Owners and Contractors Push To Work Through Uncertainties

摘要

With uncertainties growing in cost and availability of key construction components such as contracting capacity, labor and materials, executives of leading industry owners and contractors report big changes in project dynamics that may be long-lasting. "The cost of projects has doubled upstream recently, and is making investment decisions challenging," said Luc Messier, senior vice president of oil firm ConocoPhillips. Speaking on June 11 in St. Louis to 200 industry attendees of the Construction Business Forum, sponsored by ENR and the Construction Users Round Table, an owners' group, he added, "Project construction is now our No. 1 uncertainty."