Published with Construction Best Practices
Authored by Laura Cataldo
In the fall of 2020, there is still uncertainty in the construction industry as construction employment remains lower in most parts of the country compared to just before the COVID-19 pandemic started. As firms work their way through their backlog of projects, they have taken time to assess how the pandemic affected their business. Recognizing that innovation often blooms out of disruption, many firms are using these assessments to guide medium- and long-term planning to re-envision and revamp their businesses.
The focus is on validating what they have done right, taking advantage of new market conditions and improving processes as needed, all aimed at enhancing the bottom line. Centering on six specific areas will guide contractors toward best practices for future success.