Commercial Construction Confidence Rises

October 29, 2019
Commercial Construction Confidence Rises

After confidence in the commercial construction industry dipped slightly in the first quarter of this year, a new U.S. Chamber of Commerce report shows that it rebounded over the summer. The organization's Commercial Construction Index is a measurement of how confident contractors are about their business.

One of its key measures is work backlog. The average backlog increased to more than 10 months in the second quarter of the year. This indicates that most contractors have enough in their pipeline to ensure they will have plenty of work well into next year.

Other key takeaways from the report:

  1. More than 70 percent of large contractors (those with more than $100 million in annual revenues) are confident next year will provide "necessary business opportunities"
  2. Thirty percent of respondents to the survey expect an increase in profit margins in 2020
  3. Sixty percent of contractors expect to increase their workforce next year
 

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Distribution Center needs a new surface

After a concrete lot's total failure, Kansas Asphalt conducted a full assessment and developed a program to replace the surface and sub-grade over two years. The result was a new lot for this busy center, without interruption to business.

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"Kansas Asphalt has been one of the best companies that I have used in the Southeast U.S. for remediating lot surfaces – asphalt, concrete and limestone."

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International Bottling Company

 

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Busy retail store needs a new lot

Kansas Asphalt led the way for the construction management of the asphalt and concrete spaces on this busy lot and the business stayed open during the remodel of the lot. Kansas Asphalt worked for both the client and the third-party engineering firm in coordinating the schedule, activites, and great execution.

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"This was a complex project, but it was easy working with Kansas Asphalt.”

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Large Engineering Firm

 

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“Kansas Asphalt has been great to work with, consistently adhering to specs and timeframes as well as navigating any problems that we encounter on our projects.”

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Keeping the water out

A hospital customer was experiencing continual water intrusion at one of their city campus locations in an area enjoyed by staff and visitors alike. Kansas Asphalt was able to identify and resolve the problem.  

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"I know when I work with Kansas Asphalt the project will go smoothly."

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