Nearly all contractors in the U.S. and Canada (98 percent) have had projects with serious quality issues in the last three years, such as errors, omissions and rework, according to the latest study released by Dodge Construction Network.
Construction starts are once again increasing after a slowdown in the fourth quarter of 2021. But labor shortages continue, and after a brief decline, materials prices are again climbing, caused partially by the war in Ukraine.
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Prices for goods and services used in construction costs climbed 6.2 percent over the past year, intensifying a cost squeeze on contractors grappling with widespread labor shortages