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WebEd: AGC Townhall: Material Price Escalation and Substitutions

August 10, 2021 - 2:00pm to 3:00pm
Member Price: 
$0
Non-Member Price: 
$99

Description:
The cost of goods and services used in construction climbed by a record-setting 4.3 percent in May and 24.3 percent over the past 12 months and we’re seeing no end in sight as we continue into mid to late summer. Join Ken Simonson, AGC Chief Economist, as he moderates a roundtable discussion among a building GC and highway GC, an owner and a specialty contractor. During this hour long townhall discussion each participant will share how they are grabbling with the surging prices of materials, managing owners and GC expectations, and keeping jobs on time and schedule. 

Topics to be addressed during townhall:

  • Lead times for procurement and locking in pricing  
  • Managing expectation of clients  
  • Lack of continuity from suppliers  
  • The concept of construction halting entirely and when is that coming

Moderated By:

Kenneth D. Simonson
Chief Economist
The Associated General Contractors of America

Kenneth D. Simonson has been Chief Economist for the Associated General Contractors of America since 2001. He provides insight into the economy and what it implies for construction and related industries through frequent media interviews, presentations and the Data DIGest, his weekly one-page e-newsletter that goes to 30,000 subscribers. 
 
Ken has more than 40 years of experience analyzing, advocating and communicating about economic and tax issues. He currently serves as an advisor to the Census Bureau’s construction data re-engineering initiative. He is a Fellow and past president of the National Association for Business Economics, and he is co-director of the Tax Economists Forum, a professional meeting group he co-founded in 1982. 

Ken has a BA in economics from the University of Chicago, and an MA in economics from Northwestern University. 

Speakers:

Nora A. Degnan, MBA, MS, LEED AP, GACP
Vice President/Business Development 
Thorne Associates, Inc.

Nora Degnan started in 2004 as a project estimator/project manager at Thorne Associates, Inc., a large drywall, acoustic ceiling, plaster, and carpentry contractor in Chicago. Nora works and partners with her dad, uncle, cousin, and Dana Thorne in the family business that was started by the Thorne family with her father and uncle in 1986. Nora became a vice president and part owner in 2018. She is still estimating and running projects while managing ownership roles such as overseeing the safety team by updating and running the annual safety meeting, working on tracking, promoting safer jobsites, and monitoring all covid-19 activity. She also oversees the accounting and human resources department reviewing company financials and purchasing/managing insurances.  

Nora is the co-chair of the steering committee for the Chicagoland Associated General Contractors (CAGC) Construction Leadership Council (CLC). Nationally, Nora is the Vice Chair of the Associated General Contractor’s (AGC) Specialty Contractors Council (SCC). 


Greg Sweeso, Assoc. DBIA
Project Manager, Preconstruction
Tarlton Corporation

Greg Sweeso, Assoc. DBIA, serves as a Project Manager in Preconstruction for St. Louis-based Tarlton Corporation, a general contracting and construction management firm celebrating its 75th year in business in 2021.

A valued member of the Tarlton preconstruction and estimating Department, Greg has 18 years of industry experience and joined Tarlton in 2015. He has helped our teams safely and successfully complete work for clients that include Missouri Botanical Garden, Spire, Washington University in St. Louis and Webster University. 

Greg serves several community and industry organizations. He is a member of the Project Innovation & Delivery Forum for the Associated General Contractors of Missouri, the Design-Build Institute of America St. Louis Chapter, and the Signature Healthcare Foundation Committee for the Gateway Dragon Boat Festival in St. Louis. 


Don Brummel
Vice President
LHC, Inc. 

Don has been working in heavy-civil construction, highway/bridge, and mining industry for 25+ years.  His career has taken him to projects across the United States which included stops on the East Coast, Southeast, Midwest, and for the last 15+ years in the Western States.  He considers himself very fortunate to have been a part of some of the largest projects to be constructed during the timeframe of his career.


Matthew R. Strizich, PE
Pavement and Materials Engineer
Federal Highway Administration, Montana Division

Matt Strizich, PE, is a Pavements and Materials Engineer with the Montana Division of the Federal Highway Administration (FHWA) where he provides program management and technical assistance in the areas of pavements and materials, asset management, specifications, and maintenance.

Matt has worked at FHWA for the past 3 years.  Prior to that, he spent 26 years with the Montana Department of Transportation working in construction and materials.  

Matt is a licensed Professional Engineer and graduated with a Bachelor of Science in Civil Engineering from Montana State University (1992).

WebEd Recording: 

Everyone who registers for an AGC WebEd will receive a link with access to the audio recording and the presentation.

Technology Requirements: 

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