Market Outlook Construction Forum Situation Report, June 4, 2021

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SUMMERY  AND SLIDE DECK

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Session Presenters

  • Richard Vermeulen, Principal, Vermeulens
  • Blair Tennant, Associate Principal, Vermeulens
  • Mike Bellaman, President, Associated Building Contractors
  • Greg Williamson, Vice President, Bond Brothers
  • Tim King, Project Executive, DIRTT
  • Brandon Jones, Vice President, DIRTT

Market Report and Recommendations, Vermeulens

  • AIA Billings: the first month of Q2 2021 continued to show an increase in billings
  • construction employment is still down 200,000 jobs since February 2020
  • recommend a 4% bidding contingency for price shocks and margins as backlogs rebuild
  • expect escalation to return sharply, starting in the second half of 2021; anticipating 0.5% per month
  • design add alternates in the magnitude of 10%

Q1 2021 Market Report, Suffolk Construction

  • backlogs are up year over year, still down 1 month from 2020 peak
  • 80%+ of contractors are expecting increased sales volumes
  • some skilled labor shortages in some sectors

Contractor Backlog and Confidence, Associated Building Contractors

  • currently observing healthy activity on RFPs
  • aging work force will likely result in a lack of skilled labor and encouraging new skilled labor is an issue
  • thorough insight on the industry’s performance from a contractor’s perspective

Northeast Leads the Way, Bond Brothers

  • backlogs are up year over year, still down 1 month from 2020 peak
  • 80%+ of contractors are expecting increased sales volumes
  • some skilled labor shortages in some sectors

Economics and Industrialized Construction Intro, Vermeulens

  • the industry and building sectors get a productivity boost from renewable energy as prices decline and efficiency improves.

Industrialized Construction, Modular Interiors, DIRTT

  • industrialized construction improves on-site productivity and re-usability
  • prefabricated construction shortened delivery and downtime for pandemic response
  • intro to Total Cost of Ownership analysis

 


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