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With the passage of the U.S. Bipartisan Infrastructure Law back in November 2021, many contractors hoped it would usher in a resurgence of new projects as the country embraced a renewed focus on updating and modernizing critical infrastructure across the country.
Each year, buildings across the United States suffer more than $100 billion in damage from earthquakes, hurricanes, flooding, and wind, according to the National Institute of Building Sciences. The pace of major events causing $1 billion or more in damage has increased over the past few decades as more people live in vulnerable areas. Modern …
Trimble Viewpoint recently released its latest Q2 2022 Quarterly Construction Metrics Index, which provides trends related to project starts, hiring, contract values, and cash flow metrics pulled from roughly 1,000 Viewpoint clients during the second quarter of 2022.