December 1, 2022

Construction Services Leader Joseph Natarelli and Chief Construction Economist Anirban Basu authored an article on the impacts of recession, for Construction Accounting & Taxation.

Construction Accounting & Taxation

By Joseph Natarelli, National Construction Industry Group Leader & Anirban Basu, Chief Construction Economist

Construction Services Leader Joseph Natarelli and Chief Construction Economist Anirban Basu authored an article on the impacts of recession, for Construction Accounting & Taxation. Construction

Excerpt:

As interest rates have risen, the likelihood that certain planned projects will move into the construction phase has dissipated. Contractors have also been striving to pass along construction materials and equipment price increases to project owners. As borrowing costs rise and pessimism becomes increasingly pervasive, project owners are more likely to push back or drop their projects altogether. This means backlog can be quickly worked off as some projects are delayed or canceled and fewer new projects enter the opportunity funnel.

Click here to read a PDF version of the article >>

Related Industry

Construction

Featured

Joseph  Natarelli

Joseph Natarelli

Construction Services Leader

  • Assurance
  • New Haven, CT
Anirban  Basu

Anirban Basu

Chief Construction Economist