T.R.U.S.T.
Sep 27, 20231 min
International Construction
By Neil Gerrard
September 27, 2023
More than three-quarters (78%) of US civils contractors expect their project backlog to increase or remain the same over the next year as new federal infrastructure funding ramps up.
That’s according to a new report from Procore Technologies and the Associated General Contractors of America (AGC).
But the report Top Civil & Infrastructure Trends: Today’s Industry Challenges and Opportunities, also warned that many firms are worried that labour shortages and productivity challenges could undermine their success with these projects.
The report is based on a survey of nearly 500 general and specialist contractors.
Civil and infrastructure builders reported an average increase of 25% in their backlogs since the covid-19 pandemic. And 78% of companies said that backlog would grow or remain level during the next 12 months.
But one-third of civil and infrastructure projects fail to meet their specified budget, schedule and quality goals, according to the survey.
View the full article: Internationa-Construction.com