Construction Execs’ Succession Plans Uncertain Due to Market Conditions

Backlog is up, but optimism is not. The ABC Backlog Indicator rose to 8.8 months in July, but that may mean fewer projects are coming to completion.

The economy is more uncertain than ever, and construction companies may feel the instinct to cut spending as a result. While simply spending less is an option, strategic spending in workforce management can prevent cost leaks and lock in the right skilled labor to keep your company moving forward.

Independent elevator companies are leveraging owner options, lower long-term costs, and supplier and equipment choice to compete against major proprietary brands. Who will come out on top?