A new survey of contractors provides a bleak snapshot of the construction industry nearly six months into the coronavirus pandemic, finding that the share of contractors who have had future projects canceled or delayed due to COVID-19 has reached 60% — nearly double the amount from June. The results of the survey, which polled more than 2,000 firms between August 4 and 26, underlined the downtrodden outlook at many construction firms, which have seen their backlog of work diminish among a dearth of new project opportunities. The share of firms reporting canceled projects has nearly doubled since the survey AGC conducted in June, when 32% of respondents reported cancellations. The challenges come amid perceptions of inaction on the part of lawmakers to address the mounting issues facing the construction industry, AGC officials said.
https://www.constructiondive.com/news/agc-survey-finds-project-delays-labor-shortages-worsening-for-construction/584633/