Steep inflation has exacerbated what was already a volatile market for construction materials, complicating specialty contractors’ efforts to navigate the post-pandemic environment.
Despite recent forecasts by many economists who predict that 2022 will be a robust year for construction, underlying difficulties persist in the form of labor shortages, supply-chain disruptions and the uncertain effects of ongoing inflation.
Legislation passed June 2 and set to be signed into law by Gov. Andrew Cuomo, limits to three years contractor liabilty for a subcontractor not paying wages.
The Chicago Regional Council of Carpenters was awarded its largest-ever backpay award by the Illinois Department of Labor in ruling that a developer and two subcontractors must pay $1.1 million for violating prevailing wage law on a senior housing project in Northbrook, Ill.