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    Construction NewsBRIEFS! 12-7-2011

     

    Parties to construction contracts and their attorneys now can utilize a powerful new tool for facilitating settlement of disputes, according to “Offers of Compromise Could Facilitate Settlements”, in the Connecticut Law Tribune Construction and Energy Law Supplement. Public Act 11-149, which was passed unanimously by the General Assembly and signed into law by the Governor, effective Oct. 1, 2011, provides for offers of compromise to be made during arbitration proceedings to resolve construction contract disputes.

    CPTV is seeking audience members for Retirement Realities: A Town Hall Meeting, Why So Many Americans Feel Unprepared, a panel discussion, on Thurs., Dec. 15, 2011, at 7:30 pm at CPTV’s Chase Family Studio, Hartford. To participate in the discussion on securing your financial future in these turbulent economic times, contact jmoreno@cptv.org or call 860-275-7288.

    New York Gov. Andrew Cuomo and state organized-labor leaders are exploring the idea of tapping private and public pension funds to help pay for an array of construction projects, including the overhaul of the Tappan Zee Bridge, according to The Wall Street Journal. According to people familiar with the matter, the talks are at an early stage and haven't been disclosed publicly. But pension investments are emerging as a key pillar of the Governor’s plan for a new infrastructure fund to finance a backlog of big-ticket projects, the people said.

    For more Construction news please see CCIA Highlights Weekly Newsletter (for members only) or Request a copy today!