Union painters in New York City finalized a collective bargaining agreement on May 3 that makes several wage, benefit and work-rule concessions to employers, a result contractor groups hope will set a pattern for other city pacts now being negotiated. The Association of Master Painters of New York Inc., District Council No. 9 of the International Union of Painters and Allied Trades, and AFL-CIO ratified the new contract after 10 weeks of bargaining. The four-year contract includes a wage freeze in the first year and wage hikes totaling $4.50 in the second, third and fourth years, averaging about 2% a
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.