The pandemic economy is affecting the construction industry in both positive and negative ways. The 2021 edition of the “Sterling Seacrest Pritchard Risk Sentiment Index of the Construction Industry,” asked nearly 90 construction industry leaders to name the top challenges currently facing their businesses.
On the positive side, construction leaders are seeing consistent profit margins and more business in their pipelines. But they negatively report material costs and delays, as well as staffing challenges, presenting huge hurdles for the industry.
Reprinted courtesy of Joey Maxwell, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.