ENR’s recent story on the new labor-management accord in New York City to cut building costs and boost work revives memories of the founding of PRIDE of St. Louis Inc., 37 years ago. Like New York now, St. Louis then had a construction industry in crisis. Labor-management disputes were disrupting building projects and development dollars were fleeing town. PRIDE, an acronym for Productivity and Responsibility Increase Development and Employment, became a forum to unite labor and management. We, too, eliminated outdated work rules, more than 300 of them. Prefabricated plumbing was allowed to expedite on-site assembly. Non-competitive overtime rates were
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.