AGC

AGC

Construction employment climbed in 38 states from October to November and 42 states added construction jobs during the past 12 months, according to a new analysis of federal employment data released by the Associated General Contractors of America today. Association officials said the new employment data shows demand remains strong for the industry as contractors continue to search for even more workers to hire.

AGC

AGC

For nearly three years the U.S. construction industry has been buffeted by unprecedented volatility in materials costs, supply-chain bottlenecks, and a tight labor market. To help project owners, government officials, and the public understand how these conditions are affecting contractors and their workers, the Associated General Contractors of America (AGC) has posted frequent updates of the Construction Inflation Alert.

Nick Fortuna, Contractor Magazine

Last year, hackers launched thousands of ransomware attacks per day, resulting in more than $20 billion in losses for businesses, according to NordLocker, which provides encryption software integrated with cloud storage. Successful attacks often go unreported because businesses are embarrassed to have been hacked.

Nick Fortuna, Constructor Magazine

With 91% of U.S. construction firms experiencing a labor shortage, public officials have a vested interest in helping the industry to develop its workforce. The dearth of workers is contributing to rising costs and project delays, even as construction companies step up their investments in training and recruitment, leading industry executives to call for government action.

AGC

AGC

AGC

Price escalation and supply chain disruptions continue to register as the number one issue in construction contracts today. The absence of a price escalation clause is considered a “killer clause” for many general contractors working on private vertical construction. Public owners are taking notice as well.

AGC

All firms are experiencing similar construction material availability challenges regardless of their market - highway and transportation projects, federal and heavy work, or utility infrastructure. Similarly, shortage of material is a problem which affects all regions of the country only varies slightly between regions.