In Dec. 23’s Federal Register, the Federal Acquisition Regulatory Council announced an extension – from Jan. 13 to Feb. 13 – of the comment period for its proposed rule to require certain federal contractors to disclose information regarding their greenhouse gas emissions and climate-related financial risk and set science-based targets to reduce their GHG emissions. The rule implements elements of President Biden’s May 20, 2021, Executive Order 14030, “Climate-Related Financial Risk.”

As we pass one year of living in the “new normal” of a global pandemic, the construction industry—and the specialty trade sector in particular—has navigated the unprecedented year and resulting economic impacts with an unmatched level of resiliency. 

What do the terms “auto-exposure” and “leap-frog” mean in reference to high-rise buildings?

This year’s study results indicate changes in the engineering and construction risk environment over the last three years and provide important data points regarding future risk management trends.