Author: agcnews
Cost-of-the-work agreements (aka “cost plus” contracts) are commonly used in commercial construction contracting to establish the terms and conditions for a project based on the cost of the work performed.[i] The major families of standard construction contracts include a cost-of-the-work plus overhead and profit in their product offerings. In light of price escalation, supply chain disruptions, and rampant inflation, cost-plus contracts have been identified as a contracting tactic to address price uncertainty that still runs rampant in today’s design and construction industry. ConsensusDocs is offering a webinar that will take a deep dive into cost-of-the-work agreements and factors in evaluating if,…
The history of the Consulting Constructors Council (CCC) and their impact on this country and around world stands as a testament to the valued and unparalleled expertise which individuals have brought to the construction community. The purpose of the Council is to recognize those in our industry who have made significant contributions to the quality and professionalism associated with commercial construction professionals. Many in the industry have risen to prominence from small companies, while still others made their way in some of this country’s largest construction businesses. Yet today, and despite their chosen paths, each maintains an emphasis on quality…
Miami-based Coastal Construction awarded for developing Togal.AI, an estimating software program which utilizes deep machine learning and artificial intelligence to analyze construction drawings and provide quantity reports. As a result, the Coastal Construction was named as the grand prize winner of the AGC Innovation Awards, sponsored by Autodesk. “These companies are finding innovative approaches to improve the construction industry,” said Lester C. Snyder, the association’s president and executive vice president of Brightline West in Las Vegas, Nev. “They are part of a core of contractors who are revolutionizing the way firms build projects.” Read more.
The James L. Allhands Essay was established by the late James L. Allhands, one of the founding members of AGC and a prolific writer of construction related works. The award recognizes a student essay on a specific topic that is deemed to be beneficial to the advancement of technological, educational, or vocational expertise in the construction industry. The competition is open to any senior–level student in a four or five–year ABET or ACCE–accredited university construction management or construction–related engineering program. The First Place essay author receives $1,000. His/her faculty sponsor receives $500. Both the recipient and sponsor are invited as…
Purdue University Professor, Bryan Hubbard, was named outstanding educator of 2023 in the field of construction education, the Associated General Contractors of America announced today. The association selected Hubbard for the award because of his academic contribution as well as work with students outside of the classroom and involvement with colleagues in the industry. “These educators play a vital role in nurturing the future leaders of our industry,” said Lester C. Snyder, the association’s president and executive vice president of Brightline West in Las Vegas, Nev. “By honoring some of the top construction educators in the country, we aim to inspire others in…
The price of materials and services used in nonresidential construction inched down 0.1 percent from February to March, as plunging fuel prices outweighed increases in the cost of other goods, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said new rules associated with federal funding for a range of infrastructure projects will make it hard for firms to procure materials and may drive bidders away from the projects. “With materials costs fluctuating so much month-to-month, contractors remain wary about committing to projects with unpredictable costs and lead times,” said Ken Simonson, the…
The University of Nevada, Las Vegas (UNLV), as well as Iowa State University and Pittsburg State University were named the nation’s most outstanding student construction chapters of 2022, the Associated General Contractors of America announced today. The student chapters were each honored for one of three categories; Emerging Student Chapter Award, Community Service Award and Construction Management Skills Award. “We honor these three student chapters for their dedication to the construction industry and commitment to supporting local communities,” said Lester C. Snyder, the association’s president and executive vice president of Brightline West in Las Vegas, Nev. “These students showcase the future of our…
All of the photos from the 2023 AGC of America Annual Convention are now available via our online photo portal. The photos are organized in albums based on each session and can be downloaded the photos right from the site. Thanks to everyone who attended the 2023 Annual Convention in Las Vegas, their support and engagement helped make the event a big success. We hope to see all you next year at our 2024 Annual Convention in San Diego from March 20-22, 2024!
The construction sector shed 9,000 jobs in March, the first decrease since January 2022, even as the sector’s unemployment rate fell and total number of job openings in the sector hit a near-record high, according to an analysis by the Associated General Contractors of America of new government data. Association officials said the industry was struggling to replace aging workers and pushed for new construction training and education support, as well as immigration reform measures to encourage more people into the industry. “Despite a small dip in headcount, construction firms continued to post a high level of job openings and raised pay…
The Associated General Contractors of America (AGC) today announced that Lester C. Snyder, executive vice president of Las Vegas-based Brightline West, will serve as its new national president for the coming twelve months. The association additionally announced that Thomas L. Brown, Encinitas, Calif.-based Sierra Pacific West, will serve as senior vice president; Todd Roberts, president of Jackson, Miss.-based ERS Inc., will serve as vice president; and Shea De Lutis, Director, national contractor Clark Construction Group will serve as treasurer. “The Associated General Contractors of America (AGC) serves as the single forum where construction firms can come together to tackle the…