A ROCKY ROAD AHEAD

Engineering, architecture, and construction firms are facing another challenging and uncertain year with respect to the success of their businesses, and federal funding for "shovel-ready" infrastructure projects may not make a significant difference in that outlook, according to several ma...

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Bibliographic Details
Published inCivil engineering (New York, N.Y. 1983) Vol. 80; no. 3; pp. 64 - 67
Main Author SHUSTER, Laurie A
Format Magazine Article
LanguageEnglish
Published Reston, VA American Society of Civil Engineers 01.03.2010
Subjects
Applied sciences
Buildings. Public works
Business conditions
Construction
Construction industry
Exact sciences and technology
Forecasts
Market analysis
Project management. Process of design
Road construction. Pavements. Maintenance
Statistical data
Transportation infrastructure
United States > US
Task difficulty
Project evaluation
Market survey
Road construction
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Summary:Engineering, architecture, and construction firms are facing another challenging and uncertain year with respect to the success of their businesses, and federal funding for "shovel-ready" infrastructure projects may not make a significant difference in that outlook, according to several market forecast reports published recently as well as experts interviewed by Civil Engineering. In a Web seminar, or Webinar, entitled Economic Recovery: Under Construction, produced by Reed Construction Data, of Norcross, GA, Jim Haughey, Reed's chief economist, said that while residential construction in many areas within the US may recover slowly this year, construction of non-residential buildings is likely to continue to decline in 2010 for several reasons. Firms that have seen a slowdown in business over the past two years have tried to match those losses with cuts in overhead, only slowly and reluctantly resorting to laying off staff, sources say. But that may change if things do not pick up soon.
ISSN:0885-7024
2381-0688