Weakening demand has improved some construction equipment and material prices over the last quarter, but volatility is likely to continue into 2023, according to the latest market conditions report from Gilbane Building Company, one of the largest privately held family-owned construction and real estate development firms in the industry. Jay Pendergrass, director of supply chain management and equipment for Gilbane, remains cautious: “We have seen measures of supplier performance, delivery times, backlogs and shortages showing some improvement; however, risks remain for the supply chain for the foreseeable future. READ FULL ARTICLE>>
