A new survey reports that 75 percent of contractors have seen an upcoming project canceled or postponed. That’s up from 60 percent in August and 32 percent in June, according to the Associated General Contractors. The recent AGC survey also shows that 78 percent of contractors have faced delays or disruptions on current projects.
That’s up from 57 percent in June. Most of those delays, 42 percent, were due to a shortage of construction materials, equipment or parts. The other two major reasons: shortage of craftworkers and subcontractors (35%) and a potentially infected person visited their jobsite (31%). “The survey results make it clear that the months-long pandemic is undermining demand for projects, disrupting vital supply chains and clouding the industry’s outlook,” says AGC Chief Economist Ken Simonson.
That’s up from 57 percent in June. Most of those delays, 42 percent, were due to a shortage of construction materials, equipment or parts. The other two major reasons: shortage of craftworkers and subcontractors (35%) and a potentially infected person visited their jobsite (31%). “The survey results make it clear that the months-long pandemic is undermining demand for projects, disrupting vital supply chains and clouding the industry’s outlook,” says AGC Chief Economist Ken Simonson.