Dispatch #32 - AIA Index: “Major Downturn in Commercial Construction”

The latest AIA Billings Index should be additional motivation for contractors to create a viable Plan B, a tactic introduced in Dispatch #29.
 
Here is a recent write-up in Construction Dive:

“The dramatic drop in demand for architecture services portends an equally dire future for the construction sector.” 

I encourage you to read the Construction Dive piece, which also reports the fall in backlog according to the February Associated Builders and Contractors’ survey and cites an economist predicting three phases of volume decline for contractors.

I’m not making predictions, but rather providing guidance that best practice (during a time of extreme risk) dictates that we plan for the worst, hope for the best, and control what we can.

Need help with this or other financial matters faced by construction contractors? Let’s talk!

David Stern CFO makes every effort to provide useful and accurate information. This content, however, is not intended as a substitute for specific business-related financial advice. We disclaim all warranties and liabilities from its use.