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Eighty-eight percent of construction firms are having a hard time finding workers to hire, undermining efforts to build infrastructure and other projects as firms boost pay and embrace AI to cope with labor shortages
Few candidates have the basic skills needed to work in high-paying construction careers, forcing short-staffed contractors to find new ways to keep pace with demand and undermining efforts to build infrastructure and other projects, according to the results of a workforce survey conducted by the Associated General Contractors of America and Autodesk.
Kebony, a global leader in the production of sustainable wood, on June 9 reaffirmed its status as a pioneer in the movement for a greener construction industry with the launch of a new Sustainability Report.
The Marcum Commercial Construction Index for the first quarter of 2023 reports that the construction industry retains momentum despite still-elevated inflation and ongoing labor shortages.
New industry outlook survey shows contractors expect infrastructure and other public-sector funding will help as growth slows for many types of private construction, but labor shortages and supply chain issues persist
Construction contractors are less optimistic about many private-sector segments than they were a year ago, but their expectations for the public sector market have remained relatively bullish, according to survey results released Jan. 4 by the Associated General Contractors of America and Sage. The findings are detailed in High Hopes for Public Sector Funding Amid Workforce and Supply Chain Challenges: The 2023 Construction Hiring & Business Outlook.
The Marcum Commercial Construction Index for the third quarter of 2022 reports that the construction industry remains constrained by labor shortages and elevated materials prices, but now also faces a rapidly deteriorating economic outlook and severely elevated borrowing costs. While some construction segments retain momentum, there are signs that broader economic weakness have begun to drag on the industry.
The U.S Department of Labor’s Wage and Hour Division announced it will be asking the building construction industries to participate in Davis-Bacon Act wage surveys in FY 2023 to help the agency establish prevailing wage rates, as required under the Davis-Bacon and Related Acts.
Hill International, Inc., delivering the infrastructure of change, on Sept. 20 announced a partnership with the National Urban League. The partnership will focus on increasing diversity in the country’s construction workforce.
Kojo – the construction industry’s leading materials management platform – has been named the winner of the best “SaaS Product for the Construction Industry” by the SaaS Awards.