By CN Staff
NEWTON, Mass.—Proposal activity for Justice facilities reported by architecture, engineering and construction (A/E/C) firms remained solid in the third quarter of 2019, according to the Quarterly Market Forecast (QMF) from PSMJ Resources.
The Forecast’s Net Plus/Minus Index (NPMI) for firms working in Justice Facilities, including courthouses and jails, remained at 25%, quarter over quarter, well into positive territory. PSMJ’s NPMI measures the difference between the percentage of firms reporting an increase in proposal activity and those reporting a decrease.
PSMJ has been using the QMF as a predictor of the A/E/C industry’s health since 2003. The company chose proposal activity to gauge the industry’s long-term outlook because it is the earliest stage of the project lifecycle.
For more than 40 years, PSMJ Resources, Inc. has been recognized as the leading publishing, executive education, and advisory group devoted completely to improving the business performance of A/E/C organizations worldwide. PSMJ’s sought-after expertise covers a range of critical business areas such as project management, financial management, human resources, business development, transition planning, and mergers and acquisitions.