The construction industry is cyclical, riding the ups and downs of economic trends. When 2020 began, the industry was on the upswing. Many large contractors were confident that they could ride out any possible downturn that may come along, using large backlogs to get them through possible future tough times.
But the current COVID-19 pandemic is unlike anything the industry has experienced in generations.
Read the full article by Gary J. Tulacz at Engineering News-Record. A subscription may be required to view the full article.