Contractor backlog slips, strength depends on sector
Construction Dive
AI Article Summary
According to the Associated Builders and Contractors, many contractors in the construction industry are experiencing a decline in activity. However, contractors who are engaged in certain leading sectors have maintained strong backlogs. This indicates a disparity in demand based on sector-specific activities.
What This Means for Canadian Contractors
This report highlights that Canadian builders in emerging or currently robust sectors need to strategize to stay ahead. For Canadian builders, this means continuing to focus on sectors with growing demand to mitigate the risks of backlog decline, possibly affecting labor and timelines. Maintaining a healthy backlog is essential to securing consistent project flow and financial stability.
