Friday, November 20, 2020

Majority of Construction Leaders Not Looking Forward to Biden Presidency

According to a recent survey of construction executives by Construction Dive, the majority of construction leaders are concerned about how the industry will be impacted by a Biden administration. 

Nearly two-thirds of survey respondents (61%) said they are not looking forward to a Biden presidency, and 55% said Biden will not be good for the construction industry.

The regulatory environment is one of the primary concerns of construction leaders. The Donald Trump administration aggressively cut rules and regulations to reduce the burden on construction firms. Increasing regulations can be achieved without Congressional consent via actions by federal agencies such as the Environmental Protection Agency (EPA), the Occupational Safety and Health Administration (OSHA), and the Internal Revenue Service (IRS).

One reader told Construction Dive, “Biden has a history of heavy-handed regulatory oversight including OSHA, EPA, IRS, etc.” Much of what Trump has done to relax the regulatory burden will likely be undone by Biden, increasing the cost of doing business. Regulations hostile to non-union contractors will also become problematic again at the expense of taxpayers and benefiting the single-digit number of union employees compared to all employees.”

CLICK HERE to read the entire GroundBreak Carolinas' article

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