Project Management

Get smart about your GC

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Need for talent goes up, but gaps remain Adding to this complexity is the fact that the number of GC firms across the board is declining. When the recession hit ten years ago, construction volumes plummeted causing many GC firms to scale back with some even closing their doors. As the economy bounced back and projects of large scale hit the market, one might think the GC labor force would bounce back with it. Similar to what we've seen with trends in construction labor, its workforce remains 16% smaller than historic averages and young talent is increasingly hard to find, not just from a technician standpoint, but from a manager standpoint as well. This is partly due to the fact that the up-and-coming talent pools are looking at professions outside of the construction industry. Some grew up in the family construction business and witnessed their family's business fluctuate with the economy and have decided to pursue other opportunities. In fact, according to JLL PDS Research, the two-year trade school enrollment for the construction and engineering fields has remained at a flat line over the last ten years. While this isn't a decrease in enrollment, it's concerning because the demand for construction and engineer-trained professionals is up and only continues to grow. (and strategic) about your general contractor Get smart! General contractors (GCs) are undeniably important players when it comes to managing major construction projects. In many ways, they have the greatest impact on the success or failure of your project since they are the ones ultimately responsible for getting the job done. With so much at stake, it's critical you choose the right GC for your project – but that can be easier said than done. Just as projects vary, GC firms vary as well and it can be difficult discerning the right one for your needs. While local and regional GC firms tend to provide more personal and immediate attention, larger national GC firms are oen times able to provide more significant pricing advantages the larger the project size.

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