The Construction Users Roundtable will be helping the industry forecast labor supply and demand with a Web-based data-collection and forecasting tool. Owners and contractors who enter data will be able to run forecasts at no charge. The tool is a result of an initiative, commissioned by CURT, and managed by the non-profit Construction Workforce Development Center. About 50 owners have been using the database and inputting demand-side project data since February. The supply side of the model launched in mid-June, and 27 contractors have input craft labor availability data, according to CURT’s workforce consultant, Daniel Groves. The model is available
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.