In the wake of the COVID-19 pandemic, the cost of construction labor and material prices have been soaring at record-breaking levels. Construction markets remain competitive as contractors struggle to overcome the challenges of the current market conditions and owners attempt to deal with the added risks from the economic threats. This session will provide an overview of the current market trends, changes to expect in project delivery and contracting methods, and how owners and contractors can be prepared to proactively address these issues head-on.