To date, the average first-year 2015 sheet metal contract increase is 3.2 percent ($1.87). The average second-year sheet metal increase is 3.0 percent ($1.78), and the average third-year sheet metal increase is 3.0 percent ($1.90).
The most common sheet metal contract term this year is three years, however, there have been two 2-year agreements, two 4-year agreements and two five-year agreements.
Chapters and contractors find this information valuable to stay up to date on market trends and settlements.
For additional information on 2015 sheet metal settlements, contact Jason Watson, SMACNA’s director of labor relations (email@example.com / (703) 803-2981).