By Rebekah Morris | AZBEX
We’ve all read the headlines about what the construction labor shortage is doing to the industry. From blanket statements of doom and gloom to more moderate projections and cautionary visions of price increases and schedule delays, it’s hard to tell what the real impact is to local projects. Some of the largest public owners and general contractors were kind enough to provide their thoughts on the matter.
Market Sector Activity Levels are Steady, Will Rise with Funding
From ADOT to City of Phoenix and MCDOT, from contractors of various sizes, the infrastructure sector is busy and activity levels will only increase as funding for infrastructure projects increases
Kini Knudson, City Engineer with the City of Phoenix states: “The City of Phoenix’s 5-Year CIP is in a great place. Although it has not recovered to the pre-recession levels ($7.0B – FY2007-2012), it has increased nearly $1.4B over the past two years (budget cycles). It remained steady last year, but the recently approved $4.6B 5-year CIP for FY2017-2022 represents an increase of $1.1B over the previous year.