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Saturday, August 31, 2013

Non-Executive BoDs to Nominate Kees van der Graaf (Market Wire)

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Housing economy stocks shed negative Syria sentiment

The HW 30 ended the day on a positive note, up 0.28%, with majority of the components showing improvement from Tuesday.

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More Bad News From The Housing Market

Pending home sales missed expectations falling 1.3% month-over-month in July. This was worse than expectations for pending home sales to stay flat.

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Dycom Industries, Inc. Announces Fiscal 2013 Fourth Quarter And Fiscal Year Results And Provides Guidance For The Next Fiscal Quarter

[PR Newswire] - PALM BEACH GARDENS, Fla., Aug. 27, 2013 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) announced today its results for the fourth quarter and fiscal year ended July 27, 2013. The Company reported: Contract ...

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Anniversray - Voights 30th

Craig and Gail Voights, of rural Marseilles, recently celebrated their 30th wedding anniversary.

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An Ambitious Construction Schedule Using Prefab Modules, With Questions

The Broad Group, a construction company, wants Sky City to be not only the tallest jumbo skyscraper when it opens but also the most rapidly built.

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Autodesk BIM 360 Presentations on the App Store

I would like to present to you a new app for the iPad which is available on the App Store. The app is called Presentations of Autodesk BIM 360. Installing this you can see informative demonstrations and workflow videos for...

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Matrix Service Company Sets Date to Discuss Results for the Fourth Quarter and Fiscal Year Ended June 30, 2013

[GlobeNewswire] - TULSA, Okla. -- Matrix Service Company will announce results for the fourth quarter and fiscal year ended June 30, 2013 on Tuesday, September 3, 2013 after the close of the market.

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Friday, August 30, 2013

Matrix Service Company Sets Date to Discuss Results for the Fourth Quarter and Fiscal Year Ended June 30, 2013

[GlobeNewswire] - TULSA, Okla. -- Matrix Service Company will announce results for the fourth quarter and fiscal year ended June 30, 2013 on Tuesday, September 3, 2013 after the close of the market.

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Selling a Town on Rentals

Selling a Town on Rentals: DESPITE a dearth of buyers and a glut of renters these days, an effort to...

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Home Prices in 20 Cities Increase at Slower Rate

Tuesday's Case-Shiller home prices report provided fresh evidence that higher mortgage rates could be putting a break on the broad housing recovery.

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Sundt Construction: Cordes Junction Interchange

Autodesk BIM solutions help untangle a highway junction in Arizona.

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How To Invest Like A Berkshire Insider (iStock Analysis)

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Effects of a Broken Grease Trap

Restaurants and other food service businesses, gas stations with a car wash, laundromats and commercial laundry services are some of the businesses required by local laws to install a grease trap or solid waste interceptor. Any businesses that disposes potentially harmful materials down the sewer are required to install some type of interceptor, because not only is it important for the health and safety of your community, but for the environment as well.


Is there a law for grease traps?
Grease interceptors and grease traps are plumbing accessories that are used to keep grease, oil and fats from entering the sewer system. Grease from a normal household does not pose a significant concern, however, in settings where there is a large amount of oil, grease and fats an interceptor is a necessary source of protection for the sewer. Although the laws pertaining grease interceptors vary from state to state, the majority of governments have guidelines in place regarding the disposal of grease as well as cleaning grease traps, maintenance of interceptors, the size of grease traps and the amount of grease an establishment is allowed to dispose in the waste water system.


Can an ineffective trap cause problems?
Oils, grease and fats can absolutely cause serious problems in the pipes of a sewer system. Grease and oils are made up of animal flesh and fats, so they are extremely difficult to dispose of in a normal method. The grease and oil are not easily broke down and can a long time to fully decompose, which sticks to the walls of sewer pipes, restricts the flow of wastewater and may cause a blockage, which results in the sewer overflowing. A grease interceptor must be in effective working order to allow for the water to drain effectively into the city?s treatment plant. It is estimated that sewers back up about 400,000 times a year in the United States as a result of grease blockage. This not only creates problems in your business, but can seep into the environment causing potential health hazards for not only your community, but surrounding communities as well. Backups and blockage also disrupt the wastewater utility operations as well as increase the requirements for maintenance and costs to the city. For these reasons, almost all municipalities require a commercial kitchen have some type of grease interceptor installed to collect the grease before it enters the sewer system.

