Backlog fell on a monthly basis for companies with revenues of less than $100 million a year. That mirrors the slight downturn in monthly numbers from July to August as overall industry backlog, including private development, dipped 1.1% lower.
But it surged more than 30% for the biggest contractors — those with sales of $100 million or more — that are most likely to bid on billion-dollar, large-scale infrastructure projects. That swing has contractors more upbeat about the construction outlook, despite the fact that demand for their services already hovers around historic highs.
