Gauge Cost and Market Conditions for Q3 and Q4 of 2022
The goal of this effort is to determine the current and projected future local construction market conditions that may affect the upcoming building construction project. The evaluation of market conditions focused on the ability of contractors and suppliers to support the project within a competitive bidding environment. To analyze the competitiveness of the national construction market, factors were researched, such as market escalation, limitations on supply of key materials, interest in the contractor community, and availability of construction personnel.
Based on the opinions of those surveyed, and the research of other sources, it is believed the market conditions as outlined will cover a period of 6 months from the date of this report.
