Contractors see some encouraging market signals for 2011, but they still believe it will be a tough year, according to a survey by the Associated General Contractors. AGC’s member survey, released on Jan. 24, received about 1,300 responses. It showed that, despite predictions of slight growth in demand for several key sectors and an improving employment picture, construction firms are bracing for at least one more difficult year. Fading stimulus spending and overall weak demand will limit the rebound. “While there are some promising and positive signs in the outlook, the bottom line is 2011 will not be an easy
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.