For participants in the construction industry, the 2020-2022 period can best be described as a roller-coaster ride in which no one seemed to know where the tracks were leading. The unprecedented economic shutdown caused by the COVID-19 pandemic was soon replaced by an extraordinary economic recovery. This V-shaped level of commercial activity triggered record levels of employment and growth, but also led to massive supply-chain disruptions and a huge spike in inflation.

Reprinted courtesy of Samuel Giffin, Construction Executive, a publication of Associated Builders and Contractors. All rights reserved.