Here’s a quick rundown of this week’s top news and happenings in the construction industry. Each week, we’ll take a look at some of the interesting local, regional, and national stories about construction to keep you better informed of the goings-on in the industry.
COVID-19 continues to take its toll on America. Students of all ages will soon begin fall classes, and school officials are scrambling to ensure safety.
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As a result of the coronavirus (COVID-19) pandemic and its impact on the global economy, the construction industry is facing extreme challenges caused by some state and local shutdowns which have closed construction sites, decreases in funding for public projects that rely on tax revenues, owners putting projects on hold or canceling projects due to economic uncertainty, and supply chain shortages both nationally and globally.
The current health crisis caused by COVID-19 is having a significant impact on the construction industry. State-ordered work stoppages in some states as well as delayed and canceled projects are starting to take a toll on contractors as they are forced to lay off workers and develop plans to weather the storm.
This article was originally published on April 9, 2020. Last updated on April 22, 2020. April 22, 2020 Update: Less than a week after the Paycheck Protection Program ran out of funds, Congress has approved an additional $320 billion that could be available as early as next week. The Senate passed the bill on Tuesday and the House is expected to vote on the bill on Thursday. This is great news for small businesses that applied and didn't receive funds and for independent contractors and self-employed individuals who weren't even allowed to apply for the loans until April 10.
The coronavirus pandemic is putting a strain on the nation’s healthcare system as hospitals try and keep pace with the growing number of confirmed cases of COVID-19. In order to treat the growing number of coronavirus patients, states and healthcare providers are looking for ways to add more hospitals beds in some unconventional ways. Everything from moving in naval ships to opening up recently shuttered hospitals to converting currently unused spaces like dormitories, hotels, and convention centers are being considered.
This article was originally published on April 6, 2020. While lawmakers plan another round of stimulus legislation to combat rampant unemployment and help struggling businesses, there is still a lot to unpack for the construction industry around the last one—the $2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Is construction essential during the coronavirus (COVID-19) pandemic? It’s a question that has popped up almost daily as more states and municipalities issue “stay at home” or “shelter in place” orders. The states of Michigan, New York, Pennsylvania, and Washington along with cities like Boston, Austin, and San Francisco have shut down almost all construction projects within their borders.
It’s Day 17 of the coronavirus (COVID-19) pandemic and things have gone from really bad to really, really, terribly, horribly worse. Since the World Health Organization (WHO) proclaimed the coronavirus outbreak a pandemic, the total number of cases worldwide has skyrocketed from 126,214 (4,628 deaths) to 530,000+ (24,000+ deaths). In the U.S., that number of cases since March 11 has jumped from 1,301 cases (38 deaths) to over 85,000 reported cases and more than 1,300 dead.
Looking for parking facility construction projects? Probably not! That’s because most construction firms are interested in larger projects. But, things are changing, and it may be wise to begin looking for parking garage projects.