2017 presents great opportunities and equally great challenges for general contractors. The promise of a $1 trillion investment in infrastructure by the new administration gives hope of a decade-long boost to the entire industry. Aside from President Trump’s infrastructure plan, Dodge Data and Analytics is forecasting a 5 percent year-over-year growth — a moderate but positive outlook.
With spring and the building season on the horizon, savvy general contractors are working now to make the most of every opportunity. But even established GCs will have to overcome some tall obstacles to be successful. Here’s a quick look at the top 5 challenges for general contractors in 2017.
The lack of skilled labor has been a significant issue for the last few years. The industry is trying to bring new talent to construction by increasing wages across the board. The average pay rate in construction increased by 3.2 [Read more…] about Top 5 Challenges for General Contractors in 2017