Mass Construction Show
3 CEOs tell us what they see for 2025
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.
01:00:52
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Quick takeaways
- The current construction market is showing mixed signals, with a slight uptick in corporate investments despite overall sector slowdowns and a shift towards urban residential projects.
- An increasingly competitive bidding environment is impacting profit margins for subcontractors, as they face more bidders for public contracts and must navigate tighter competition.
Deep dives
Market Activity Insights
Current market activity shows a mixed landscape, with hospitals, universities, and some high-rise residential projects maintaining a level of busyness. Subcontractors are noting a slight uptick in corporate investments in their spaces, despite the overall slowdown in certain sectors they have traditionally operated in. Specifically, there's an increase in potential projects in urban areas, signaling a possible shift in focus towards smaller-scale residential developments, particularly downtown. Meanwhile, long-established sectors such as life sciences have experienced a downturn, prompting subcontractors to seek out new opportunities for growth.
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