FMI Releases 2022 Engineering and Construction Industry Overview and First Quarter Outlook

by Marcy Marro | 26 January 2022 12:00 am

FMI Corporation[1] released the 2022 Engineering and Construction Industry Overview[2]. The report provides a comprehensive forecast for a broad range of construction and engineering segments in the U.S. and Canada for 2022.

Entering 2022, FMI expects construction spending to increase by 5%. But that growth will be offset by inflation, supply chain snarls, a shortage of workers and project delays. Now, more than ever, it’s important for companies to think critically about the criteria used to bid and execute projects to maintain appropriate risk levels.

“There is an abundance of market opportunities out there for firms that stay focused on where to do business and how to make sure they’re in the right markets and sectors, working with the right clients and project partners,” writes FMI Chief Executive Officer Chris Daum in the introduction.

In addition to FMI’s market commentary, key highlights of the report include:

Download the full 2022 Overview here[3].

Endnotes:
  1. FMI Corporation: https://fmicorp.com/
  2. 2022 Engineering and Construction Industry Overview: https://fmicorp.com/insights/construction-outlook/2022-engineering-and-construction-industry-overview
  3. here: https://fmicorp.com/insights/construction-outlook/2022-engineering-and-construction-industry-overview

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