According to a recent report released by PSMJ Resources, proposal activity for architecture, engineering and construction firms sank to its lowest quarterly level in over a decade in the 2nd quarter of 2020, as the coronavirus-related downturn trimmed backlog and reduced revenue for firms coast to coast. PSMJ Resources’ Quarterly Market Forecast reported a near-record-low net plus/minus index of -22% for proposal activity in the latest quarter, substantially down from the +17% recorded in the 1st quarter. Backlog slid from an NPMI of +6% in the 1st quarter to -24% in the 2nd, while the revenue NPMI dropped from +9% to … Read more