Jack Kocsis Jr. is CEO of Associated Construction Contractors of New Jersey (ACCNJ), created in July with the merger of the Building Contractors Association of NJ and Associated General Contractors of NJ.
What are the three biggest challenges you have faced since the merger?
Creating stable sources of funding for building projects and highway infrastructure through both traditional and non-traditional funding streams, including public-private partnerships. We were pleased to see the governor sign an important ACCNJ initiative, the Economic Opportunity Act of 2013, which reallocates state funding streams to assist in the effort.
In 2007, non-residential construction in the state totaled about $14 billion. This direct construction spending contributed $33 billion to the state GDP. An ongoing association objective is to showcase the value of construction in driving New Jersey's economic engine. It's imperative that construction go hand-in hand with contractors who maintain the highest integrity and deliver quality projects.
Streamlining the public bidding process without lowering the standards in construction. One way to accomplish this is to standardize New Jersey's public contracting statutes. In August, we moved one step closer when another important ACCNJ initiative became law, making the rules on retainage uniform in most public contracts.