2017 Sheet Metal Settlements Update
Chapters and contractors find information on contract settlements valuable to stay up-to-date on market trends and settlements. The average first-year 2017 sheet metal contract increase is 2.8 percent ($1.69). The average second-year sheet metal increase is 2.6 percent ($1.64) and the average third-year sheet metal increase is 2.5 percent ($1.63).
The average single-year settlement ranges from 77 cents all the way up to $2.90. The most common sheet metal contract term this year is three years, however, there have been three 5-year agreements and one 6-year agreement. There have been two strikes in 2017. They occurred in Minnesota and Rhode Island and both lasted two weeks.
For additional information on 2017 sheet metal settlements, contact Jason Watson, SMACNA’s director of labor relations (email@example.com / (703) 803-2981).