This global research focuses on five types of specialty contractors: mechanical, electrical, plumbing, steel, and concrete in the US, UK, Canada and Australia/New Zealand. Findings are organized into three sections:
- Profitability Trends: Profit margins, causes of margin erosion, the negative impact of rework and unbillable changes, typical payment times, financing methods for materials purchases, supply chain disruptions and the use of technology for financial management activities.
- Workforce Trends: The impacts of labor shortages and how companies are addressing them, the likely attrition from pending retirements, labor productivity, root causes of safety incidents and the use of technology for safety and workforce management.
- Construction Technology Trends: The use of technology for preconstruction, construction execution and analysis of construction performance and approaches to driving greater technology adoption.