GroundBreak Carolinas is pleased to share thoughts and insights from key leaders in the construction industry from North Carolina and South Carolina. Chris Moore, CarolinaPower shares his thoughts on the construction industry:
What are your thoughts on the Carolinas’ Construction industry?
Work is abundant for 2019 and even extending into 2020. As we continue to work through backlog booked in 2018, our challenge, not unique to 2019, is to attract talent into the construction industry. Currently, revenue seems only limited by the quantity of field staff we employ. This makes schedules ever more important. This also means that contractors must build teams early to ensure that staffing is available for each project.
As backlog continues to be worked off in Q4 2019 and Q1 2020, the question will we be: Will we be able to replace it at a rate equal to/greater than the burn rate?