现在已经有一个普遍的共识，即市场已经扭转并正在增长。现在是建筑公司的难题：应对不断扩大的市场。

The CICI measures executive sentiment about the current market and reflects the respondents' views on where it will be in the next three to six months and over a 12- to 18-month period. The index is based on responses to surveys sent out to more than 6,000 U.S. firms on ENR's lists of the leading contractors, subcontractors and design firms. The latest results are based on a survey conducted from June 5 to June 23.

For the fifth-straight quarter, the surveyed industry executives believe all the market sectors measured by the CICI are now in growth mode. The Confidence Index has risen steadily as the percentage of firms believing the market continues to decline has shrunk to single digits. But for the first time since ENR launched the CICI survey in 2009, more than 50% of firms surveyed believe the current market is growing.

For the CICI survey, execs were asked to assess current and future market prospects in general and in any of 15 market sectors in which they currently work. While more executives saw growth in their particular market sector than those in the same sector saw decline, optimism is waning in several markets, particularly in the infrastructure sectors.

Among the individual market sectors, the petroleum market ranked as the highest-rated, with a CICI rating of 78, which was down three points from the first quarter. The second-highest rated market, multi-unit residential, was steady at 75. Industrial and manufacturing saw a three-point uptick to 72 this quarter.

对基础设施市场的信心在本季度受到了打击。监管不确定性导致电力部门的CICI评级下降最大，下降了6分，至61分。担心新的公路信托基金和公路信托基金在运输部门的评级下降了6分，为60个评级。危险浪费也降至58。水和隔离市场也下降了2分，达到了60分。

CFOs Worry About Financing

The soon-to-be-released results of the latest Confindex survey from the Construction Financial Management Association, Princeton, N.J., shows growing confidence in the overall market but some underlying concerns about contractors' business fundamentals. CFMA polls 200 CFOs from general contractors, subcontractors and civil contractors.

While a Confindex rating of 100 indicates a stable market, higher ratings show growth is expected. "Our Confindex fell by one point, to 129 [on a scale of 200] for the second quarter," says Brigitte Meinders, director of marketing communications of CFMA.

Meinders notes that the "overall business conditions" component of the CFMA survey is strong at 149, up two points, as is the current confidence component, which rose two points to 124. However, CFOs continue to worry about the financial conditions faced by contractors. The "financial conditions" component of the CFMA survey fell three points, to 113, on a scale of 200 and is down 2.6% from where it was a year ago.

"Overall, our members believe the market is growing," says Anirban Basu, CEO of economic consultant Sage Policy Group Inc., Baltimore, and CFMA economic adviser. However, he says the CFOs surveyed in the CFMA poll are worried about the recovery's impact on contractor finances.

巴苏说：“承包商能够依靠积压和现金储备来幸免于经济衰退。”但是，他们的许多现金储备现在已经消失了。为了在不断增长的市场中取得成功，公司需要额外的营运资金来用于新设备和增加员工。“问题在于，银行不愿向承包商借给所需的营运资金，当他们这样做时，贷款的条款并不像预期的那样友好。”

Basu says that, from a business standpoint, the beginning of a market recovery is one of the most dangerous times for contractors. "Competition usually remains strong, and margins are slow to recover. Further, contractors generally do not have the cash reserves to cover for a bad project," Basu says. This leads to cash-flow problems and contractor failures. "The banks know this, and that is why they are very careful about issuing business loans."

While financial institutions may be reluctant to provide contractors with working capital, they continue to make capital available for project financing. In this quarter, 33.9% of CICI respondents said credit for project financing was easier to obtain than six months ago, up from 33.8% last quarter. Only 9.0% surveyed said they saw any tightening of credit in the past six months.

新利luckEnr还询问了本季度调查的竞争水平。当被问及过去一年中的竞争是否发生变化时，28％的竞争增加了，而60％的竞争则表示相同。