This week’s Construction Financial Manager Review features a selection of interesting articles from across the industry this week.
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Key articles from across the web on a variety of topics about the construction industry
Labor Shortage in Construction:
- Trump Wants to Build a Wall. Finding Workers Won’t Be Easy via Bloomberg
Oh the irony! What if the only way that the border wall with Mexico can be built – the same border wall that President Trump says will keep undocumented people out of the country – is to use labor supplied by…wait for it...undocumented workers! With unemployment in the construction industry at just 4.5%, the lowest it’s been in a decade, workers are scarce and wages are rising. Trump “is going to have a very hard time” building the wall with legal workers, according to a Houston-based industry source.
- Construction Employment in January 2017 Reaches Highest Level Since 2008; Contractors Raise Pay via AGC of America
Big, big numbers all around. Construction employment increased by 36,000 jobs in January to a total of 6.8 million workers. Hourly wages in construction are rising faster than for all other private sector workers. A recent survey shows that 73% of participating contractors are planning to add to their headcounts in 2017. The same percentage also reported trouble filling hourly or salaried positions. And this: end-of-month job openings in construction are at 17-year highs. Wow!
Infrastructure is Getting Interesting:
- President Trump’s Infrastructure Plans Probably Involve More Tolls via The Economist
Using a P3 structure to finance a big road project might cost the US taxpayers less, but it probably means more tolls for the drivers that use that road.
- High-Speed Rail, Water Tunnels on List of California’s Infrastructure Priorities via The OCRegister
Everybody’s getting in on the, “Let’s release a list of all the big infrastructure projects we want,” including California, which just released their $100 billion infrastructure wish list.
Related: Trump Administration’s List of 50 Priority Infrastructure Projects | zlien
Free Resource for Credit Managers:
Payment, Credit, and Lien Rights
More construction industry content, but more about specific issues around payment, credit, and lien law updates
P3 for You and Me:
- Potential Louisiana P3 Project Would Widen I-10 in Baton Rouge via zlien’s Lien Law News
Everybody’s doing it! Louisiana is now one of 37 other states that have provided for P3 projects in some form or fashion. In this article, zlien‘s own legal intern nonpareil, Matt Viator, takes a closer look at some of the legal issues surrounding P3 projects.
Further reading: Infographic – 37 States Enable P3s as of January 2017
I’ll Have the Mechanics Lien Special:
- Mechanics Liens Filed on One of Country’s Most Anticipated Restaurants via zlien’s Lien Law News
Ingredients driven, farm fresh ingredients, impressive wine list….and a mechanics lien? Apparently so. Read on to see more about Single Thread Farms in Healdsburg, California.
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The Office Manager’s Guide to Mastering Lien Rights:
zlien is a technology company after all! News and other tidbits about the fast-growing construction technology space
The Weather Report:
- Weather Alert Systems in Construction via GenieBelt
Are ‘Weather Alert Systems’ a nice-to-have thing, or a need-to-have thing?
New Tech, Not the Same as the Old Tech:
- Funding New Tech Podcast via CONEXPO – CON/AGG Radio
Smarter, safer jobsites; aggregates of the future; data at the jobsite. LOTS more interesting stuff to listen to at CONEXPO – CON/AGG Radio.