Summary
In the November edition of Construction Executive magazine, Marc Ramsey, a surety communications officer in D.C., suggests, "It is difficult to find a segment of the nonresidential construction industry that is not experiencing growth in both public and private sectors." [...] Terry Lukow, executive vice president of Travelers Bond Construction Services, the largest writer of contract and commercial surety bonds in the country, adds, "We see this trend continuing for the next 24 to 30 months."
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Outlook for the Future
The last three years have been robust to say the least for Utah's nonresidential contractors. After the post-Olympics recession, our construction economy bounced back rather nicely and, as such, contractors have seen record profits, as well as record backlogs.
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