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Q1-2023 - Quarterly Construction Metrics Index

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10 • Cash flow across the industry increased 13.5% compared to Q1 of 2022. • Cash flow for heavy highway and civil contractors increased 85% compared to Q1 of 2022. February to March decreased 47%. • Cash flow for specialty contractors decreased 50% compared to Q1 of 2022. February to March increased by 50%. • Cash flow for general contractors decreased 13.4% compared to Q1 of 2022. February to March increased by 75%. Potential Impact An increase in overall cash flow means that contractors are not spending money, which correlates with the fact that projects and contract values were also down in Q1. This is particularly true for heavy and civil contractors who also saw large declines in projects and contract values, which likely led them to hold onto cash. Specialty contractors saw a fairly large decrease in cash flow, which aligns with the fact that their project pipeline and contract values seem more stable as compared to the other verticals. Cash Flow Trends Construction Metric Index Cash flow across the industry increased 13.5% year-over-year 13.5% Construction Activity Index - Q1 2023 ©Trimble Viewpoint, Inc. All Rights Reserved.

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