June 20th, 2011 | Published in Uncategorized
According to AGC (The Associated General Contractors of America), “Emerging changes in construction activity indicate 2011 may be the year of the specialty contractor more than the general. While overall construction spending remains flat, several niches look promising.”
The article by AGC Chief Economist Ken Simonson goes on to explain:
- The revival of manufacturing employment, shipments, orders and inventories should encourage more contractors to develop specializations to serve manufacturing.
- The tapping of huge natural gas reserves is good news for specialty contractors that can build, expand and overhaul petrochemical plants.
- Companies with expertise in building and equipping data centers are in growing demand, as more firms turn to “cloud” computing.
- Alternative energy and power markets will continue to offer opportunities and there should also be continuing demand for energy conservation retrofits to existing residential and nonresidential buildings.
To read the article in full, please visit http://news.agc.org/2011/06/15/which-niches-will-offer-riches-in-2011-and-beyond/
Are you tapping into new markets and services to ride the economy wave? How have emerging changes impacted the type of work you do? Look to Maxwell Systems for quality construction software systems.