Construction Today - Volume 16, Issue 1 - 15

have to work harder to 'sell' projects to the contracting community to
encourage qualified solicitation responses and to get good bid coverage," Gleason adds. A local market favoring contractors over owners
could cause owners to choose projects in other regions that are less
expensive. Still, both Palumbo and Gleason agreed that it seems like
things will stay busy, at least for another year.
If you're feeling strong about your prospects in the coming
months and years, the good news according to this data is that you're
on the right track. That said, it's important to continue paying attention to broader economic trends, as well as the insight of peers across
the country, to confidently grow your business and prepare for the
next downturn before it comes.

Nathan Fisher is managing director for Fisher
Investments 401(k)
Solutions. For more
information, visit
www.fisher401k.com.

The Regional Perspective
Those interviewed for this column agreed
the U.S. construction market seems like it
has legs to run, but potentially with regional
differences. Project One Integrated Services
provides a complete range of project management and owner representation services,
mainly in Colorado. "Colorado is a great
market, with a great climate, a diversified
economy and a highly educated workforce,"
says Mike Palumbo, Project One founder and
board chairman. "There are 225 to 250 people
moving to the state every day. That drives
demand for infrastructure projects such as
hospitals, water, roads and bridges."
But in a growth environment, some
commercial projects may not pencil out.
"Margins are not always there because
it's too expensive to build due to limited
subcontractor capacity," Palumbo adds.
"The subcontractor community are either
being selective and marking up the work,
or in some cases they hire from outside
the industry and train, which could lead to
quality problems." Project One Founder and
President Tristin Gleason says, "we have seen
projects where workers get $100 extra cash
at the end of the day, just for staying on the
job," demonstrating the need for labor. "We

15

VOLUME 16, ISSUE 1 CONSTRUCTION-TODAY.COM

ECONOMIC OUTLOOK

architectural work is currently on a steady
upturn. But what about earlier indicators for
non-residential construction work? "Land
use planners are the canary in coal mine,"
says Jodi Sommers, marketing and business
development manager at Essex General Construction, a commercial general contractor
with offices in Eugene and Portland, Oregon.
"They do their work before the architects
represented in the Architectural Billings
Index, and can provide a clearer view of the
construction outlook, farther into the future."
When designers and planning professionals are busy, it's indicative that there is going
to be work ahead. "When my friend in land
use planning is too busy to have lunch with
me, I bet we have good construction projects
for the next couple years," Sommers adds.


http://www.CONSTRUCTION-TODAY.COM

Table of Contents for the Digital Edition of Construction Today - Volume 16, Issue 1

Contents
Construction Today - Volume 16, Issue 1 - Cover1
Construction Today - Volume 16, Issue 1 - Cover2
Construction Today - Volume 16, Issue 1 - 1
Construction Today - Volume 16, Issue 1 - Contents
Construction Today - Volume 16, Issue 1 - 3
Construction Today - Volume 16, Issue 1 - 4
Construction Today - Volume 16, Issue 1 - 5
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