The Construction Labor Market Analyzer (CLMA) is a predictive analytics platform, with about $4.5 Trillion in project data, which helps owners, contractors, labor providers and other industry stakeholders confidently understand the construction labor market and mitigate project risk. Construction is a significant contributor to the U.S. economy, generating about $1.3 Trillion in annual spending. Yet high risk and poor performance on projects is common. The CLMA helps identify the labor portion of this risk to improve project planning and execution.
The CLMA platform enables you to create dynamic reports and data visualization by custom filtering the extensive database. This allows a clear understanding of labor market supply and demand, and therefore, risk. The unique CLMA supply tracking data, imported by contractors and unions, enables visualization and understanding of the impact of labor mobility, age attrition and supply growth on any project and/or the overall construction marketplace.The CLMA also uses these market analytics to forecast the impact of labor imbalances on wage and per diem escalation.
All CLMA analytics conform to rigorous protection protocols.
When your projects are on the secure platform, the CLMA assigns a project labor risk profile for each craft, engineering and project controls discipline, as well as the project overall. The risk profile is displayed via a Green (low risk), Yellow (warning) or Red (high risk) indicator.
The risk indicators and the related analytics enables project planners to see the potential risk exposure and presents mitigation options based on the project’s planning or construction phase. No need to be surprised by project labor risk. We help you know the challenge early so you can plan effectively.
The ideal time to begin aggressive labor risk planning is in early planning, well before the contractor selection process begins; yet planners often don't know the project craft mix or schedule this early. The proprietary Project Labor Forecaster (PLF®) solves this problem by identifying labor cost, craft mix, schedule and peak demand periods on commonly known data points about capital and maintenance projects.
The PLF jump-starts the labor risk profiling process by calculating project craft requirements and risk, providing powerful analytics in early planning stages. You have complete control over the project throughout its lifecycle, enabling adjustment of any element of the project: wage rates, labor distribution, offsite allocation and more. We get you started and provide tools to plan effectively.
The more you know in advance, the more effectively you can plan.
"Focusing on the specific skilled labor needs of an upcoming project and then tackling labor shortfalls in the project planning and execution is incredibly important. The CLMA enables project analysts and planners to know, with a high degree of certainty, what labor issues to expect during a project.”
“Recently there has been a severe shortage of labor in our region. Several of our projects have run short, but with the CLMA, we are able to make educated decisions on how we want to handle the shortages. We are better equipped, better able to plan, and we are in control of the outcome instead of simply reacting to a situation that was previously out of our hands.”
“It’s important to know which skilled craft and professional positions are in demand, especially in the long-term. If we know the industry is short 50 engineers for projects scheduled three years out, we can start training them now. Labor outlooks provided by the CLMA enable us to understand demand and decide if we need to ramp up existing training, or develop brand new training options.”