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Port of Cleveland Ups Inclusion Goals, Sets $15 Minimum Wage for Services
The Port of Cleveland is setting higher thresholds for putting minority-owned and woman-owned businesses to work on the construction projects it touches. And the government agency will require service contractors it hires to pay workers at least $15 an hour, under a series of updated policies approved this week.
Construction Material Costs Increase 7.4 Percent, as Contractors Continue to be Squeezed by Tariffs and Rising Fuel Prices
The cost of many products used in construction climbed 7.4 percent over the past year due to double digit increases in commonly-used construction materials, according to an analysis by the Associated General Contractors of America of new Labor Department data. Association officials noted that the cost increases come as many construction firms are already grappling with shortages of skilled craftsmen essential for projects but have limited ability to increase prices for their services.
AGCA Tariffs Updates - September 2018
On Sept. 17, the Trump administration announced the implementation of a 10 percent tariff on $200 billion worth of Chinese imports to the U.S., including a wide range of construction materials and supplies (see attached spreadsheet for construction-related items, as there are a lot of them).
Scheduled to take effect on Sept. 24, the complete list of Chinese goods falling under this latest round of tariffs numbers in the thousands. Starting Jan. 1., 2019, the level of tariffs on these Chinese goods will increase to 25 percent, unless progress is made on trade negotiations with the administration.
Given these events, we have updated three documents that you should feel free to share with your members in regards to tariffs impacting construction materials and supplies. Those include: