Most contractors confirm schedules are impacted by severe weather — but few contractors account for weather events in project bids or put in place weather risk management plans!
“The USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) is a quarterly economic index designed to gauge the outlook for, and resulting confidence in, the commercial construction industry. Recognizing a need to highlight the important contributions of this sector to the nation’s economy, USG Corporation and the U.S. Chamber partnered to produce this first-of-its-kind index. Each quarter, contractors across the country are surveyed in order to better understand their levels of confidence in the industry and top-of-mind concerns” — such as weather risk.
75% of contractors experienced schedule delays due to adverse weather and weather events
As a part of USG + U.S. Chamber of Commerce Commercial Construction Index, the CCI 2019 Q3 Infographic focuses on risk and resiliency in the construction industry. 75% of the general contractors (GCs) and construction managers (CMs) surveyed experienced schedule delays due to adverse weather and weather events. Further, the CCI Index highlights how the leading contractors are motivated to learn more about weather risk and weather resilience in order to gain a competitive advantage, win more work, and build better projects.
Top 5 reasons to improve weather risk strategies and weather resilience programs
Weather-enabled decision support solutions are mission critical for successful weather risk management — unlike generic weather forecasts and free weather apps, which are fair for a general sense of weather — but without great need for accuracy. Based on the responses to the USG + U.S. Chamber of Commerce Commercial Construction Index (CCI) survey, drivers for general contractors, construction managers, specialty contractors and trade contractors to improve weather risk strategies and weather resilience programs include the following:
- Competitive Advantage of Demonstrating Expertise on Resilience
- More Work with Existing Clients
- Build Better Projects
- Ability to Charge More
- Improved Client Relations
© 2019 The U.S. Chamber of Commerce. All rights reserved.
(Source: “USG + U.S. Chamber of Commerce Commercial Construction Index – 2019 Q3.” U.S. Chamber of Commerce, U.S. Chamber of Commerce, 17 Sept. 2019, www.uschamber.com/report/usg-us-chamber-of-commerce-commercial-construction-index-2019-q3.)
The USG Corporation + U.S. Chamber of Commerce Commercial Construction Index is a quarterly economic index designed to gauge the outlook for, and resulting confidence in, the commercial construction industry. USG Corporation and the U.S. Chamber produce this Index, along with Dodge Data & Analytics (DD&A). Each quarter, researchers from DD&A source responses from their Contractor Panel of more than 2,700 commercial construction decision-makers in order to better understand their levels of confidence in the industry and other key trends. This panel allows DD&A to provide findings that are representative of the entire U.S. construction industry by geography, size, and type of company. Click here to see the full report, methodology, and graphics.
Please note the Commercial Construction Index report is intended for general informational purposes only. It is not intended to support an investment decision with respect to USG Corporation, nor is it intended to be used for marketing purposes to any existing or prospective investor of USG. This report is not a forecast of future results for USG and actual results of USG may differ materially from those of the commercial construction industry.
Where the Index is Available
Each quarterly Index published is available on the USG Corporation website at:
USG Corporation is an industry-leading manufacturer of building products and innovative solutions. Headquartered in Chicago, USG serves construction markets around the world through its Gypsum, Performance Materials, Ceilings, and USG Boral divisions. Its wall, ceiling, flooring, sheathing and roofing products provide the solutions that enable customers to build the outstanding spaces where people live, work and play. Its USG Boral Building Products joint venture is a leading plasterboard and ceilings producer across Asia, Australasia and the Middle East. For additional information, visit www.usg.com.
The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors and regions, as well as state and local chambers and industry associations. For more information, visit www.uschamber.com.
Headquartered in Cambridge, MA between Harvard and MIT, WeatherBuild® offers a suite of decision support solutions that empower contractors, owners and operators to improve situational awareness and make better-informed decisions about weather events, schedule impacts, safety risks and probable outcomes.
© 2019 Weather Build, Inc. All rights reserved.
“WeatherBuild®”, “Weather Controls®”, and “Decision Support Solutions for the Construction Industry and Built Environment®” are registered trademarks of Weather Build, Inc.
The WeatherBuild “W” logo and app icon, “WeatherBuild Solutions™”, “WeatherBuild Basic™”, “WeatherBuild Pro™”, “WeatherBuild API™”, “WeatherBuild Webhooks™”, and “Increase productivity. Enhance safety. Manage risk.™”, and “Weather Risk-Adjusted Scheduling™” are trademarks of Weather Build, Inc.