Report: Contractors facing fewer supply chain issues compared to peak pandemic, some items still struggle
An AGC analysis reported infrastructure projects jumped up in values while residential and nonresidential starts slid.
The overall cost of construction materials dipped in the last couple of months for the first time since 2020. However, home builders are still facing an uphill battle with lack of warehousing storage and a tight labor market, among other factors.
ON THE LEVEL: Husch Blackwell’s Levy says contractors should prepare for building project disruptions in a volatile construction market
A Milwaukee attorney said stakeholders must be transparent with each other and build contingency in their building plans amid a tightening construction market.
The inflation rate for construction costs is flaring higher and longer than expected, making larger projects in Wisconsin with the same scope as before the pandemic more expensive, according to a local lender.
For countries to transition away from fossil fuels and toward cleaner energies like solar power, supply chains for components need to be more geographically diverse, officials said during a conference on solar energy in New Delhi said on Tuesday.
Bid prices have increased and contractors’ input costs have declined again in September, according to the latest Associated General Contractors of America analysis.
The pandemic accelerated the digitization of B2B payments.
If contractors had to sum up the prospect of getting work from the recently passed federal infrastructure bill amid continuing labor and supply shortages, many would no doubt say: It’s a good problem to have. Others, of a more skeptical cast of mind, might add: Be careful what you wish for.
The good news for the Wisconsin construction industry? Between a housing shortage and the long-term boost of the federal Infrastructure Investment and Jobs Act, there’s a lot of business on the horizon, enough to keep contractors hopping for the foreseeable future.
Employees at a fast-food restaurant in Sacramento, California, exasperated over working in stifling heat for low wages, demanded more pay and a new air conditioner — and got both.
A year-and-a-half into the pandemic, contractors are contending once again with a shortage of labor that's compounding supply chain delays and project disruptions.
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