Economic outlook: The issues that will boost, challenge construction in 2022
Originally posted on projin.co.kr In late December, Deron Brown was having trouble finding a hotel room in Phoenix for a January conference. And from his perspective, that was a good thing. As president and chief operating officer of U.S. operations for Edmonton, Canada-based PCL Construction, Brown constantly tries to read the tea leaves of where […]
Nonresidential Construction Employment Up 27,000 in December, According to ABC
By Greg | Originally posted on site-kconstructionzone.com The construction industry added 22,000 net jobs in December, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Overall, the industry has recovered slightly more than one million (92.1%) of the jobs lost during earlier pandemic stages. Nonresidential construction employment […]
ABC’s Construction Backlog Slips in December, Contractor Confidence Continues to Improve
Originally posted on randrmagonline.com Associated Builders and Contractors reports that its Construction Backlog Indicator fell to 8.2 months in December, according to an ABC member survey conducted from Dec. 16 to Jan. 4. The reading is down 0.2 months from November 2021, but up 0.9 months from December 2020. ABC’s Construction Confidence Index readings for sales, […]
Education & Workforce Development
Originally posted on ibj.com Educators still too focused on traditional paths In IBJ’s Thought Leadership roundtable, experts at Project Lead The Way, Associated Builders and Contractors of Indiana/Kentucky, CREA Foundation and Greater Education Opportunities Foundation, discuss the state of Indiana’s education system and how it must improve to prepare Hoosiers for the workforce. Q: How […]
Steel Prices Might Be Skyrocketing Soon: Here’s Why
By TK Sanders | Originally posted on outsider.com With the global supply chain currently experiencing unprecedented chaos, raw materials like steel are sometimes hard to find these days. Steel is not a product that gets bought by consumers, but it comprises hundreds of products that consumers do buy each and every day. Therefore, even though a shortage […]
ABC Cheers Supreme Court OSHA COVID-19 Vaccination Mandate Ruling
On Jan. 13, ABC applauded the U.S. Supreme Court for reinstating the stay on the U.S. Department of Labor’s Occupational Safety and Health Administration’s COVID-19 Vaccination and Testing Emergency Temporary Standard, which applies to employers with 100 or more employees. On behalf of the construction industry, ABC filed one of the emergency appeals to the Supreme Court leading to […]
How contractors employ tech solutions to help mitigate pricing woes
By Robyn Griggs Lawrence | Originally posted on https://www.constructiondive.com/ Firms like Boldt and DPR have embraced using data and BIM for detailed cost breakdowns on project bids. When The Boldt Co. was asked to submit a proposal for a new building’s structural steel package based on very limited drawings of an existing one, the estimating […]
Federal contractor minimum wage to rise to $15 an hour
By Ryan Golden | Originally posted on https://www.constructiondive.com/ Dive Brief: The U.S. Department of Labor announced Monday a final rule implementing President Joe Biden’s executive order raising the federal contractor minimum wage from $10.95 to $15 an hour. The final rule retains the Jan. 30, 2022, deadline by which agencies must incorporate the new rate […]
ABC Responds to Biden Administration Federal Contractor Minimum Wage Increase
Originally posted on https://www.randrmagonline.com Associated Builders and Contractors released the following statement in response to the U.S. Department of Labor’s Wage and Hour Division’s final rule increasing the minimum wage on federal contracts from $10.95 to $15 per hour beginning in early 2022, superseding a scheduled increase to $11.25 that will occur on Jan. 1. […]
Passage of Partisan Reconciliation Bill Harmful to U.S. Economy, Construction Industry, Says ABC
Originally posted on https://amerisurv.com Washington, Nov. 19—Associated Builders and Contractors released the following statement on today’s passage of the partisan reconciliation bill by the U.S. House of Representatives. “This partisan, reckless tax and spending bill would devastate the U.S. economy, further exacerbate supply chain and inflation woes, and impose dangerous tax hikes and restrictive labor […]