Is your organization prepared for the year ahead? Take a critical look at the construction risk landscape in this interactive report.
What inspired this report?
We believe that the entire construction industry benefits when we work together. That’s why we created this report: to share valuable insights with general contractors and owners across the nation, helping everyone make smarter decisions about risk.
Subcontractor default claims are on the rise—both in size and frequency. The market has responded by increasing the number of SDI products available to general contractors and owners.
Job Growth by State
Our analysis uncovered a significant difference between national and local trends. Here’s an example: while the U.S. is primed for job growth, many states are challenged by labor shortages. So, which states will experience job growth in 2020?
After a 10.8% rise in construction managers over the past two years, Arizona will continue to see the most growth for this role in 2020.
California averages 6,070 openings for electricians annually, but in 2020, the state is only expected to grow by 3,700 electricians (5.2%).
Florida’s number of estimators is projected to grow by 1,400 (9.2%) in 2020, which will not be enough to cover the 2,240 vacancies averaged annually.
See your state’s risk score.
Uncover the biggest risks impacting your state in 2020.
Enter the main state you work in
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1. How are the state and regional scores determined?
When conducting our analysis, we looked at several key indicators, such as labor force projections, construction spending trends, and annual incident reports. For many indicators, we manipulated the raw data to represent a comparable metric across all 50 states. We then ranked the 50 states and assigned points based on their position. These points were added up to represent total scores for preconstruction and site construction.