When the COVID-19 pandemic reached the United States, few predicted it would so greatly disrupt the construction industry that its affects would still be felt over a year after the first domestic diagnoses. But after 15 months of mandated work stoppages, labor force shortages and material supply chain interruptions, the pandemic’s ripples are still moving through construction projects.
Last year, as the pandemic was reaching new heights, we hosted a roundtable to discuss its real time effect on construction costs. Now, we will revisit that conversation with the hope to shed light on the current construction material, labor and equipment market costs and lend insight toward what the future may hold.
- Gain advice on accounting for volatility and continued safety protocols when planning upcoming projects.
- Understand the potential project profitability and productivity risks of using historical material, labor and equipment costs in project estimates.
- Learn how organizations can leverage technology to gain efficiencies in their pre-construction processes.