Outside of the potential blockage and sewer backup, grease, oils and fats can become rancid, which is a noxious state of decomposition which produces toxic fumes as well as the cultivation of potentially harmful bacteria. These bacteria can pose a serious health risk for anyone that comes in contact with it, including your employees, customers and the community. The clogs, backup and overflow also create a smelly and dirty mess which can possibly damage your business, the profits, the property structure and the environment.

How often should a grease interceptor be cleaned?
Cleaning a grease trap is not a job that anyone ever enjoys doing, but it is necessary for maintaining a healthy environment. It is vital to stay current with the maintenance and cleaning of all grease interceptors and traps to prevent potential hazards. The majority of municipalities require grease traps be cleaned and routine maintenance done once each month. However, depending on the size of the trap and the volume of your business, it may be necessary to have more frequent service. As a business owner it is your responsibility to schedule regular cleaning in order to prevent odors, spill outs, blockage and pipe damage. Due to the potential hazards and health risks, grease traps must always be cleaned and maintained by a licensed and professional company that specializes in grease interceptor cleaning and grease disposal.


What happens to the grease once it is cleaned from the trap?
The waste retrieved from interceptors and grease traps is known as brown grease, which is fats, grease, oils and rotted foods solids. The brown grease is pumped out of the interceptors and grease traps by a grease pumping truck. Most of the brown greases end up in a landfill site; however, some newer facilities along with modern technology are starting to allow the brown grease to be recycled, which is often used as a biofuel.



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NuScale Power Participates In Nuclear Working Conference

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IL: Parsons Brinckerhoff Providing CM Services to CTAFrom: Parsons Brinckerhoff

The Chicago Transit Authority has awarded a contract to Parsons Brinckerhoff to provide construction management services for transit projects throughout its system.

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Thursday, August 29, 2013

John T. Nesser III Elected to Layne Christensen's Board of Directors

[GlobeNewswire] - THE WOODLANDS, Texas -- Layne Christensen Company ("Layne" or the "Company") today announced that on August 23, 2013 the Board of Directors elected John T. Nesser III as an independent ...

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Futures mixed after weak durable goods report

U.S. stock futures were mixed on data showing that businesses cut back sharply on big-ticket purchases last month.

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Real estate Q&A: How do I break up with my Realtor?

QUESTION: I signed a contract with a real estate firm to sell my house, but I'm not happy and want to cancel the deal.

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Everyone's Kinda Freaking Out About All Of The Ugly Housing Data

The U.S. housing recovery has been one of the most encouraging economic stories in the world since the financial crisis.

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Petrofac on target for future growth in earnings

PETROFAC, which employs 4200 people in Scotland, highlighted increasing activity levels in the North Sea and said it was on track for dramatic growth in earnings in coming years.

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Warren Buffett's Latest Stock Picks And His Biggest Portfolio Holdings (iStock Analysis)

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Why It's Time to Buy

Why It's Time to Buy: Despite all the gloom, there are growing indications that it is a good time to...

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DJC Green Building Blog

What can we learn from D.C.?s green building law?

The following post is by Danielle Rodabaugh:

It?s no secret that decisions made in Washington, D.C., frequently lead the way for progressive industry regulation overhaul. This time, however, the overhaul only affects the district?s construction market rather than the national industry ? at least for now.

D.C.'s green building law may have ripple effects elsewhere in the U.S.

The district?s Green Building Act of 2006 was a revolutionary piece of legislation that changed the expectations construction professionals in the district must meet. Since its enactment, construction professionals working in Washington, D.C., have been adjusting to more stringent green building regulations that apply to a wider range of projects than ever before.

The GBA didn?t fully go into effect until Jan. 1, 2012, however, and industry stakeholders continued to scrutinize it through December 2011. Before we delve into how the GBA could affect the future of green building across the country, let?s review the history of this controversial law and take a look at its current state.

The GBA requires that all non-residential buildings within the district larger than 50,000 square feet be built to meet LEED certification standards. Before the GBA, various state and local government agencies across the nation had required that certain publicly funded projects be LEED certified. For example, Colorado has required LEED certification on all state buildings since 2005.� However, the GBA extended to include privately funded projects as well.

