In the coming year to 18 months, engineering and architectural firms in the Texas & Louisiana region will continue to face multiple challenges related to attracting staff and high material costs.

Most construction and engineering companies operate with a fragmented supply chain network, which puts them at a significant disadvantage.

Although ENR’s indexes measure the costs of non-residential buildings, the housing market has had a major impact on index movement.

Lingering supply chain issues, inflation, rising materials costs and labor shortages weren’t enough to keep contractors in the Midwest down in 2022.

Many construction and engineering companies are so focused on winning projects that they overlook the importance of managing plant and equipment cost-effectively.

Steep inflation has exacerbated what was already a volatile market for construction materials, complicating specialty contractors’ efforts to navigate the post-pandemic environment.

Survey respondents reported shortages of materials including electrical steel, components and cement.

The Associated Builders and Contractors Construction Backlog Indicator rose to nine months in May.

A U.S. Defense Dept. guidance memo gives instructions on how contract cost adjustment clauses should be written in the future.