Southwest specialty contractors are recovering from a difficult pandemic year, although they continue to be plagued by rising materials costs, delivery delays and labor shortages.
The global construction market is red hot for some firms and stone cold for others as contractors deal with unpredictable project risks while readying for new growth opportunities.
The Midwest's Top Contractors nearly reached their 2019 record, despite dealing with COVID-19 delays and shutdowns. Many played key roles in their communities.
Owners frequently call in professional services firms to streamline projects to completion and keep a pulse on the market. Lately, firms agree, that pulse is racing. Projects shelved last year are quickly rebooting while newer, more complex construction programs fill pipelines, driving many owners to seek support beyond their usual teams to manage the volume.
Revenue for construction management-at-risk and design-build delivery reached all-time highs before the pandemic plagued the market. But this year’s company rankings tell a more complicated story about alternative project delivery during a crisis.