The U.S. Green Building Council developed Leadership in Energy and Environmental Design (LEED) guidelines as a way to identify practical and measurable green building strategies. LEED guidelines focus on design, construction, operations and maintenance. Developers, owners and construction professionals can submit their projects for LEED certification, which verifies that a building, home or community was designed and built using techniques aimed at achieving high performance in certain areas of human and environmental health.

The most controversial aspect of the GBA was that it originally included a stipulation requiring contractors to purchase a performance bond guaranteeing their intention to comply with LEED. To put it simply, the bond would hold the contractor financially liable for building a structure that met the minimum LEED standards.

Although performance bonds are commonly required for construction projects, both public and private, the ?green performance bond? type required by the GBA simply was not feasible.

Based on the GBA?s initial wording, if a structure failed to meet LEED certification standards, the government could make a claim on the bond to collect money that would be put in a district fund. Construction professionals, surety providers and contract lawyers began discussing how to best handle the new, strange bond requirement. Ultimately, surety providers argued against it.

Because so many parties are involved with any one construction project, surety professionals asserted that the blame could not solely be placed on the lead contractor. As such, they made it clear that the risk associated with such a bond would be far too great for them to back. The state of the GBA remained in limbo for years as rumors and speculation ensued. Finally, less than a month before the GBA was scheduled to go into full effect, the council passed the Green Building Compliance, Technical Corrections, and Clarifications Act of 2012 as an amendment to the GBA.

With the amendment in place, contractors can now choose one of four ways to guarantee that structures will meet LEED certification standards:

? deposit cash in an escrow account (in a financial institution within the district) and name the district on the account

? provide an irrevocable letter of credit from a financial institution authorized to do business in the district

? provide a surety bond secured by the applicant to ensure compliance

? submit a binding pledge that the applicant will fulfill the current LEED standards for commercial and institutional buildings at the certified level within 2 years of receipt of the certificate of occupancy

No matter which option contractors choose, they guarantee that their structures will meet LEED standards. If they fail to do so, they?ll be held accountable for the consequences, financial and otherwise.

When sweeping changes are made to construction standards, a ripple effect frequently follows. Contractors across the country should keep their ears open for discussions about new LEED certification requirements in other areas. As a construction professional, the best way to plan for the future is by learning from the past. Such is the case with the GBA.

Whether you agree or disagree with the GBA, I encourage you to make sure you?re informed of similar changes that could affect your local construction industry. Then, make sure your voice is heard. Those who spoke out against the initial wording of the GBA were successful in arguing their cases.

Knowledge is power; the more informed you are about green building expectations, the better prepared you?ll be to deal with the inevitable changes.

Danielle Rodabaugh is the director of educational outreach at SuretyBonds.com.

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Wednesday, August 28, 2013

Privatisation Challenge For Japan's Biggest Subway Continues In Osaka

The operator of the subway system in the western Japanese commercial centre of Osaka has recently accelerated its efforts to educate the local population about the need for transport network privatisation ahead of controversial discussions when the next municipal assembly session convenes in September.

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The Lock, Stock, and Barrel Listing

The Lock, Stock, and Barrel Listing: Long common in resort and second-home communities, the practice...

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Pending sales of U.S. homes slip but remain solid

Fewer Americans signed contracts to buy U.S. homes in July, but the level stayed close to a 6A1 2-year high.

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London close: Syrian crisis hits stocks despite upbeat economic data

Data showing improving confidence in Germany and the States wasn't enough to lift markets on Tuesday as investor sentiment was rattled by escalating tensions between Syria and the West.

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Hellas Sports Construction Awarded Weber State University Contract for the Second Time

Hellas Sports Construction of Austin, Texas has been awarded its second contract with Weber State University in Ogden, Utah.

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Arena measure backers vow to regroup after Hansen funding revelation

Sacramento's arena war hit new levels of intensity this week after Seattle financier Chris Hansen was revealed as the secret source of money for a petition drive to put the city's arena plans to a public vote.

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Bond Architects: Ladue Education Center

The new Ladue Early Childhood Education Center is completed early and under budget with help from Autodesk BIM.

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Burns & McDonnell CEO: If you want the Seattle fish market, you have to share ownership

That's the message Burns & McDonnell CEO Greg Graves sent roughly a dozen startup owners during a group lunch earlier this month.

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Tuesday, August 27, 2013

AIC and PWGSC Renew Partnership for Valuation of Canada's Real Property (Market Wire)

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Tetra Tech Shareholder Alert by Former Louisiana Attorney General:...

Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 27, 2013 to file lead plaintiff applications in a securities class action lawsuit against Tetra Tech Inc. , if they purchased the Company's securities during the period between May 3, 2012 and June 18, ... (more)

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110 Mechanic Street 10

Immaculate 3-4 BR, 2 BA Cape in walk to town neighborhood. This unit shares a lovely great room in common with other units.

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Bay Area Preps for Yet Another Transbay Closure

This time it's not BART that's closing down. In fact, BART will be running 24-hour service after the Bay Bridge shuts down Wednesday at 8 pm for five days in preparation for the opening of the long-awaited, new eastern span on September 3 at 5 am.

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Integrated Electrical Services and MISCOR Group Announce Merger Consideration Determination

Integrated Electrical Services, Inc. and MISCOR Group, Ltd. , today announced the merger consideration to be paid by IES to MISCOR shareholders in connection with the merger of MISCOR into IES Subsidiary Holdings, Inc., a wholly owned subsidiary of IES.

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Donald Trump investment school sued by New York attorney general -report

The New York state attorney general filed a $40 million lawsuit on Saturday against Donald Trump 's for-profit investment school, Trump University, accusing it of engaging in illegal business practices, according to the New York Times .

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Arizona home prices back to 2004 levels

Congratulations. It likely is finally worth as much as you paid for it -- if you don't factor in inflation.

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Great Lakes Dredge & Dock Corporation (GLDD): Why This Company's Dirty Job Could Send Its Stock Soaring (iStock Analysis)

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Monday, August 26, 2013

Get ready for 'Septaper'

Each number will be scrutinized even more so than usual this month, as investors look at every economic indicator as a predictor for whether the Federal Reserve will pull back on asset purchases next month -- a move many have dubbed "Septaper."

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Integrated Electrical Services and MISCOR Group Announce Merger Consideration Determination

Integrated Electrical Services, Inc. and MISCOR Group, Ltd. , today announced the merger consideration to be paid by IES to MISCOR shareholders in connection with the merger of MISCOR into IES Subsidiary Holdings, Inc., a wholly owned subsidiary of IES.

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Needy EU nations woo Chinese home buyers with visas

Southern Europe's cash-strapped governments are courting wealthy Chinese homebuyers, seeking to bolster their battered real estate markets by offering visas to those who purchase prime properties.

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Lunda Construction Awarded $61 Million Wisconsin Highway Contract

[Business Wire] - Tutor Perini Corporation , a leading civil and building construction company, today announced that its subsidiary, Lunda Construction Company, has been awarded a contract by the Wisconsin Department of Transportation for construction of the DePere-Suamico, Memorial Drive ? CTH M, IH 43 Early Structures/Early Fill, USH 41 Project near Green Bay, Wisconsin.

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Facebook

The AACE-ETS section now has a Facebook page. Facebook users can view the page by clicking the icon at the top of the AACE-ETS website....

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Ratings Recap: Electrical Contractors, Al-Sagr, Alliance

A.M. Best Europe - Rating Services Limited has affirmed the financial strength rating of 'A-' and issuer credit rating of "a-" of UK-based Electrical Contractors' Insurance Company Limited , both with stable outlooks.

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How To Invest Like A Berkshire Insider (iStock Analysis)

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March Newsletter Online

The March newsletter is now online.

This newsletter has information about the upcoming March section meeting, April's Technical Seminar and Golf Tournament...

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Sunday, August 25, 2013

Berkshire Hathaway Rating Reiterated by Zacks

's stock had its "outperform" rating reiterated by Zacks in a report released on Thursday, Analyst Ratings Network reports.

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John Deere Introduces Feature Enhancements, 36" Track Option To Its S-Series Combine Line-Up

JOHN DEERE INTRODUCES FEATURE ENHANCEMENTS, 36" TRACK OPTION TO ITS S-SERIES COMBINE LINE-UP Aug. 25, 2013 Source: John Deere news release The S-Series Combines are the most productive harvesting machines ever designed and built by John Deere.

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Bill Would Give U.S. Visas to Foreign Home Buyers

Bill Would Give U.S. Visas to Foreign Home Buyers: The reeling housing market has come to this: To...

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Construction labor shortages slow housing rebound

Stephen Shelton wants his son to inherit his masonry company staffed with skilled craftsmen.

