DISCA News | May 2023 - Scholarship Program, Annual Golf Classic and MORE!

Newsletter I May 2023

The Drywall Interior Systems Contractors Association, Inc. of New Jersey (DISCA) has a Scholarship Program for the children or grandchildren of management employees of companies contributing to the DISCA Industry Promotion Fund (IPF). The scholarships are to help defer the cost of college and other educational expenses for a two or four-year education at an accredited college or an accredited vocational school.

Scholarship Application

DISCA News

On Tuesday, May 30, and Wednesday, May 31, the NJ Expo Center will resound with hammers, trowels, welders, and heavy operating equipment as the Drywall & Interior Systems Contractors Association (DISCA) and its industry partners host Construction Industry Career Day (CICD).

CICD is a two-day event that invites students, parents, educators, jobseekers, and the public to explore dozens of construction-related exhibits and demonstrations that reveal a challenging and rewarding career – and learn about the many professions in the industry, including their salaries, benefits, stackable credentials, and educational opportunities.

Industry News

Construction Costs in 2023 and How Your Contract Can Help You Get Ahead of

Supply Chain Risks

Here it is 2023, and the construction industry is still grappling with the supply chain crisis and material price escalation. According to the AGC’s 2023 Construction Outlook National Survey, 36% of contractors canceled projects in 2022 without rescheduling those projects and cited “rising costs” as the primary reason for cancellations. In the same survey, contractors highlighted “economic slowdown” and “building material prices” as their top two concerns in 2023. Costs were continuing to rise across major US markets in Q4 of 2022 according to the construction cost index.

Identify, Manage and Reduce

Jobsite Hazards & Threats

How to Mitigate Risk in Construction Projects to Grow Profits

All construction projects carry some level of risk that needs to be identified, assessed and managed so construction projects are not negatively impacted. There are four main types of risk in construction: financial, safety, scheduling and legal. Effective risk management helps construction companies grow profits by ensuring projects are completed on time, within budget and without incident.

Tax Alert:

Bonus Depreciation is Being Phased Out In 2023

One of the more robust tax incentives over the past several years has been Bonus Depreciation. This tax provision allowed companies to accelerate depreciation on purchased equipment to the year it was purchased, and write the amount off on their taxes. This made it especially useful to construction companies who make large-ticket capital equipment purchases.

Key Provisions Every Subcontractor Should Consider Before Entering an Agreement

When prime contractors and subcontractors do business together, success is reliant upon clear, effective communication. And that communication starts with the contract. Both parties must be aware of their responsibilities and liabilities, and those details lie in the contract provisions. What follow are important stipulations to consider.

Events & Programs

DISCA | 1120 Rt. 73, Suite 200 | Mt. Laurel, NJ 08054

Phone: (856) 291-0252 | Fax: (856) 439-0525

info@disca.org | www.disca.org