Chapters and contractors find information on contract settlements valuable to stay up-to-date on market trends and settlements.
As of June 26, 2017, the average first-year 2017 sheet metal contract increase is 2.9 percent ($1.72). The average second-year sheet metal increase is 2.8 percent ($1.68) and the average third-year sheet metal increase is 2.7 percent ($1.68).
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.
For additional information on 2017 sheet metal settlements, contact Jason Watson, SMACNA director of labor relations (email@example.com / (703) 803-2981).