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Construction Labor Cost Rise Moves ahead of Materials in Latest Quarter
According to the latest measurements of construction costs calculated by RSMeans, the rise in U.S. labor rates (+2.3%) quarter to quarter in July 2007 (i.e., versus April 2007) was a little higher than it was for material inputs (+2.0%). During the latest construction cycle, material costs have almost always increased faster than the installation or labor component. The latest result suggests that contractors will have to pay more attention to labor markets in the period ahead.
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Favorite Book 2007
The Toyota Way is my favorite book for 2007. It had so many good ideas that I could not keep up and ended up reading it again and even buying the Field Book to go along with it.
Download Elegant Solutions from Change This which provides some highlights of the Toyota Production System. Too many ideas that are applicable to contractors to even count!
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