April 18, 2022 – Ken Simonson, Associated General Contractors economist, noted that construction input costs outpaced bid prices again in March, according to Bureau of Labor Statistics (BLS) data. The producer price index (PPI) for material and service inputs to new nonresidential construction jumped 2.7% for the month and 21.5% year-over-year (y/y). The PPI for new nonresidential building construction – a measure of the price that…
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Hawbaker Agrees to Pay $20 Million in Back Wages
Glenn O. Hawbaker Inc. has pleaded to and been sentenced for violations of the Pennsylvania Prevailing Wage Act and the federal Davis-Bacon Act.
Read MoreLabor and Employment
There Are Likely to Be Labor and Employment Changes Ahead for Federal Road and Highway Contractors. By Michael J. Schrier
Read MoreSupply Chain Delays Negatively Impact Civil Contractors
In the fourth quarter of 2020, Dodge Data & Analytics’ The Civil Quarterly (TCQ) reported that fewer than half (43%) of civil contractors believed fluctuations in the cost of construction materials had impacted their projects at the time. The first quarter 2021 report, however, revealed a stark contrast to those findings. The vast majority have negatively felt these impacts, with…
Read MoreMaterial Shortages, Price Increases
Nov. 24, 2020 – According to Ken Simonson, chief economist for Associated General Contractors of America (AGC), selective materials shortages and price increases continue to affect contractors. AGC has received reports of cement shortages in California and Utah. Participants in the October ABI survey also reported problems. Overall, six in 10 responding firms this month indicated that they have seen some degree of…
Read MoreMarch Construction Spending Holds Steady
The U.S. Census Bureau reported that construction spending during March 2020 was estimated at a seasonally adjusted annual rate of $1,360.5 billion, 0.9% (±0.8%) above the revised February estimate of $1,348.4 billion. The March figure is 4.7% (±1.3%) above the March 2019 estimate of $1,299.1 billion.
Read MoreMany Contractors Concerned About Longer-Term Impacts of COVID-19
In order to better understand the degree of impact and biggest concerns that the construction industry has about the COVID-19 crisis, Dodge Data & Analytics conducted a survey of 172 contractors across the U.S. from March 19 to March 31. The results of that study, published in the “Keeping Business Going in a Time of Crisis: Findings from the Dodge Contractor Panel Study…
Read MoreAGC: Sharp Jump in Owners Canceling or Delaying Construction Projects
Thirty-nine percent of contractors report that project owners have halted or canceled current construction projects amid deteriorating economic conditions, according to a survey released today by the Associated General Contractors of America.
Read MoreConstruction Employment Increases in 38 States
Thirty-eight states added construction jobs between March 2018 and March 2019, while construction employment increased in 29 states between February and March, according to an analysis by the Associated General Contractors of America of Labor Department data. Association officials said the widespread gains show demand for workers remains strong and urged federal officials to enact immigration reforms to boost the supply of qualified…
Read MoreCommand Alkon Rebrands, Emphasizes Collaboration, Partnership
A reimagined brand, story and logo is establishing a new identity for Command Alkon, including the mantra, “Together We Build Amazing,” which captures the essence of “the why” for people across heavy building materials production, according to the company. The move celebrates what management noted is “the commitment from contractors, concrete producers, raw material suppliers and haulers to drive digital…
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