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Markup and Profit Blog

Our newest six-hour class, based on the book "Markup & Profit, A Contractor's Guide Revisited", second hour, on markup and margin calculations. Read more about Markup and Margin Calculations

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Greenwood Man Comes To Aid Of Oklahoma Tornado Victims

A local hero who lives in Greenwood recently traveled to Moore, Okla., to help with tornado-relief project.

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Donald Trump investment school sued by New York attorney general -report

The New York state attorney general filed a $40 million lawsuit on Saturday against Donald Trump 's for-profit investment school, Trump University, accusing it of engaging in illegal business practices, according to the New York Times .

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Then There's This: A Pioneer Among Women Architects

Former Austin resident Natalie de Blois left her architectural mark on some of New York's most notable postwar symbols of commerce the Park Avenue headquarters for Pepsi-Cola, Union Carbide, Lever House but her lasting, less visible imprint on Austin is what her friends here cherish the most.

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Saturday, August 24, 2013

Ryland hosts back-to-school drive; teachers get 1 percent base home price discount

Shelly and Ryand Darland with daughter Stella stand in their new home in the Monticello community.

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What Changes to FASB Requirements Will Mean to Electrical Contractors

Currently, the Financial Accounting Standards Board regulations suggest three ways for recognizing percentage of completion , or progress billing, on a project: 1) Cost-to-cost , which is measured by costs incurred as a portion of estimated costs.

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WPS, IBEW launch lab, charging station

International Brotherhood of Electrical Workers Local 158 and Wisconsin Public Service Corp. marked the completion of a Photovoltaic Maintenance and Diagnostics Training Lab and free electric-vehicle charging station Tuesday.

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Grease Trap Maintenance

Grease traps are an important part of any water treatment system where fatty oils, sludge and grease is entered into the plumbing system. As the name implies, the grease trap will trap the grease and other oils and separate it from the water. This is designed to ensure the heavier solids are not passing into the city sewer lines and/or clogging your own drains.

How it Works

The oily and greasy substances will pass through a catching system that is designed to cool the substances off and allow them to solidify. Any water will pass through and go down the drain as usual. The items in the grease trap will need to be disposed of properly and frequently to avoid problems with the system.


In many instances, businesses will have a company come in to perform grease trap maintenance. This includes emptying out the collection bin as well as making sure that the catching system is working appropriately.

Problems to Avoid

Without proper grease trap maintenance being conducted, there are a lot of problems that can arise. These problems are usually expensive, which is why it?s critical to understand how to clean a grease trap properly.

When the grease is not being effectively trapped, the oil and grease will solidify into the drains. This can lead to blockages in the drain line as well as back-ups. This can cause health and sanitation issues as well as foul odors.

If there is too much FOG (fat, oils, and grease) being deposited into city sewer lines, it can also result in significant fines as a result of breaking city ordinance.

Maintenance Tips

Check on city and state ordinances. Many will dictate how often the grease trap needs to be pumped out. This should be scheduled by a company ahead of time to ensure that it is being done on a regular basis to avoid any kind of unnecessary fines.

Liquid waste can be dealt with appropriately by having the necessary dry powder to help soak it up. Even though it is liquid now, it won?t stay that way for long. Proper training of your maintenance staff can ensure that everyone knows what FOG is and what is considered FOG within your facility. Many times, the issues stem from ignorance on the staff?s part. This is always directly related to the amount of training that they receive.

A bacteria additive can also be used within the collection tank for the FOG. These will reduce the fats, oils and grease levels as well as any other organic waste. It works by breaking down and digesting the waste. The benefit of using an additive is that it can cut down on the amount of pump-outs the collection tank requires, which can greatly reduce costs. These are available in a liquid form as well as a bacteria block.

Avoid letting staff rinse hot water down the drains and into the grease trap because this will prevent the grease from cooling and thus it will be flushed into the drains and into the city sewer lines, where fines will eventually be generated.

Slow draining sinks and odors coming from the drains are often a sign that FOG is lingering and that grease trap maintenance needs to be improved. When you want to learn more about grease trap maintenance, start with city and state ordinances. They will dictate what you can and cannot use as well as how often you need to be emptying your tanks. Additionally, a little training can go a long way with your staff. Once you have your grease trap in place, maintaining it is of the utmost importance ? whether you do it in-house or hire a company to do it for you.



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Empire State Housing Market Heats up in July (Market Wire)

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