In this month’s edition of “What’s Trending in Construction,” we’re focusing on technology and the impact it’s had on the construction industry’s response to the COVID-19 pandemic. We’re now six months into one of the largest worldwide health emergencies in history with no end in sight, and we are witnessing the construction industry’s unprecedented embrace of technology in an effort to overcome previously unforeseen obstacles.
The ripple effect of COVID-19 through the construction industry and the world economy as a whole is more like a tsunami whose effects, like the virus itself, are not yet seen. From material procurement to scheduling to employee safety, the industry may never look the same, and views on risk management have forever been altered.
In this month’s edition of “What’s Trending in Construction,” we continue our coverage of the COVID-19 pandemic, and how it’s been impacting our industry.
An article coming out of Globe St. (@globestcom) asserts what we’ve all been noticing across our industry: Construction project cancellations are on the rise due to the COVID-19 pandemic. The piece, which draws on market data from an Associated General Contractors of America survey, notes that 39% of contractors have reported either a halt or cancellation of their current projects.