C3 Index Sets Record High
The Master Builders’ Association’s Commercial Contractors Condition Index (C3 Index) for the first quarter of 2018 indicates that the grade point average for the commercial construction industry in southwestern Pennsylvania is:
2.82 on a scale of 4.0 or
83%. This B grade point average is due largely to major increases in bidding activities and backlog.
The C3 Index saw significant improvements across the board during the first quarter of 2018,
resulting in the highest score in the history of the C3 Index. The increased optimism of our members doesn’t come as a surprise. Long anticipated projects are coming to fruition and several new, large scale projects are on the horizon. Our members are providing comments such as, “It’s all systems go with steady improvement” and “The waves are getting bigger.”