Construction Pricing and Purchasing Forecasts__01_12_2023.pdf

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AFCEC FUELS MATOC
Solicitation number
FA890324R0003
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This document provides a construction pricing and purchasing forecast along with details of a related federal contract opportunity for fuels services. The forecast projects average hourly earnings in the construction industry in the United States through 2028, with earnings expected to increase from $29.67 per hour in 2018 to $42.74 per hour in 2028.

The related federal contract opportunity is solicitation number FA890324R0003 for a fuels multiple-award task order contract (MATOC) issued by the Department of the Air Force Materiel Command Installation Contracting Agency. The solicitation seeks contractors to provide fuels-related services at Air Force installations for an indefinite delivery/indefinite quantity multiple award IDIQ contract with firm-fixed prices. The period of performance is one base year with four one-year options. Proposals were due by the date specified in the solicitation. Awards are expected to be made in early 2024.

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Selected series from Pricing and Purchasing Forecasts Created on Fri 1 Dec 2023, 11:57 AM EST (16:57 GMT)

Frequency: Annual Short Label Unit 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 United States, Average Hourly Earnings, Construction Heavy & Civil Engineering US Dollars/Hour 29.67 30.12 30.72 31.48 33.33 35.78 37.50 38.96 40.22 41.46 42.74

1.49% 1.99% 2.49% 5.86% 7.37% 4.79% 3.89% 3.24% 3.08% 3.09% Legend

S&P Global Forecast

© 2023 S&P Global This Content was published by S&P Global Market Intelligence, S&P Commodities Insight and S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global. Reproduction of any information, data or material, incl. ratings ("Content") in any form is prohibited except with the prior written permission of the relevant party. Such party, its affiliates and suppliers ("Content Providers") do not guarantee the accuracy, adequacy, completeness, timeliness or availability of any Content and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such Content. In no event shall Content Providers be liable for any damages, costs, expenses, legal fees, or losses (inc. lost income or lost profit and opportunity costs) related to any use of the Content. Base Chemical Content Provider is Oil Price Information Service, LLC operating as Chemical Market Analytics by OPIS, a Dow Jones company.

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