Articles

  • /sites/default/files/styles/cover/public/cover/random/2017-11/cover-pic-02.jpg?h=afa3cfa7&itok=QvEihQ2y
  • /sites/default/files/styles/cover/public/cover/random/2017-11/cover-pic-03.jpg?h=452f395a&itok=o2eJpQ1X
  • /sites/default/files/styles/cover/public/cover/random/2017-11/cover-pic-04.jpg?h=d85646e8&itok=e-zcRWuw
  • /sites/default/files/styles/cover/public/cover/random/2017-11/cover-pic-05.jpg?h=eb90c5f1&itok=fmftIU1H
  • /sites/default/files/styles/cover/public/cover/random/2017-11/cover-pic-06.jpg?h=f8567693&itok=OYoPjORc

SB 61 - 5% retention payments - signed into law by the Governor

We are pleased to inform you that Senate Bill 61 (Cortese)— a key piece of legislation championed by the California Builders Alliance —was signed into law by Governor Newsom on July 14, 2025. This major victory follows years of advocacy by our organization and partners dedicated to improving payment practices in the commercial construction industry. This landmark legislation addresses longstanding financial challenges faced by construction contractors and subcontractors working on privately financed projects.

Mid-Year Outlook: Key Trends Shaping the Construction Industry in 2025

Construction Activity Hits a Plateau in 2025

The second half of 2025 brings a mixed picture for the construction industry. Overall spending has leveled off as high interest rates and policy uncertainty weigh on new projects, particularly in the commercial and manufacturing sectors. While infrastructure work continues to see funding, its long-term outlook remains uncertain.
 
Labor Market Cools

Subscribe to Articles