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Welcome to The Scoop, our monthly newsletter of mission-critical information about the ever-changing construction industry; arming you for success in an increasingly competitive environment.
This issue highlights the new USCC+USG Commercial Construction Index (CCI). Dodge began working with The US Chamber of Commerce and USG over a year ago to develop an index and accompanying report that would gauge the overall confidence and general health of the commercial construction market from the perspective of US contractors.
Over that year the team worked on developing an in-depth survey investigating key topics in the industry such as labor supply and skill issues, project backlogs, financing, costs, materials availability, and other recurring themes. We also determine a topic for the “question of the quarter” that provides insight into trends that influence their business, such as sustainable construction practices, worker training practices, and use of prefabricated building components. The survey is administered each quarter to the members of the Dodge Contractor Panel, a proprietary group of general contractors and trade subcontractors that allows Dodge to conduct research directed toward with these crucial market participants.
A key component of the research is the Index itself, which is calculated each quarter based on specific contractor responses to questions about their current backlog, their revenue outlook and their gauge of new business opportunities. These combine to create the CCI, which currently is registering a healthy market for the contractor segment.
Director of Operations, Research & Analytics
: Dodge Data & Analytics is North America’s leading provider of analytics and software-based workflow integration solutions for the construction industry. Building product manufacturers, architects, engineers, contractors, and service providers leverage Dodge to identify and pursue unseen growth opportunities and execute on those opportunities for enhanced business performance. Whether it’s on a local, regional or national level, Dodge makes the hidden obvious, empowering its clients to better understand their markets, uncover key relationships, size growth opportunities, and pursue those opportunities with success. The company’s construction project information is the most comprehensive and verified in the industry. Dodge is leveraging its 100-year-old legacy of continuous innovation to help the industry meet the building challenges of the future. To learn more, visit www.construction.com.
: Benjamin Gorelick | Spector & Associates +1-212-943-5858, firstname.lastname@example.org
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