Construction Contractors Warn of Labor Shortage as Building Booms

Subscribe to our blog --> Click Here

construction booms in Chicago

Chicago -- A construction boom in Chicago has brought up concerns about the lack of skilled workers to complete the work.

The construction workforce dropped during the recession, leaving only 75% of the pre-recession workforce.  However, project demand is now booming.

"We're out of balance," said Tom Fioretti, east region lead for project and development services at Cushman and Wakefield, where he represents commercial and office tenants.

To lock in skilled craftspeople, contractors are filling job roles months before they used to.  They are also adding extra bonuses such as overtime pay.  They're advising clients to speed up or postpone jobs to avoid labor crunches. 

"Until the demand comes down or we get more labor, we will see higher prices and longer construction schedules," said Fioretti.

Continue reading here. 

You Might Also Like...

Apr 5, 2016 ... Chicago, IL -- A worker was killed and three were injured when a 45-ton beam fell during a construction project on the Jane Addams Memorial ...
May 3, 2016 ... Mayor Rahm Emanuel announced that construction will begin this summer on the tower that was designed by Chicago native Jeanne Gang.
Oct 6, 2015 ... Chicago, IL -- Permit data shows that construction in Chicago is booming. All over the city, you can find F.E. Moran trucks parked as HVAC and ...