Author: agcnews
For more than two years, the U.S. construction industry has been buffeted by unprecedented increases in material costs, supply-chain bottlenecks, and a tight labor market. AGC’s Construction Inflation Alert is intended to help owners, public officials, and others understand what contractors are experiencing. It also outlines steps owners and contractors can take to adjust to the fast-changing market conditions. The April 2022 edition—the 7th since early 2021—includes information on the impact of the war in Ukraine on recent increases in materials costs and supply delays. Chapters and members are encouraged to forward the latest information about conditions, such as supplier newsletters and “Dear…
Construction employment increased from February 2020—the month before the coronavirus pandemic—to February 2022 in nearly three-fifths of U.S. metro areas, according to an analysis by the Associated General Contractors of America of new government employment data. Association officials said it is getting harder to find workers and urged officials to invest more in career training and education programs for construction. “The rebound in construction employment in most metros shows there is robust demand for infrastructure and nonresidential buildings, as well as housing,” said Ken Simonson, the association’s chief economist. “But contractors in many areas say they would hire even more workers if…
Construction employment climbed by 19,000 jobs between February and March, while spending on construction projects rose for the 12th month in a row in February, according to an analysis by the Associated General Contractors of America of government data released today. Association leaders warned that further gains may stall unless the supply of workers and materials improves. They urged officials to end tariffs on key materials and broaden training and education opportunities for construction careers. “Construction is contributing significantly to the expansion of employment and the overall economy,” said Ken Simonson, the association’s chief economist. “But the sector is facing…
AGC helps construction firms prepare for ripple effect The U.S. Securities and Exchange Commission (SEC) currently requires registrants (e.g., publicly traded companies) to disclose environmental risks (including climate) to investors. In its recent proposal, The Enhancement and Standardization of Climate-Related Disclosures for Investors (pre-publication version released March 21, 2022), the SEC looks to define “climate-related risks” and expand the required evaluation and documentation of those risks, including the disclosure of direct and indirect greenhouse gas (GHG) emissions as well as the emissions related to the supply chain, if material. The proposal, when finalized, could cause more project owners to require climate-related documentation…
AGC helps construction firms prepare for ripple effect The U.S. Securities and Exchange Commission (SEC) currently requires registrants (e.g., publicly traded companies) to disclose environmental risks (including climate) to investors. In its recent proposal, The Enhancement and Standardization of Climate-Related Disclosures for Investors (pre-publication version released March 21, 2022), the SEC looks to define “climate-related risks” and expand the required evaluation and documentation of those risks, including the disclosure of direct and indirect greenhouse gas (GHG) emissions as well as the emissions related to the supply chain, if material. The proposal, when finalized, could cause more project owners to require climate-related documentation…
On March 30, the U.S. General Services Administration (GSA) issued new carbon standards under its Facilities Standards for the Public Buildings Service (P-100) to require the use of lower carbon concrete products and asphalt paving practices for all GSA design and construction contracts that involve at least 10 cubic yards of those materials. The general contractor now must source concrete that meet specific carbon requirements; collect and maintain documentation associated with both materials; and, in the case of asphalt, employ carbon reduction practices such as recycled content or reduced mix temperatures. These requirements must be included in the scopes of work for…
Construction Industry’s Charitable Group, AGC Charities, Names Group as Its AGC in the Community Award Member Winner for 2021 As a Result GRAPEVINE – Detroit-based Sachse Construction was awarded for performing some of the construction industry’s best charitable work in 2021. The group received the AGC in the Community award for its donation of services to help build the Academy of Warren Playground project. “These award recipients have used their skills to help improve the lives of those around them,” said Thomas Brown, chairman of AGC Charities and president of Sierra Pacific West, Inc. “Their hard work and generosity reflect…
AGC is pleased to announce the appointment of new members to serve on its Environmental Forum Steering Committee. Members of the steering committee have direct access to federal regulatory officials, influence over AGC’s environmental agenda, and a means to exchange valuable information with one another and industry peers. Join us in welcoming the new members. New members: Existing members: About the Steering Committee The steering committee oversees AGC’s Environmental Forum that includes all of the AGC members and chapter professionals who (1) subscribe to AGC’s Environmental Observer newsletter on environmental issues and (2) have expressed a specific interest in those issues. Forum members also…
Granger Construction Company Wins the Build America Grand Award as Well as Top Prize for the Best Construction Management Renovation Project Under $99 Million GRAPEVINE – Michigan State University’s STEM Teaching and Learning Facility was the most significant construction project of 2021, the Associated General Contractors of America announced today. As a result, the project’s contractor, Granger Construction Company, received the association’s top prize, Construction Risk Partners Build America Grand Award, as well as the award for the best construction management renovation project under $99 million. “Completing a project like this requires a special combination of skill, tenacity, innovation and…
AGC Charities Inc.’s Annual Operation Opening Doors Project Involved Renovating Three Cedar Crest Homes Belonging to Elderly, Disabled Residents in Support of Rebuilding Together North Texas DALLAS, TEXAS. – AGC Charities Inc. and Plano-based Hilti North America and Hill & Wilkinson teamed up to lead dozens of volunteers to make repairs today to three South Dallas homes in partnership with Rebuilding Together North Texas. The volunteer workday at the three Cedar Crest homes is a part of the AGC Charities’ annual Operation Opening Doors project. “Contractors understand they are only as successful as their communities are strong,” said Thomas Brown,…