The Associated General Contractors of America (AGC) held their 95th annual conference (March 4 – 8) in Las Vegas and gathered close to 2,800 attendees. While the general mood of the convention was optimistic, the Association addressed two serious issues for contractors: the lack of skilled workers and the declining infrastructure funds.
According to Ken Simonson, AGC’s chief economist, worker shortages in some regions have grown drastically, reaching “up to 49% below critical levels in some regions.” The issue is expected to get worse with forecast of 4% to 8% growth in the non-residential sector.
As for transportation funding, AGC has launched the “Hardhats for Highways” coalition. Its purpose will be to urge “employees of transportation contractors to contact congressional representatives directly about the number of local jobs that depend on federal transportation funding.”
Another news worth mentioning is the launch of a new health insurance exchange program, aimed to help AGC’s member to reduce premium costs.
Read the full article on ENR’s website.
Category: Contract Bonds