Mass Construction Show 3 CEOs tell us what they see for 2025
18 snips
Jan 27, 2025 In this insightful discussion, Jon Desmond, CEO of Cox Engineering, Chris McPhearson, CEO of Central, and Mike Weber, CEO of Gaston Electrical, provide a comprehensive view of the 2025 construction outlook. They delve into emerging trends in healthcare and education, highlighting the impact of labor shortages and competition. The CEOs share strategies for navigating project dynamics, emphasize the importance of innovation, and discuss the role of technology in addressing challenges. Their perspectives offer a glimpse into the evolving landscape of the construction industry.
AI Snips
Chapters
Transcript
Episode notes
Market Bifurcation
- The construction market is bifurcating, with increased activity in hospitals, universities, and high-rise residential projects.
- Other sectors like life sciences are slowing down, particularly in the union market.
Rhode Island School Funding
- Rhode Island has significant funding for school systems, presenting opportunities for contractors.
- Union contractors face challenges expanding to Rhode Island due to licensing requirements for electricians.
Increased Competition
- Public projects are attracting more bidders, increasing competition.
- Some public companies are seeing a significant rise in bidders, from 2-3 to 7-8 per project.