As we approach the conclusion of 2023, the industry has witnessed the rise of several new trends, alongside the ongoing presence of older trends.
This report covers six trends impacting the construction industry:
- EPLI claims on the rise
- Mass timber
- Expanded risk management portfolios, with a focus on resiliency
- Continued labor shortages and the impact of artificial intelligence (AI)
- The commercial real estate (CRE) market
- Emerging payment concerns