While the region’s seven states report improved public and private markets from 2021 through this year, problems with the availability and delivery of materials, labor shortages and the rise in inflation continue to curb revenue and expectations at construction firms.
Southwest contractors anticipate strong markets ahead but are contending with double-digit inflation, rising interest rates and accelerating fuel costs.
In 2021, PC Construction was able to clear the lingering hurdles of the COVID-19 pandemic, growing revenues and clearing a new hurdle: completing its most ambitious project yet on its way to its latest accolade of earning ENR Southeast’s Contractor of the Year honor.