The falloff in ABC’s recent Construction Backlog Indicator stands in contrast to the optimism expressed earlier this year as the pandemic was showing signs of receding. Despite the challenges, in The Marcum National Construction Survey, released last week, construction executives generally expressed optimism for the future.
Fifty-four percent of respondents said they anticipate more opportunities in their regions in the next three years and 43% expected more opportunities outside their regions. Twenty-nine percent of Marcum’s respondents said their backlogs would be higher at the beginning of 2021 than in the same period of 2020. Thirty-two percent of respondents said the average size job they bid on in the prior 12 months had increased.
