COVID-19’s impact on the engineering & construction sector
Guidance for engineering and construction executives
During this time when the COVID-19 pandemic is crippling various industries, public construction has been one of the few industries that has been maintained to some extent. Although activity will likely continue in the short-term, the work is expected to halt soon given various factors including supply chains disruption, shortage of subcontractors and materials, and the termination of contracts to control expenses. This article looks at the short-term stress in the industries subsectors as well as long-term impacts of a weak project pipeline for the entire industry.
Topics covered in this article:
- Potential long-term impact on companies
- Key questions executives and boards should be asking
- Practical next steps.
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