First quarter 2022 CIRT index scores came in slightly lower than the fourth quarter of 2021. Discover insights on current topics, such as backlogs, capacity, hiring goals, impact of the infrastructure package on business planning, and the top risks or concerns for 2022 in our first quarter 2022 CIRT Sentiment Index.
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The first quarter 2022 Heavy Civil Construction Index showed increased optimism, climbing to 55.4 from 51.7 in the fourth quarter of 2021. This marks a full year of expansionary reporting and is a sign of strength after last quarter’s moderate decline. Every component of the index showed improvement except cost of labor, which, alongside cost of materials, continues to weigh heavily on the index.
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Though scores remain near historical highs, fourth quarter CIRT results indicate the first signs of softness in sentiment in more than a year. The Sentiment Index fell slightly to 74.9 from a high of 79.7 last quarter. The Design Index followed trend, declining to 83.4 from its prior high of 86.8.
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DBIA partnered with FMI to conduct an update of the 2018 Design-Build Utilization Study. The research provided in this report aims to provide updated information related to Design-Build Market Sizing and Growth and Design-Build Trends and Drivers.
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The U.S. is now at or above the 25-year average for growth in construction, following a 76% increase in construction spending from 2010 to 2020. Shortages in construction materials and labor combined with continued supply chain fragility have constrained growth for some parts of the engineering and construction industry. Download FMI's latest paper to better understand how to ready your business […]
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Pandemics force a mass reckoning, and 2020 left no one untouched. The events of the past year catalyzed changes long at work in the construction industry nearly overnight. It is time for contractors to focus on the years that come after the pandemic, an era in which 60% of baby boomers will reach retirement age, and labor shortages will attenuate at the same time as technology uptake accelerates. […]
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The most strategic thinkers are coming out ahead in 2021. Find out how you can get ahead of the competition with our latest insights about how COVID-19 is changing the E&C industry and ways you can leverage those opportunities.
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Discover insights from executives in the top engineering, construction and architectural firms in our first quarter 2021 CIRT Sentiment Index. We’ve polled CIRT members on economic predictions, hiring goals for the new year and regulatory concerns.
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Executives should be sure to avoid extremes in decision making, perform due diligence to better inform decisions and take into account various potential scenarios. In this paper, we talk about the possible economic scenarios under COVID-19 and how managers can leverage quality information to make better business decisions.
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