2024 Civil Infrastructure Construction Index: Third Quarter
The 2024 third quarter Civil Infrastructure Construction Index (CICI) dropped almost six points in the second quarter, signaling a potential cool down in the civil infrastructure space.
This quarter respondents said bid prices dropped while new competitors in their markets increased, indicating a tighter business environment.
Key findings include:
- 47% of respondents indicated margins are compressing either somewhat or significantly.
- 45% of respondents said labor is the primary cost affecting margins.
- 56% of respondents expect that margins will compress either somewhat or significantly in 2025.
*Formerly named Heavy Civil Construction Index. Methodology remains unchanged.
