Business

Contractor Predictions for 2022

One-hundred contractors respond to a survey on challenges and trends for 2022.
By Construction Executive
March 4, 2022
Topics
Business

In a recent survey, Trimble Viewpoint asked 100 contractors about challenges and trends on the horizon for 2022.

Challenges were split fairly evenly, with 35% of respondents concerned about vaccine mandates and other COVID-19-related requirements, 31% concerned about the labor shortage and 26% concerned about supply chain and materials pricing.

Construction trends that contractors are focused on include data/cybersecurity (24%), digital technologies (21%), data accessibility/mobility (18%) and predictive analytics (17%).

The majority of respondents had a positive outlook for the new year, expecting to have more projects (64%), hire more people (53%), see contract values increase (65%) and spend more cash (57%).

by Construction Executive

Construction Executive, an award-winning magazine published by Associated Builders and Contractors, is the leading source for news, market developments and business issues impacting the construction industry. CE helps its more than 50,000 print readers understand and manage risk, technology, economics, legal challenges and more to run more profitable and productive businesses.


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