Contractors who have had trouble filling open positions in 2021 may find their difficulties increasing in the new year. The situation is likely to result in more project delays and higher costs.
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Worker Shortage Intensifies Despite Sluggish Recovery
Contractors are struggling to fill openings, even though many firms have smaller workforces than a year ago, so say respondents to the latest Autodesk-AGC of America Workforce Survey, which released on September 2.
Read More »Forecasts Turn More Optimistic but Risks Remain
Forecasters agree that nonresidential construction spending in 2022 will exceed 2021 levels in most categories.
Read More »Breaks in Supply-Chain Links Add to Contractors’ Cost Woes
Construction firms are coping with a seemingly unending series of supply-chain disruptions that are compounding problems caused by record materials cost increases and pandemic-induced challenges to operations. As each link is repaired or bypassed, another gap appears elsewhere.
Read More »Pessimism Dominates Contractors’ 2021 Expectations
Contractors have generally low expectations about the volume of work available to bid on in 2021, as project postponements and cancellations proliferate.
Read More »Surveys Show Outlook Remains Cloudy
Two sets of recent survey results show contractors hold divergent views about the outlook for construction.
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