Dodge, Procore report: Concrete contractors lag trades in profitability

Sources: Procore Technologies, Inc., Carpinteria, Calif.; Dodge Construction Network, Hamilton, N.J.; CP staff 2022 Top Business Issues for Specialty Contractors finds concrete contractors trail their steel, electrical, mechanical, and plumbing counterparts in financial performance. Published by Dodge Construction Network and construction management software developer Procore Technologies, the report highlights key issues impacting leading trades: profitability, workforce management and technology adoption. …

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Contractors’ annual workforce development outlays surpass $1.5 billion

Associated Builders and Contractors member contractors invested $1.6 billion to provide more than 1.3 million course attendees with craft, leadership and safety education in 2021, up from $1.3 billion in 2020. The group’s 2022 Workforce Development Survey quantifies the scope of member initiatives to advance their employees’ commercial and industrial construction careers. Safety education accounted for the greatest share, or…

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