House Transportation and Infrastructure Committee Republicans learn the real impacts of inflation on infrastructure projects with AGC member George Palko, President/CEO of Great Lakes Construction in Hinckley, Ohio.
On July 14, George Palko, President/CEO of Great Lakes Construction in Hinckley, Ohio and Chairman of AGC’s Highway and Transportation Division, joined House Transportation and Infrastructure Committee Republicans for a roundtable discussion on the impact of inflation on infrastructure projects. In his remarks, Mr. Palko emphasized the real-world effects that the broken construction material supply chain and increased cost of materials are having on projects in his home state. Due to inflation, many projects are severely outrunning initial estimates, causing project bids to be rejected in some cases. Mr. Palko stated his worry that, with transportation construction projects running 15-20% plus over cost, the general public won’t be able to see contracting partners putting additional work in the ground as provided for in the Infrastructure Investment and Jobs Act. AGC was happy to participate in this roundtable to bring this very significant matter directly to Congressional members. You may view video of the discussion here.
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