Petty and Associates | Industry “Buzz”
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INDUSTRY “BUZZ”

Construction Employment Reaches Highest Level Since 2008; Contractors Raise Pay Faster Than Other Sectors in Effort to Fill Openings

AGC of America, February 2017

Construction employment increased by 36,000 jobs in January to the highest level since November 2008 as employers increased pay in an effort to address a chronic worker shortage, according to an analysis of new government data by the Associated General Contractors of America.  The association urged public officials to strengthen training and education programs to prepare more workers for careers in the high-paying construction field.

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6 Construction Tech Changes to Watch in 2017

The B1M, published February 2017.

Technology is fast-changing the world we live in and construction is by no means immune to that. Recent advancements have seen many tech innovations that started out as novelties or gimmicks quickly find their way to practical applications in the built environment sector. Here we look at six key areas to keep your eyes on in 2017.

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Why Large Contractors Fail – A Fresh Perspective

FMI, Hugh Rice and Ryan Howsam, June 2016

During the past few decades, there have been dozens of large contractors that, after many years of growth and apparent prosperity, experienced notable financial disasters, resulting in bankruptcy or a reincarnation of the business in a much different form. Most recently, firms like the Truland Group have proven that construction firms are not too big to fail, even though they have operated successfully for generations with annual revenues ranging from hundreds of millions to several billions of dollars.

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