve Smith, Smith Terry & ]]></paragraph>
		<paragraph><![CDATA[Johnson Construction Law– Char- ]]></paragraph>
		<paragraph><![CDATA[lotte, NC ]]></paragraph>
		<paragraph><![CDATA[• Ryan Wathen, Rodgers Builders ]]></paragraph>
		<paragraph><![CDATA[– Charlotte, NC ]]></paragraph>
		<paragraph><![CDATA[The North Carolina Construction News — Winter 2018 — 15 ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
	<page pageNumber="16">
		<paragraph><![CDATA[Construction & Surety Lawyers ]]></paragraph>
		<paragraph><![CDATA[For Every Step of Your Critical Path. ]]></paragraph>
		<paragraph><![CDATA[Every day, the construction and ]]></paragraph>
		<paragraph><![CDATA[surety lawyers at Lewis & Roberts ]]></paragraph>
		<paragraph><![CDATA[help their clients manage commercial ]]></paragraph>
		<paragraph><![CDATA[construction risk through careful ]]></paragraph>
		<paragraph><![CDATA[contract drafting, thoughtful project ]]></paragraph>
		<paragraph><![CDATA[counseling and zealous claims ]]></paragraph>
		<paragraph><![CDATA[919.981.0191 resolution. Contact Jim Roberts, ]]></paragraph>
		<paragraph><![CDATA[3700 Glenwood Avenue, Suite 410 ]]></paragraph>
		<paragraph><![CDATA[Matt Bouchard, Jess Bowers and ]]></paragraph>
		<paragraph><![CDATA[Raleigh, North Carolina 27612 ]]></paragraph>
		<paragraph><![CDATA[Ben Buskirk today, and allow our ]]></paragraph>
		<paragraph><![CDATA[www.lewis-roberts.com knowledge, experience and sound ]]></paragraph>
		<paragraph><![CDATA[mattbouchard@lewis-roberts.com judgment guide you at every step ]]></paragraph>
		<paragraph><![CDATA[of your critical path. ]]></paragraph>
		<paragraph><![CDATA[Serving all of North Carolina ]]></paragraph>
		<paragraph><![CDATA[For more, visit Matt ‘s blog, “N.C. Construction Law, Policy & News,” ]]></paragraph>
		<paragraph><![CDATA[at www.nc-construction-law.com ]]></paragraph>
		<paragraph><![CDATA[]]></paragraph>
	</page>
</results>