B.C. construction labor shortage good for workers
A shortage of construction workers in British Columbia is increasing wages and impeding contractors’ ability to take on new projects.
A shortage of construction workers in British Columbia is increasing wages and impeding contractors’ ability to take on new projects.
The annual Ontario Construction Secretariat Survey found Ontario contractors are hopeful about the upcoming year and expect business growth.
Contractors’ profits are often thin. Avoiding activity lags, using local suppliers, avoiding scope creep, and using tech can help contractors boost profits.
COVID-19 impacts on the supply chain brought volatile materials costs not easily absorbed by contractors or owners. Price escalation clauses can protect both.