News – Page 16 – Central Electric Inspection Bureau

Inflationary Davis-Bacon Prevailing Wages Cost Taxpayers More for Public Works Projects

by Donna Reichle

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WASHINGTON, May 16—The flawed method used by the federal government to calculate “prevailing wages” under the 91-year-old Davis-Bacon Act adds at least 7.2% to the cost of federal and federally assisted construction projects and inflates wages by 20.2% compared to local market averages, according to a new report from the Beacon Hill Institute. Associated Builders and Contractors has called on the U.S. Department of Labor to modernize its wage determination process for decades, but a proposed rule the agency released on March 18 actually makes this archaic and unscientific process even more inaccurate, inflationary and biased.

Inflationary Davis-Bacon Prevailing Wages Cost Taxpayers More for Public Works Projects

16May

by Donna Reichle

0

WASHINGTON, May 16—The flawed method used by the federal government to calculate “prevailing wages” under the 91-year-old Davis-Bacon Act adds at least 7.2% to the cost of federal and federally assisted construction projects and inflates wages by 20.2% compared to local market averages, according to a new report from the Beacon Hill Institute. Associated Builders and Contractors has called on the U.S. Department of Labor to modernize its wage determination process for decades, but a proposed rule the agency released on March 18 actually makes this archaic and unscientific process even more inaccurate, inflationary and biased.

Monthly Construction Input Prices Increase in April, Says ABC

12May

by Erika Walter

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WASHINGTON, May 12—Construction input prices increased 0.8% in April compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data released today. Nonresidential construction input prices rose 0.9% for the month.

ABC’s Construction Backlog Up in April; Contractor Confidence Down

10May

by Erika Walter

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WASHINGTON, May 10—Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.8 months in April, according to an ABC member survey conducted from April 20 to May 4. The reading is up 0.9 months from April 2021.

ABC’s Construction Backlog Up in April; Contractor Confidence Down

10May

by Erika Walter

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WASHINGTON, May 10—Associated Builders and Contractors reported today that its Construction Backlog Indicator increased to 8.8 months in April, according to an ABC member survey conducted from April 20 to May 4. The reading is up 0.9 months from April 2021.

Nonresidential Construction Employment Dips in April, Says ABC

06May

by Erika Walter

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WASHINGTON, May 6—The construction industry added 2,000 jobs on net in April, but nonresidential construction employment decreased by 2,000 positions, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has expanded by 235,000 jobs, an increase of 3.2%.

ABC: Members Invested $1.6 Billion in Construction Workforce Education to Upskill 1.3 Million in 2021

04May

by Erika Walter

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WASHINGTON, May 4—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 their employees’ careers in commercial and industrial construction to build the places where Americans live, work, learn, heal and play.

Construction Job Openings Increased in March; Demand for Labor Remains Strong, Says ABC

03May

by Erika Walter

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WASHINGTON, May 3—The construction industry had 396,000 job openings in March 2022, according to an Associated Builders and Contractors analysis of data released today by the U.S. Bureau of Labor Statistics. Industry job openings increased by 13,000 in March and are up 60,000 from the same time last year.

Nonresidential Construction Spending Down 1% in March; Recession Could Be Around the Corner, Says ABC

02May

by Erika Walter

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WASHINGTON, May 2—National nonresidential construction spending was down 0.8% in March, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau. On a seasonally adjusted annualized basis, nonresidential spending totaled $839.2 billion for the month.

ABC 2022 Safety Performance Report: Top-Performing STEP Members Are Six Times Safer Than Industry Average

29Apr

by Erika Walter

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WASHINGTON, April 29—Associated Builders and Contractors today unveiled its 2022 Safety Performance Report, an annual, comprehensive study of the impact of the STEP Safety Management System and guide to safety best practices on construction jobsites. STEP is a proven system, more than 30 years old, that enables top-performing members to achieve incident rates 645% safer than the U.S. Bureau of Labor Statistics construction industry average. The annual study is published to coincide with Construction Safety Week, May 2-6.