12 Cost Trends You Need to Know

The construction industry continues to be very busy with strong demand for construction services. Some regions are experiencing difficulty finding qualified subcontractors to take on additional projects, when they are near their full capacity. In some cases, project costs are increasing because contractors are finding it necessary to offer premium pay and incentives to attract skilled workers to staff their projects. In other cases, contractors are unable to provide enough manpower, because their workers are being hired away by competition, which is causing some projects to fall behind schedule. 

To get additional data and analysis about the tight labor market and 11 other factors affecting your upcoming projects, check out the Spring 2019 issue of Cost Trends from Hixson.

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