4 Tips to Navigating Challenges in Long Lead Times

By Tom Rossi Labor shortages. Escalating costs. Supply chain delays. The issues that once caught construction teams off guard are now part of the planning and preconstruction process. Companies have not only been forced to do more with less, but they have also had to do it without sacrificing cost or schedule — and the field is where many teams feel the biggest impacts. While navigating the continued challenges of lead times for materials requires a complex approach, it’s the simple principles — combined with technology — proving successful for project teams in today’s environment. The following are four tips … Read more

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Wages Increasing for Skilled Labor in Construction Industry

Turner Construction Company announced the Third Quarter 2022 Turner Building Cost Index — which measures costs in the nonresidential building construction market in the United States — had increased to the value of 1311. This represents a 2.18% quarterly increase from second quarter 2022 and an 8.62% yearly increase from third quarter 2021. “We are experiencing a robust market with numerous mega-jobs. A shortage of skilled labor continues to lead contractors to be more selective in the projects they pursue. Wages are increasing to attract more labor into the industry and to incentivize skilled labor to travel to meet project … Read more

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