FMI, which provides management consulting, investment banking and people development services to the engineering and construction industry, recently released its 2015 U.S. Markets Construction Overview.
FMI predicts that 2014 will end with about 7 per cent growth in construction put in place (CPIP).This rate of growth is expected to continue with a total CPIP of $1.04 trillion in 2015.
Funding for needed heavy civil projects will continue to be challenging, according to FMI, which publishes the U.S. Markets Construction Overview annually.