“The outlook for the infrastructure construction market for the rest of 2022 remains very strong here in Colorado,” he says. “The passage of SB21-260 last year has boosted transportation funding across the state, and the federal Infrastructure Investment and Jobs Act is providing increased funding for highway, transit and water projects. While the funding situation for infrastructure investment is at an all-time high, there are other challenges facing the industry. High inflation, especially for construction-related materials, is hampering the industry. On average, construction materials have experienced more than a 20% increase over the last 12 months. Also, with an extreme labor shortage, competition for employees is unprecedented. The bottom line is that the market will remain very active, but with the increased funding has come its share of challenges.”