Construction Outlook 2022
Contractors are far more upbeat about this year than they were at the start of 2021 — though tough challenges still exist.
AGC experts, contractors and vendors, on a January webinar and in interviews with Constructor, share their insights on the opportunities as well as challenges for 2022.
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AGC-Backed Bill to Extend Employee Retention Tax Credit Introduced in Senate
On February 10, Senators Maggie Hassan (D-N.H.), Tim Scott (R-S.C.), Mark Warner (D-Va.), Shelly Moore Capito (R-W.Va.), and Ben Cardin (D-Md.) introduced AGC-supported legislation to extend the employee retention tax credit (ERTC) through the end of 2021. The Senate bill mirrors AGC-supported legislation introduced in the House of Representatives last month by Reps. Carol Miller (R-W.Va.) and Stephanie Murphy (D-Fla.).
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AGC Construction Inflation Alert
Two years after the coronavirus pandemic struck, the U.S. construction industry is still experiencing multiple impacts. Unprecedented increases in materials costs, supply-chain disruptions, and an increasingly tight labor market have made life difficult for contractors and project owners alike.
Although the overall economy posted exceptionally strong growth in 2021 and appears to be headed for further expansion, the construction industry has experienced a much more uneven recovery.
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