College - Author 1
College of Architecture and Environmental Design
Department - Author 1
Construction Management Department
Degree Name - Author 1
BS in Construction Management
Date
3-2023
Primary Advisor/Subject Matter Expert (SME)
Phil Barlow, College of Architecture and Environmental Design, Construction Management Department
Abstract/Summary
Recent rises in inflation have impacted global business. The construction industry in particular has experienced a decrease in already slim margins due to a plethora of factors. Employers have had difficulty affording increased labor rates to accommodate higher costs of living, ultimately leading to a labor shortage in many areas. Supply chain issues are a product of this labor shortage, but also a myriad of other inflation related issues like the price of gas and global trade agreements. This has led to dramatically increased lead times and has posed major supply chain management issues for project management teams. Construction professionals, whether they are general or subcontractors, must address these issues if their company is to remain profitable. In this study, three commercial general contractors and three commercial subcontractors from Las Vegas have been interviewed to examine how their target markets have been impacted by inflation and their implemented techniques to mitigate those challenges. Each interview was conducted in semi-structured fashion with each question addressed throughout the session. The results (degree of depth in technique) from each interview demonstrate an overall objective success as each company has maintained profitable margins and balanced employee retainment.
URL: https://digitalcommons.calpoly.edu/cmsp/652
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