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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MCA Releases 2021 Annual Report

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The Metal Construction Association has released its 2021 annual report. The report includes chapters detailing the demand for metal construction, best practices and industry standards, and the work of the association’s alliances, committees and councils.  All are working to strengthen the awareness, use and safety standards of the metal construction industry. MCA’s vast range of programs, resources and services are detailed in the report. The report is available at metalconstruction.org/2021-annual-report.

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Gilbane, City of Orlando Celebrate Grand Avenue Neighborhood Center Opening

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Gilbane Building Company has completed the renovation and expansion of the new Grand Avenue Neighborhood Center for the City of Orlando, Florida. Gilbane partnered with Borrelli + Partners and JCB Construction to provide Design-Build services to expand and renovate an existing 1926 Mediterranean revival architecture building that originally served the community as a school. In 1995, the building was designated as a historic landmark. The facility has been repurposed as a neighborhood community center and houses the services provided by the city’s downtown recreation complex.The project includes 22,500 square feet of historic building renovations and 34,600 square feet of new … Read more

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