New Report Explores Architect, Contractor Relationship

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A study published today by the American Institute of Architects, in partnership with the Associated General Contractors of America, sheds new light on the relationship of architects and contractors and the needs of both professions. The fifth edition of The Architect’s Journey to Specification focuses on improving the working relationship between architects and contractors and explores how the parties align, differ and depend on each other. Highlights from the report include: A majority of architects and contractors want to work more collaboratively for the benefit of all. Successful relationships benefit from mutual understandings and alignment about client advocacy and the … Read more

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How Labor Shortages & Market Volatility are Impacting Subcontractors

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Billd has released the second annual National Subcontractor Market Report. Last year’s report honed in on the financial reality of subcontractors. Despite having just emerged from a pandemic, last year’s market conditions were perceptibly calmer. This year told a different story. A volatile market threw construction businesses for a loop. Labor shortages became a reality in the industry. Conducted in February, the report investigates how the market changed, the impact of these changes on subcontractors and the attitude they’ve adopted in dealing with them. 767 construction professionals in a variety of trades took the survey from which Billd built this … Read more

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Merger and Acquisition Activity Continues into Early 2022

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Capstone Partners released its April construction services sector update, reporting that surging demand has manifested in heightened construction spending through early 2022, despite elevated input costs and supply chain disruptions. Input cost inflation and production constraints have challenged the sector since the onset of the pandemic, with contractors and professional services providers keenly monitoring profitability and optimizing efficiencies. Public companies in the sector have largely been successful in maintaining margin strength. Merger and acquisition activity in the construction services sector has continued its torrid pace, with 128 transactions announced or completed—surpassing the year-to-date total in 2021 which saw a blistering … Read more

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ABC Members Invest $1.6 Billion in Construction Education

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Associated Builders and Contractors member contractors invested $1.6 billion to provide more than 1.3 million course attendees with craft, leadership and safety education in 2021, according to its 2022 Workforce Development Survey, up from $1.3 billion in 2020. The annual assessment quantifies the scope of ABC members’ workforce development initiatives to advance its employees’ careers in commercial and industrial construction to build the places where Americans live, work, learn, heal and play. Safety education accounted for the greatest share, 56%, of total workforce investment. Investment in craft education increased significantly to 34% of the total in 2021, up from 22% … Read more

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S. M. Wilson & Co. Promotes Jeremy Hutfles to Assistant Superintendent

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S. M. Wilson has promoted Jeremy Hutfles to assistant superintendent. In his new role, Hutfles coordinates and manages all day-to-day onsite operations, coordinates with subcontractors and suppliers, and communicates with owners and architects. Hutfles is working on the University of Missouri St. Louis College of Nursing project. He will be onsite during the entire construction phase. Hutfles joined S. M. Wilson last year and has over 17 years of experience in construction. Most recently, he was assigned to the Target remodel in Jefferson City, Missouri. He is OSHA certified in 30-Hour Construction Safety and Health for Construction Industry.  

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