$50 million projects will be increasing.
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$50 million projects will be increasing.
Construction industry is expected to grow more than 15% in 2021.
It takes self-assessment and strategic planning to ensure readiness.
CBRE Group predicts that projects costing more than $50 million will increase by 40% this year. Research and Markets expect the entire construction industry to grow more than 15% in 2021, despite the labor shortage and rising costs of materials.
But with labor and materials challenges still looming large amid so much work, how can contractors ensure they’re always shovel-ready? It will take honest self-assessment and strategic planning.