Construction Industry Overview for 2023: Navigating the Challenges and Uncertainty
The U.S. engineering and construction (E&C) industry had strong results in 2021, with construction spending growing by 8%. Robust construction spending carried over into 2022 and was bolstered by passage of the Infrastructure Investment and Jobs Act and the CHIPS and Science Act (CSA) of 2022. The CSA provides $52.7 billion in funding for American …
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