Tag Archives: Simonson Says

Forecasters agree that nonresidential construction spending in 2022 will exceed 2021 levels in most categories.

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.

Contractors have generally low expectations about the volume of work available to bid on in 2021, as project postponements and cancellations proliferate.

Two sets of recent survey results show contractors hold divergent views about the outlook for construction.