Civil Contractors Expect Increased Work Volume and Profits But Skills Gap Concerns Grow
©tuiphotoengineer – stock.adobe.com Civil contractors expressed a positive outlook for work volumes for 2021 and 2022, despite rising concerns over the ability to meet workforce and skills needs on infrastructure projects. Respondents to Dodge Data & Analytics' Civil Quarterly, a quarterly snapshot of current contractor business health, are optimistic they will have sufficient workloads in the coming months and expect subsequent growth in both revenue and profit margin. But that optimism was tempered by expectations of rising costs for skilled workers and reduced skill levels in the...
Source: forconstructionpros.com