AGC survey: 39% of contractors say tasks have been halted/cancelled in wake of coronavirus
An Related Basic Contractors of America weekly survey on COVID-19 coronavirus impacts confirmed a 11 share level week-t0-week improve in contractor respondents who mentioned an proprietor had ordered them to halt or cancel development both underway or scheduled to start out inside the subsequent 30 days.
In whole, 39 % of the 1,640 contractor respondents within the survey carried out Mar. 23-26th mentioned this had occurred, in comparison with 28 % the week earlier than.
“The abrupt plunge in financial exercise is taking a swift and extreme toll on development,” mentioned Ken Simonson, the affiliation’s chief economist, noting that solely 18 % of respondents have been ordered to halt work by elected officers. “The sudden drop in demand stands in sharp distinction to the sturdy employment ranges this trade was experiencing only a few weeks in the past.”
Whereas 82 % of respondents mentioned that they had not been ordered by a governmental company to halt development, others had skilled a wide range of orders coming from a governor, metropolis/county government, state DOT or one other company.
Challenge delays have been prompted primarily by a scarcity of supplies, tools or components (23 % of respondents); a craftworker scarcity (18 %); scarcity of presidency staff to situation permits, conduct inspections, and so forth. (16 %) and “any info to the impact that an contaminated particular person has entered a job web site and at the very least probably contaminated it” (13 %).
As well as, 35 % of respondents say that suppliers had given discover that their deliveries can be late or cancelled.
Solely eight % of respondents say that they had gotten an extra venture as the results of the coronavirus outbreak.
In trying on the responses by sector, constructing contractors appeared particularly susceptible to stopped or cancelled development, with 45 % of respondents in that sector saying this had occurred, in contrast with 36 % of water/sewer contractors and 19 % of freeway corporations. As well as, 26 % of constructing contractors say they’ve seen a scarcity of supplies, tools or components, in contrast with water/sewer contractors (18 %) and freeway contractors (16 %).