by Andy Miltonberger | Sep 7, 2022 | Construction, Government Contracts
Industry Trends As of June 2022, the annual inflation rate in the United States hit 9.1%, the highest it has been since November 1981.1 Inflationary effects and risks are not always uniform and can be different across industries, materials, and even equipment.2...
by Andy Miltonberger | Aug 9, 2022 | Construction
Industry Trends Permanent Modular Construction (“PMC”), or off-site construction, is the process of prefabricating construction components in sections (or modules) off-site, most often at a large warehouse or factory, and then transporting those components to the site...
by Andy Miltonberger | Apr 13, 2022 | Construction
Industry Trends The construction labor market in the U.S. has been tightening for decades.1 At the end of 2021, the U.S. Chamber Commercial Construction Index stated that 62% of contractors reported “high difficulty” finding skilled workers, and 56% of contractors...
by Andy Miltonberger | Jan 19, 2022 | Construction
Industry Trends As the US construction industry moves into the calendar year 2022, Breakwater Forensics is paying close attention to trends that have impacted owners, developers, and contractors over the last 12 months. For instance, some commodities integral to the...
by Andy Miltonberger | Jan 6, 2022 | Construction
Industry Trends Many industries throughout the world have been affected by the COVID-19 pandemic, and the construction industry was not immune. According to a RICS Economics study, as of Q1 2021, 6.9% of residential projects, 6.9% of infrastructure projects, and 10.3%...
