In order to better understand the degree of impact and biggest concerns that the construction industry has about the COVID-19 crisis, Dodge Data & Analytics conducted a survey of 172 contractors across the U.S. from March 19 to March 31. The results of that study reveals that most contractors are feeling at least some impact from the crisis, with the worst impact expected to be felt within the next three months.
Two-thirds (67%) of the contractors surveyed reported that they are currently experiencing project delays due to COVID 19. Those delays are not just due to government-mandated closures of project sites, but to a variety of reasons, including delays in shipments of materials and equipment, challenges finding workers and smaller work crews due to social distancing requirements, owners canceling or delaying their projects due to either economic or health and safety concerns, and difficulty getting the necessary permits and inspections as government offices have closed down or dramatically reduced their availability.