The rise of the mega construction project
Backlog management
Ongoing labor shortage
Burnout and worker wellness
Environmental regulations
Noteworthy spending comes from activity driven by the IIJA, which helped produce two strong years of megaprojects — 31 valued at $1 billion or more in 2022, and 41 in 2023.
As many as 77% of project owners report later completion than initially planned.
The gap between construction spending and employment has only widened, with 2024 estimates calling for an additional 500,000+ workers on top of normal hiring.
The construction industry has one of the highest suicide rates among professions, with an estimated 6,000 construction workers dying by suicide in 2022.
By 2025, states like Minnesota, California and New Jersey will prohibit PFAS, necessitating alternative materials, which are often hard to find.
Five risks that commercial construction companies face are:
1
The rise of the mega construction project
1
2
Backlog management
2
3
Ongoing labor shortage
3
4
Burnout and worker wellness
4
5
Environmental regulations
5
1
The rise of the mega construction project
1
2
2
Backlog management
3
Ongoing labor shortage
3
4
Burnout and worker wellness
4
1
The rise of the mega construction project
1
2
Backlog management
2
3
Ongoing labor shortage
3
4
Burnout and worker wellness
4
5
Environmental regulations
5
5
Environmental regulations
5