Construction engineering and design firms often get the first whiff of economic stagnation. Orders drop off and backlog shrinks as developers pull in their horns amidst deteriorating economic fundamentals. But the air must have smelled like a rose throughout 2017 for electrical design firms, as construction spending scaled new heights, and requests for engineering electrical systems for new projects ramped up.
Photo courtesy of Stantec
Decelerating Growth, Accelerating Change
Combined revenue growth slowed for electrical design firms on EC&M’s 2018 Top 40 list, but don’t mistake that for inactivity. The industry is dynamic, and companies are optimistic.