Summary of Ongoing Impacts on Construction Relating to COVID-1930 Apr 2020, Posted by Uncategorized in
The COVID-19 pandemic is likely to have a significant impact on construction activity over the coming months. What this will mean for projects and investment in the short term is unclear, however, we have found some information put together by construction industry experts that might help owners, developers, and administrators stay ahead of risks.
- The Beck Group’s COVID-19 Special Edition Cost Report
(Beck’s insights into what is happening across its markets and learn about the impacts on projects under construction and in design.) –> click here
- Arcadis: International Construction Costs 2020
(This year’s report explores challenges facing the global construction industry today, including the COVID-19 pandemic.) –> click here
- Deloitte Insights: 2020 Engineering and Construction Industry Outlook –> click here
Each document provides you with in-depth strategic insight that you need to make key budgetary and planning decisions. The key point made throughout these documents is that we may see a period of time during construction costs are suppressed before spiking to higher levels as post-pandemic demand rises. This may create an opportunity to save some capital costs with timely planning.