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    Industry News December 13, 2011

    Construction companies waiting longer to be paid - An analysis of accounts receivable of private companies that do construction-related work reveals that contractors are waiting longer to be paid for finished work. For concrete, masonry, and roofing contractors, the study shows the number of AR days has risen from 2010 levels, as have AR days for those in architectural, engineering and related services. However, it is the finishing contractors who wait the longest: about 11 weeks today compared to nine weeks last year. "I think it’s a sign of the difficult times that we as a construction industry have been faced with," said Brian Perlberg, senior counsel for construction law and contracts with the Associated General Contractors of America. Forbes (12/9)

    Connecticut’s Health Care Sector to Check In on Construction - While the country is full of infrastructure in need of an upgrade, at least one state—Connecticut—is poised to bring its hospital and health-care sector into the 21st century with advanced medicine and facilities to match. Analysts say that with more than $1 billion of expansions and new building planned during the next six years, the state's hospital and health-care sector may be well-positioned to throw a lifeline to the ailing construction industry.  ENR New York (12/2)