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Construction project delays not uncommon

By |  December 17, 2012

Eighty-three percent of construction owners are reporting project delays and 41 percent are reporting project cancellations, according to FMI‘s Construction Users Roundtable (CURT). Also, 93 percent of owners report having to self-fund projects.

The roundtable is made up of U.S. construction owners who, according to FMI, represent nearly $200 billion in capital and maintenance power. FMI surveyed 45 CURT members.

Kevin Yanik

About the Author:

Kevin Yanik is the editor-in-chief of Pit & Quarry magazine. Yanik can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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