While BIM was gaining traction within the industry, the global economic recession was wreaking havoc, leading to significant declines in production and profit margins. Today, economics are slowly rebounding and construction spending is increasing, but the fallout from the recession lingers. Competition is greater than ever and all of the players in the building supply chain, from architects and engineers to general contractors and fabricators, are under pressure to deliver their projects faster and with smaller budgets.
Check out Staying Competitive: Can you Survive without BIM? eBook by Autodesk to learn more about BIM and how your competitors are stacking up on the BIM scale.
Check out the McGraw Hill SmartMarket Report released earlier this year, The Business Value of BIM in North America.
According to an analysis from AGC Economist Ken Simonson, Colorado construction employment grew 5.4% in the past 12 months. The actual numbers were 126,800 employees in June 2013 and 133,600 employees in June, 2014. So employers were able to attract a net of 6,800 new employees to the market. However, we know that increasing demand can affect labor rates and start dates for specific projects.
The AGC conducts a salary & wage survey each fall to help AGC members plan for labor rates and annual reviews. The data you and other AGC members provide is your lifeline to Colorado specific salary and wage info. We know that the next 6,800 employees are going to be harder to recruit. So AGC and CCA are launching a new labor recruitment website in August. www.buildcolorado.com will be a place that you can post available positions being advertised to 18-30 year olds around the region. Look for more information next week.
AGC is also the coordinating entity, along with CCA, for Colorado Construction Career Days. This event keeps our industry in front of the next generation. Please support this year’s event on September 24 at the Adams County Fairgrounds. Go towww.coloradoconstructioncareerdays.com for more info, to sponsor, and to volunteer as a group chaperone or activity booth.