Aug 2024

2024 Civil Infrastructure Construction Index: Third Quarter

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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.

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