Grant applications to reduce diesel emissions due Dec. 1st
November 6-8 at the Hyatt Regency Atlanta
According to the latest Contractor Compensation Quarterly (CCQ) published by PAS, Inc., Open Shop contractors anticipate skilled craft hourly wage increases of 4.45% in 2023 (4.30% excluding zeros). Actual increases for 2022 were 5.02% (including zeros) and 5.10% (excluding zeros). These increases are across the board for all craft, contractor types, sizes, and regions of the country. WorldatWork reports 2023 actual construction increases at 4.4%. Historically, projected numbers are slightly lower than the actual year end figure.
Tuesday, November 14, 2023 | 2:00 PM 鈥 3:00 PM (ET)
The U.S. Department of Labor鈥檚 massive final rule 鈥淯pdating the Davis-Bacon and Related Acts Regulations鈥 takes effect on all new contracts awarded on and after October 23, with limited exceptions.
12 Additional Federally Funded Projects Designated
Congressman Emanuel Cleaver speaks at the new Kansas City Current Stadium project on the first day of Construction Inclusion Week 2023
In its latest Settlements Report, the 蜜桔直播-supported Construction Labor Research Council (CLRC) advises that construction-industry collective bargaining agreements settled from January through September of 2023 provide an average 4.6 percent increase in the first contract year. The CLRC notes that the multi-year settlements are now seeing the full effects of the surge in inflation. Because most unions will have negotiated new rates by the end of 2025, the CLRC projects that the steep growth in increases will slow. Measured by dollar value, the first-year increases during the first part of 2023 was $2.97, a substantial $1.32 jump from 2020. The CLRC projects first-year increases to average $3.40 in 2025. Regionally every region except New England has seen increases and nearly every craft has seen increases, some with notable increases.
State construction laws and case law interpreting those laws dramatically impact your contract and, thereby, your risk profile on a project. Before you sign or bid on your next construction contract, it is wise to have a system to navigate these laws. ConsensusDocs is presenting a webinar on November 9th (Register here), providing a systematic approach to navigating critical construction laws and the latest trends. Specific laws covered will include hot-button state construction laws, such as pay-if-paid, indemnification, prompt pay, and notice requirements.