Ike's Newsletter April 30, 2021

Executive Director's Report

Owners’ Panel on Subcontractor Payment: The Owners’ Panel on Subcontractor Payment attacked a difficult issue with honesty and sincerity. The four owners are interested in removing subcontractors from financing construction projects, but acknowledge this will not be easy.  Here are some points:

  • Owner/bank processes make it difficult for subs to be paid on the 10th after invoicing on the 20th of the previous month. 
  • Owners put together payment requisitions from Architects, its overhead and many other areas.  This takes close to 30 days.
  • Developers/GCs have more flexibility to pay subs in fewer days. 
  • Financing the subcontractor up front is a possibility, but would take a major shift in policy.  Public owners cannot pay costs that have not been validated.
  • Schedules of Values are too complicated. 
  • Banks need to understand the process. 
  • Data is needed to prove that a job is more efficient and effective if the money flows promptly and to convince owners that withholding payment is not an incentive to subs.

The panel and the ASAMW Board will review these points and decide on the next steps.  Cindy Athey with Precision Wall Tech and another member wrote thoughtful responses to the panel’s points.  Click here to read these papers.

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Ike's Newsletter April 2, 2021

Executive Director's Report

Work Picture Questions – Residential is starting to slow down, but nonresidential is picking up.  This begs two questions: Who should I bid and what should I bid?  Here are some things to consider:

  • Indications are that demand for most subcontractors will continue.  Should you expand your workforce to get more work, or stay the same and get more profitable work?

  • Who is the most profitable GC to work for and what type of projects are most profitable for you?

  • Subcontractor/Supplier members of ASAMW share their experiences on a Subcontractor Information Exchange (SIE) every other month.  The next one is April 8thClick here to register.

  • Dodge report indicates construction starts in February were down 14 percent overall with residential down a whopping 32 percent but nonresidential up 2 percent.  Is it time to change focus from residential/multifamily to nonresidential?

2021 SUBBY’s Soiree Simplified will be June 23rd and Subcontractor of the Year Nominations are in – The following companies are nominated by ASAMW’s GC Partners for Subcontractor of the Year: Beckstrom Electric, Genco Masonry, Goldin & Stafford and Sparkle Painting.  The GCs will vote on the winner next month. 







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Ike's Newsletter April 16, 2021

Executive Director's Report

Owners’ Panel on Subcontractor Payment - Owners can influence the slow payment process that is more endemic in the construction industry than in any other industry.  On April 20th at 11:00 am, the industry will explore options to address this situation. A panel of owners including Avalon Bay, JBG-Smith, MWAA and Redbrick will look for options that are not available now.  All members, guests, non-members, GCs and others are welcome to this important discussion. Click here for more information and to register.

Today is your Last Chance to submit a SUBBY nomination!

2021 SUBBY’s Soiree simplified will be June 23rd and every member is asked to submit nominations for this year’s SUBBY Awards – TODAY!  Click on the link to submit your nominations.  This is your LAST CHANCE!

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Ike's Newsletter March 19, 2021

Executive Director's Report

2021 Subby's Soiree Simplified will be June 23rd - The fifty-seventh Subbys will be held on June 23rd at Westfields Country Club in Clifton, Virginia.  The Subby's Soiree Simplified will include awards and fabulous food and drink, as well as the best opportunity to network with those in the industry whom you most wish to see in person. 

SUBBY Awards will be presented in seven categories, including:

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