Large Projects Hold Up Backlog as Small-Firm Activity Slips, ABC Says
Engineering News Record
AI Article Summary
ABC's latest data shows that large projects continue to stabilize the market, offsetting declines in other segments. Despite overall easing, the backlog remains supported by these sizable efforts. Smaller firms are experiencing a decrease in activity, indicating a shift in market dynamics. The construction industry is witnessing a divergence in performance based on project size.
What This Means for Canadian Contractors
For Canadian builders, this means focusing on larger projects could provide more stability amidst market fluctuations. Smaller firms may need to innovate or diversify to maintain their presence. Large projects suggest a stable demand, impacting timelines and permitting processes, with potential adjustments in labor and supply chain management.
