ECONOMIC OUTLOOK AND INDUSTRY EXPANSION 87%


More Than


of contractors are optimistic that their revenue and net


same or increase in 2022. More Than 83% 83%


of contractors believe that construction will expand or stay the same in 2022.


TOP CONCERNS FOR 2022


of contractors are optimistic about their company’s success in 2022.


More than


of contractors project hiring will stay the same or increase in 2022 compared to 2021.


88%


• Workforce pipeline development • Impacts from vaccine mandates •Need to off higher wages/ benefits


to ret in hire ta to retain/hire talent


Revenue: • 63% of respondents anticipate their firm’s revenue will increase


• 23% who expect it to remain the same


• 14% who anticipate a decrease.


Views of Business Activity for 2022: • 83% of respondents expect business activity as moderate to strong


• 4% see stagnant business activity • 13% anticipate a slight to significant decline


Top COVID-19 Concerns: • 61% said workforce shortages • 53% said shortage of materials, equipment, parts


• 51% said health and safety regulation compliance


• 44% said project disruptions/ delays


CALIFORNIA CONSTRUCTOR MARCH-APRIL 2022


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