Gould + Ratner
2024 Construction Outlook
Publication Highlight

2024 Construction Outlook

Throughout the past few years, the construction industry has been plagued with myriad issues, including supply chain constraints, labor shortages and material procurement problems, among others.
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We have all heard the old axiom: A lawyer who represents themself has a fool for a client. More truth than not in that statement, probably.
Richard Reizen
Partner
Chair, Construction Practice
As we welcome 2019, the following is a recap of new laws affecting Illinois employers. Illinois Human Rights Act The Illinois Human Rights Act (IHRA) nowrequires all Illinois employers to advise employees of their right to be free from harassment, discrimination, and retaliation in the workplace.
Mark Brookstein
Partner
As 2018 begins to wind down, it is the traditional time for industry experts to prognosticate on risks facing the construction industry. We have reviewedseveral such prognostications from the insurance and construction industries and combined it with our personal and anecdotal experience and offer the followingbrief list of issues which the Gould & Ratner Construction Practice believe could impact the industry in the coming year.
Richard Reizen
Partner
Chair, Construction Practice
The Opportunity Zone program was created as a provision of the Tax Cuts and Jobs Act of December 2017. The program was developed with the intent to helpencourage investment in economically distressed communities – called qualified opportunity zones (QOZs) – by allowing taxpayers to invest realizedcapital gains in qualified opportunity funds (QOFs).
Ilana Bley
Partner
Vice Chair, Tax Planning and Structuring Practice
On August 21, 2018 the State of Illinois amended the Nursing Mothers in the Workplace Act to prohibit an employer from reducing an employee’s compensationfor breaks for nursing mothers.
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
Mark Brookstein
Partner
The U.S. Supreme Court has delivered a major victory for employers across America – ruling that mandatory arbitration agreements that contain a provision prohibiting any form of class or collective litigation are lawful.
David Michael
Managing Partner
Chair, Human Resources and Employment Law Practice
Human Resources and Employment
Mark Brookstein
Partner
Human Resources and Employment
When negotiating a construction contract, the pricing model selected to determine the cost of the project is arguably the most important decision the partieswill make.
Richard Reizen
Partner
Chair, Construction Practice
Along with the new year came sweeping changes to the Internal Revenue Code of 1986, as amended (the Code), in the form of the Tax Cuts and Jobs Act (theAct). Among other things, the Act purports to lower taxes and simplify the Code.  (As appeared on Law360.com.)
Jennifer Tolsky
Partner
Chair, Tax Planning and Structuring Practice
Stiff Penalties Will Likely Force Compliance With GDPR

A sweeping new law aimed at protecting the privacy of people living in the European Union will likely force virtually all businesses – small and large – here in the United States to overhaul the way they collect and use personal information received and stored digitally, or face potentially huge fines.

The Senate and the House have each passed their own version of Tax Reform. In comparing the two bills there are many similarities, however, there are also many differences that will have to be reconciled as the two bills are merged into a single piece of legislation. It is unclear at this point how these differences will be resolved. However, the House did vote to go to conference with the Senate to reconcile the two bills.
Gerard Fellows
Partner
Chair, Tax Compliance Practice