While disrupted supply chains, soaring material and labor costs and rising interest rates have hurled construction into choppy economic waters the last several years, the MidAtlantic’s specialty construction firms are starting to get their sea legs again.
In comments about the market’s most pressing challenges, Top 600 Specialty Contractors are widely optimistic that the worst of pandemic-induced delays are done—buttressed by another year of double-digit revenue growth for listed firms.
Worries about recessions and resources have done little to dampen the Las Vegas area construction market, and few specialty contractors better illustrate the current run of robustness than Commercial Roofers Inc. (CRI), ENR Southwest Specialty Contractor of the Year.
Inflated costs, crunched schedules and materials delays are driving a greater interest in alternative project delivery methods, firms say—which is reflected in last year’s rise in design-build and construction management-at-risk revenue.