The impact of the COVID-19 emergency including containment efforts have created challenging situations for many Atlanta businesses, both initially and through reopening. During the first weeks of forced business closures and shelter in place orders, individuals and businesses were required to significantly change everyday patterns. Not only were local stores, restaurants and gathering places closed, but many did not want to risk going out for fear of infection. As the weeks passed businesses were challenged with difficult decisions about how to manage payroll and other expenses without revenue. For those who survived, the next challenge has been finding a path forward in a time of uncertainty. Although deemed an essential business, the construction industry has faced similar challenges from cancellations to a reduced number of new projects available. In fact, the latest Associated General Contractors (AGC) Coronavirus Survey results reflect a trend of continued project cancellations in contrast to increased hiring. To help clients, prospects and others, Wilson Lewis has provided a summary of key information below.
About the Survey
The survey was conducted online between June 9th – 17th and includes 635 total responses. The survey included businesses focused on building construction, highway, utility, federal and other types of construction projects. The survey is part of an ongoing series conducted by the AGC.
Key Construction Survey Findings
Contact Us
The survey results reflect both encouraging and discouraging signs. While each company is impacted differently by COVID-19, the findings provide important insights into top industry concerns. Looking ahead it is important to conduct comprehensive planning to ensure you are ready for whatever is next. If you have questions about the information outlined above or need assistance with business continuity or cash flow planning, Wilson Lewis can help. For additional information call us at 770-476-1004 or click here to contact us. We look forward to speaking with you soon.
I want you to imagine hearing the three words, “You have cancer.” Sadly, this has…
Atlanta accounting and advisory firm Wilson Lewis was honored this month as one the top…
Pass-through entities (PTEs), including partnerships, S corporations, and certain LLCs, make up a large share…
Procurement fraud is one of the most reported economic crimes, yet many businesses don’t realize…
New tariffs are pushing up the cost of key materials used in construction and real…
The majority of businesses in the United States (about 95%) are structured as pass-through entities.…