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Construction Recovery in Full Swing as Proposal Activity Soars - PSMJ Survey
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PSMJ Resources Quarterly Market Forecast found record-setting growth in proposal activity across many markets and submarkets for the 1st Quarter of 2021, with Housing leading the way. NEWTON, Mass. (PRWEB) May 13, 2021 Proposal activity for architecture, engineering and construction (A/E/C) firms improved for all markets and nearly all submarkets in the 1st Quarter of 2021, with its overall Net Plus/Minus Index (NPMI) rising from 5% in the 4th Quarter of 2020 to a near-record 51%.
“It’s time to party like it’s 2019,” says PSMJ Senior Principal David Burstein, PE, AECPM. “For the first time since the pandemic began, proposal activity in all major market sectors is increasing. Even sectors that had been slow prior to the pandemic, such as education, are now picking up steam. There are still a few submarkets that h