The Weekly Dirt
August 1, 2011
In This Issue
Transportation Meeting - Sullivan Road Bridge
Congressional Failure to Pass Federal Aviation Law Is Putting 70,000 Construction and Related Jobs at Risk, Economist Says
Join AGC Economist Ken Simonson in his Upcoming Webinar, Construction Costs: Things Are Looking up - but for Whom?
Upcoming Events
Bookstore Featured Product - Federal Government Construction Contracts - 2nd Edition
Transportation Meeting - Sullivan Road Bridge

The Chamber Transportation Committee and the Good Roads Association have scheduled a joint meeting for August 4th at the Longhorn Barbecue at N. 2315 N. Argonne in their banquet room from 12 to 1:30.

 

The program will be on the Sullivan Bridge.  Steve Worley from the City of Spokane Valley will provide the program.  He will provide some of the background behind the decision to place a weight restriction on the structure.  We will also discuss possible solutions and timelines.

 

We hope to have a large attendance from all our members that must use the Sullivan Bridge and are impacted by the weight restriction.  Additionally, elected officials from the City of Spokane Valley have been invited to participate.

 

Your menu choices will be the salad bar for $7.95 or the full buffet for $11.95.

 

Please RSVP to the chamber at 924-4994 or to Joe Tortorelli at Good Roads at 926-9356.


 

 

 

 

 

 

 

 

 

 

 

Congressional Failure to Pass Federal Aviation Law Is Putting 70,000 Construction and Related Jobs at Risk, Economist Says

Political Gridlock Forces Halt to $2.5 Billion Worth of Airport Construction Projects, Consequences for Already Hard Hit Industry will be "Devastating," Officials Warn

Congressional failure to pass federal aviation legislation is putting roughly 70,000 construction and related jobs at risk by forcing a halt to $2.5 billion worth of airport construction projects, a top construction economist announced today. The halt of so many airport projects will have economically "devastating" impacts on the industry, the economist warned.

 

"With so few other construction segments doing well, halting an entire category of federally-funded construction--airport projects--is exceptionally devastating economically for this industry," said Ken Simonson, chief economist for the Associated General Contractors of America. "Tens of thousands of construction workers shouldn't have to suffer because Congress hasn't figured out a way to work out its differences."

 

According to an analysis conducted for the association by Professor Stephen Fuller of George Mason University, the halting of $2.5 billion in construction projects puts approximately 24,000 more construction workers out of work. Another 11,000 workers in related service and supply businesses are also affected. Additionally, as many as 35,000 jobs will be undermined in the broader economy, from the lunch wagon near the job site to the truck dealership across town.

 

Read more here.

 

 

 

 

 

 

 

 

 

 

 

Join AGC Economist Ken Simonson in his Upcoming Webinar, Construction Costs: Things Are Looking up-but for Whom?

Wednesday, August 3, 2011 | 11:00 am - 12:30 pm | Online or at the AGC

Contractors keep getting sideswiped by rising materials prices. Early this year, diesel, steel and copper prices all soared. Recently, plastics, asphalt and gypsum costs have jumped. Meanwhile, contractors have largely held the line on bid prices. What will be next to climb? What might back down?

On August 3, 2011, join hosts Ken Simonson, John Cross of the American Institute of Steel Construction, and Jason Schenklerof Prestige Economics, LLC to  find out where they think prices are headed, what to watch for, and why.

These three forecasters will walk you through how to understand how global political, economic and market changes affect raw materials for construction and learn about the connections between commodities and prices of construction products. Also, they will explain to you, how the current economic state of the construction industry affects materials costs in varying degrees and gain valuable knowledge to be able to identify future trends and danger signs for the construction industry and the implications for materials prices.
 
 
Two options to participate:

Webinar

Cost: $99 for AGC members

Click here to register for the online webinar.

 

At the Inland Northwest AGC

The AGC will be hosting this webinar in our Boardroom for anyone that would like to participate.

Cost: $15/person, lunch included.

To register for this option, email Cheryl Stewart.

 

 

 

 

 

 

 

 

 

The Weekly Dirt
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Inland Northwest AGC
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