Under an agreement with California-based Precon Products, Foley Products Company LLC of Newnan, Ga. has been assigned patents and trademarks for the StormPrism precast concrete structure in Canada and all U.S. markets excepting California. StormPrism installations are engineered to store large volumes of stormwater runoff underground and promoted for their ease of installation, access and maintenance. The system joins value-added…
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Report tallies subcontractors’ steep unplanned material, labor cost burden
A survey of nearly 900 commercial construction professionals concludes that subcontractors continued to bear the brunt of rising input costs for materials and labor in 2022—to the tune of $97 billion in unplanned expenses. Summarizing survey findings in the 2023 National Subcontractor Market Report, Austin, Texas material and labor financing solutions provider Billd notes that rising costs and price volatility…
Read MoreReport: Subcontractors incur nearly $100B in unplanned material, labor costs
Sources: Billd, Austin, Texas A survey of nearly 900 commercial construction professionals concludes that subcontractors continued to bear the brunt of rising input costs for materials and labor in 2022—to the tune of $97 billion in unplanned expenses. Summarizing survey findings in the 2023 National Subcontractor Market Report, material and labor financing solutions provider Billd notes that rising costs and…
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