Strict college professors like to shake up their students on the first day of class by telling them, “Look to your left, look to your right. One of you will not be here at the end of the year.” That same scenario applies to the construction industry this year. When the market meltdown began last fall, you could have taken a group of construction executives and told them, “Look to your left, look to your right. One of your firms won’t be here in a year.” The industry is coming up on the first anniversary of the 2008 stock-market crash
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.