Newsletter | October 2020
Seven Coronavirus-Related Construction Challenges
That Will Continue in 2021

More than 10 months since the first coronavirus cases were reported in Wuhan, China, COVID-19's global spread continues to plague commercial construction.

Since the pandemic hit the U.S., contractors across the country have faced a range of obstacles including layoffs, project shutdowns and increased construction costs.

As 2020 comes to a close, economists and industry experts predict many of these issues will continue to challenge contractors.
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INDUSTRY NEWS
COVID-19’s Long-Term Changes
to the Construction Industry

COVID-19 has changed how people live, work and interact in their personal and professional lives. While time will bring back some semblance of normalcy, there will be some facets that will be changed for the foreseeable future. That is clearly the case in the construction industry as it has had to quickly navigate and rethink safety, supply chain issues, design changes and more, many of which have been “in the works” for years. Many of these sweeping changes and new approaches, discussed below, will remain in place long after the outbreak has subsided.
How to Develop an Effective Strategic
Decision-Making Framework 

After enjoying nearly a decade of economic growth, engineering and construction (E&C) organizations have had to revamp their priorities quickly. That means moving beyond traditional strategic planning, which assumes a relatively known or static future and doesn’t work in times of continual disruption. As any business leader whose operations survived a prior industry shakeout can attest, times aren’t easy right now. Some companies could pivot quickly; others have chosen not to. This is normalcy bias (i.e., wishing the present away long enough for things to return to normal).

As E&C companies begin to get their arms around how 2020 will ultimately unfold, many are focusing on the potential opportunities and the big moves they need to make now to avoid a repeat performance in 2021. Whether they’re chasing new types of clients, entering new markets or pursuing new types of work, the ones that put the right work into their planning process will face the best odds when it comes to actually enacting those changes
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Events & Programs
For the health and safety of our members, events will continue to be rescheduled or cancelled in adherence with government and medical guidelines.
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