PRESIDENT'S MESSAGE
Join An STA Committee & Help Make a Difference in Our Industry!
Dear STA Members and Friends,
There are many changes coming to the STA, and the one I am most excited about is a reorganization of our Committees Program. We are currently recruiting members for all of our committees, and I’d like to take this month’s President’s Message to talk about each group and how they function.
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ANTHONY ACERRA
Principal, ACL Steel
President, STA Board of Directors
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EXECUTIVE DIRECTOR'S MESSAGE
STA Opposes Workers Comp Legislation Making Insurance More Expensive.
Among the hundreds if not thousands of pieces of legislation passed by the Assembly and Senate in Albany this year, the STA and other industry associations are standing together in opposition to S.768/A.1118. This bill, which is making its way to the desk of Governor Kathy Hochul, would change the way that temporary partial disability is structured by allowing for benefits at the temporary total disability rate for employees with mild or moderate partial disabilities unless the employer can provide light-duty work.
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HANK KITA
STA Executive Director
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ANDREW RICHARDS
Co-Managing Partner(LI), Kaufman Dolowich Voluck,
Attorneys at Law
Legal Counsel, STA
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Proving Labor Costs at Trial | Contractors have many ways of keeping labor records. Some have the old school method of having laborers fill out individual daily and/or weekly timesheets; some have each laborer advising a foreman of the time worked on a particular project and then the foreman fills out the weekly time sheets, and some have computerized record keeping where the laborer uploads the time spent and project location to a central database. | | |
Workers’ Compensation Costs and Changes to the EMR Formula Effective October 1, 2022 | | |
From American Global - by John Frizalone, Senior Advisor, and Erin Carroll, Senior Vice President | |
October is the time of year when changes are implemented to the New York Loss Cost rates (LC). It’s also the time when other factors, such as those that can affect your workers’ compensation cost, may come into play, directly impacting your ability to bid competitively. This year, in addition to the usual changes, there are significant modifications to the Experience Modification Rating (EMR) formula. | | |
Industry Conditions & Outlooks Revealed in Grassi’s 2022 Construction and A&E Survey | | |
Carl Oliveri, Construction Practice Leader, Grassi Advisors & Accountants | |
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Grassi’s 2022 Construction and Architecture & Engineering (A&E) Survey uncovered the latest strategies that general contractors (GCs), subcontractors, architects and engineers are deploying to address price fluctuations, cash flow challenges, labor costs and more.
The findings were released in an authoritative report to help leaders benchmark their businesses, understand today’s risks and discover strategies that drive growth and innovation.
Here are the key takeaways the survey revealed:
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19-01 Steinway Street. Astoria, NY 11105
Contact: Kenneth Schultz
T: 516-473-9408
E: [email protected]
Equipment Rental
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STA Visits Long Island
The STA would like to thank member Grassi & Co. for hosting the STA and SMACNA LI members on September 21 for a breakfast meeting.
Our contractors discussed many issues affecting the construction business, including material price escalation, insurance, change orders, dealings with city agencies, site safety and legislative efforts.
We would also like to thank our great friends at Milwaukee Tool for their always exciting raffles.
STA looks forward to planning more events and meetings on Long Island to make the association accessible to all members there.
Please email the STA office with any comments regarding this initiative to [email protected].
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Contact Samantha Sweeney-Annarumma at [email protected] to be featured on STA's LinkedIn with a member profile! | | |
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STA Partners with Mutual of America for STA 401(k) Program
The Subcontractors Trade Association (STA) has teamed up with Mutual of America to offer our members a comprehensive array of retirement plan services through a Multi-Employer Plan (MEP).
For this MEP, STA acts as the plan organizer, and our members may join the plan through participation agreements. This plan is a great idea for many of our members, especially those businesses with a small number of employees, as an MEP will save you money on administrative costs, among other cost-cutting factors.
Please click here and here for more information!
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STA member Randy Rifelli of United Iron recently joined in on the MEP:
“Mutual of America provided a comparative analysis of my current plan with that of theirs. I strongly recommend this analysis which points out the comparative fee structure of your current plan with that of Mutual of America. I found out that going with the MEP would have lower fees and included items that I was paying additional for with my current plan. They also provided investments comparison between the two plans. The comparative study convinced me and will guide you to make the correct business decision.”
Mutual of America will be holding an informational zoom session to learn more about the plans on Wednesday, November 16 from 9am-10am. Please email Samantha Sweeney-Annarumma at STA to register – [email protected].
Please feel free to reach out to STA’s Mutual of America representative Michela Indelicato at [email protected] or via phone at 646.241.8027.
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Mark Your Calendars for These
Upcoming Meetings and Events
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STA FALL GENERAL MEMBERSHIP MEETING | |
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Tuesday, October 18, 5:30pm
Club 101, 101 Park Avenue
STA October Board of Directors Meeting from 3:30pm-5:30pm at Club 101
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STA NOVEMBER BOARD OF DIRECTORS MEETING | |
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Wednesday, November 9, 5:30pm
STA offices, 1325 Avenue of the Americas, 10th Floor, New York, NY 10019
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SOCIAL SIDE OF INFRASTRUCTURE & STA HOLIDAY PARTY | |
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Thursday, December 8, 2022
CohnReznick offices – 1301 Avenue of the Americas, 10th Floor, New York, NY 10019
4:30pm - Social Side of Infrastructure Seminar
5:30pm - Holiday Party Begins
Food & Refreshments will be provided. Free for STA members.
Email [email protected] to register for both.
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Hochul taps team to redesign Penn Station | |
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State officials have awarded a contract of up to $57.9 million to redesign Penn Station.
Gov. Kathy Hochul announced that a joint venture between FXCollaborative Architects and WSP USA will complete preliminary design and engineering work on the project, which would create a 250,000-square-foot, single-level facility at the labyrinthine station.
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Mayor Adams, SBS Announce NYC Surpasses Target, Ahead of Schedule to Award $25 Billion in Contracts to M/WBEs | |
New York City Mayor Eric Adams and New York City Department of Small Business Services (SBS) Commissioner Kevin D. Kim today announced that the city has surpassed its 10-year OneNYC goal to award $25 billion in contracts to minority- and women-owned business enterprises (M/WBE) by Fiscal Year (FY) 2025 — three years ahead of schedule. This achievement comes amid a strong focus on expanding the pool of contracts subject to the M/WBE program and creating more opportunities for M/WBEs to win procurements. | | | | | |
