According to a report released today by Procore Technologies, Inc. (NYSE: PCOR) and the Associated General Contractors of America (AGC), 78% of civil and infrastructure construction firms expect their project backlog to increase or remain the same over the next year as new federal infrastructure funding ramps up. The report, Top Civil & Infrastructure Trends: Today's Industry Challenges and Opportunities, found that many firms are worried that labor shortages and productivity challenges could undermine their success with these projects.
“With increased backlogs prompted by once-in-a-generation government investment in the U.S. and Canada, civil and infrastructure organizations are on the precipice of historic projects across North America,” said Sandra Benson, vice president of industry strategy at Procore. “To achieve these massive undertakings, while also navigating the ongoing labor shortage, companies will have to find innovative solutions, improve self-performance, and leverage clean data to build better.”
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