2022 Marcum National Construction Survey

FINANCIAL SNAPSHOT FINANCING Although pandemic resources like the Paycheck Protection Program have ended, ongoing historically low interest rates in 2021 and underlying macroeconomic strength meant finances remained solid among construction companies. Respondents’ opinions on the ability to obtain financing were roughly on par with prior years, with only 13% saying it had become more difficult and the majority feeling it was the same or improved. And while 19% of respondents believed it will be more difficult to obtain bonding this year, that is only a 4% uptick from the prior year. Similarly, the 81% of respondents who expect no change or think it will be easier to obtain bonding is just 4% lower than the prior year.

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