Source: Associated Builders and Contractors, Construction Backlog Indicator Average backlog dropped to 8.1 months, according to the ABC's CBI. ABC Sees Solid Q2 Trends The Associated Builders and Contractors' Construction Backlog Indicator declined 2.8% during the first quarter of this year. The quarterly drop left the CBI with an average backlog of 8.1 months, down from 8.3 months during the previous quarter but up from 7.9 months a year ago, according to ABC. The CBI reflects the amount of commercial and industrial construction work under contract but not yet completed."Despite a decline in overall backlog during the first quarter of
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.