A shortage of skilled construction labor is impacting the bottom line for contractors, according to the first-quarter 2019 Commercial Construction Index report by USG Corp. and the U.S. Chamber of Commerce.
The labor shortage has made it difficult for contractors to meet schedule deadlines. Seventy percent of contractors are struggling to meet project deadlines, the report says.
Forty percent of contractors said they have had to turn down project offers because they didn’t have enough people to do the work. The labor shortage has forced 81% of contractors to require employees to do extra work, and 63% say it has increased costs for new work.
Survey respondents said the key to attracting new workers is to emphasize the potential for high pay, good benefits, potential for career advancement, and the chance to work with advanced technology.
Related Stories
Codes and Standards | Jan 4, 2018
U.S. military needs to do more to address climate change risk for facility design
GAO report cites hundreds of overseas facilities in peril.
Codes and Standards | Jan 3, 2018
China Construction America faces billions of dollars in liability in lawsuit
Court filing alleges massive fraud and breaches of contract in Baha Mar Resort Project.
Codes and Standards | Jan 2, 2018
Smart building tech can reap utility savings of 8% to 18% in commercial buildings
Potential for increased deployment of smart building technology is great beyond early adopters.
Reconstruction & Renovation | Dec 21, 2017
Interactive map includes detailed information on historic New York City buildings
The New York City Landmarks Preservation Commission launched a new, enhanced version of its interactive map, Discover NYC Landmarks.
Codes and Standards | Dec 20, 2017
Moody’s says cities may face credit downgrades if they don’t address climate risks
Credit ratings giant will ask what communities are doing to mitigate risk exposure.
Codes and Standards | Dec 18, 2017
Schools with optimal indoor environments boost student performance and energy efficiency
World Green Building Council report confirms that lighting, indoor air quality, thermal comfort and acoustics impact learning.
Codes and Standards | Dec 14, 2017
Mayors sign Chicago Climate Charter; will strive to meet Paris accord goals
Pledge to push for more local authority to reduce emissions.
Codes and Standards | Dec 13, 2017
New report examines ongoing costs of green infrastructure options
The report compares solutions to reduce stormwater.
Codes and Standards | Dec 12, 2017
Total cost of structural fires in U.S. reached $328.5 billion in 2014
Costs associated with losses was $55.4 billion.
Codes and Standards | Dec 11, 2017
Steel-timber composite system proposed for mid- and high-rise buildings
Structural steel columns and beams support a cross-laminated timber floor system.
