Lessons Learned in 2021 as We Kickoff 2022

As 2021 turns into 2022, the construction industry has several positive signs pointing to a good start to 2022.   We have seen job starts get back on track, new contracts are getting signed, backlogs in many areas/segments continue to be at record levels and many Privately held construction companies continue to see strong profitability and boosted balance sheets. 

While at the same time, inflationary pressures have impacted the construction world with material prices continuing to shoot higher, supply-chains disruptions causing project delays and labor shortages along with delays in delivery of equipment continuing to challenge the industry even more so than what we saw leading into the last couple of years of pandemic era times. 

The Infrastructure Investment and Jobs Act (IIJA) is expected to continue to bolster the nonresidential segment of the industry while the residential segment appears to be continuing strong into 2022 and show similar activity to 2021. 

CLA is available to help your construction company reflect on 2021 and kickoff a strong 2022.  Please read the following article for key insights from 2021 for management and business leaders to consider as focus shifts to a successful 2022. 

Get a Leg Up On 2022: What We Learned in 2021 and How You Can Apply It Now