Each year, POB asks land surveyors and geospatial professionals about their current and expected capital spending. Based on 2017 forecast and actual spending, expectations moderated and returned to previous-year levels. Respondents told POB in 2016 they expected to spend $187,222 in 2017. As this year’s study, “2014-2017 Point of Beginning Capital Investment Study,” conducted by BNP Market Research was winding down at the end of September 2017, actual spending looked more like $129,597, 70 percent of what respondents projected in the prior-year study.
Those results aren’t totally unexpected. Surveyors and geospatial professionals vastly exceeded forecast spending in the previous cycle, so some “cooling off” might be expected. Actual spending in 2016 was an average of $207,710, 192 percent of the 2016 budget projections respondents reported in late 2015.