The construction industry opened the year 2020 cautious but optimistic about the future, and then COVID-19 swept the nation and the rest of the world. The crisis has prompted governments to implement strict lockdown protocols to contain the spread of the novel coronavirus. Four months after the first recorded case in the country, several places are starting to relax these safety measures in order for the economy to move forward. At this moment, construction business owners need to think about a business reopening strategy and how they can adapt to a post-COVID-19 construction environment.
Canada’s Jobs Claw-Back Ratio Outperforming America’s Between February and April, Canada’s total employment contracted by 3.0 million jobs and the seasonally adjusted (SA) unemployment rate soared from 5.6% to 13.0%. The economy, more or less voluntarily, stopped in its tracks and hunkered down at home to slow the advance of the coronavirus contagion.
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Listed below are ConstructConnect’s Hot Commercial Construction Projects for the week of July 6 - 10, 2020. Our Hot Projects showcases three currently bidding or sub-bidding projects from all 50 states and the District of Columbia pulled from our extensive database of construction leads.
Clichés are often true and it is the case that a picture can be worth a thousand words.
ConstructConnect announced today that the latest month’s volume of construction starts, excluding residential work, was $37.6 billion (green shaded box, Table 4 below), an increase of 10.5% versus May’s figure of $34.1 billion (originally reported as $32.1 billion).