Public Works Decline Expected Through 2021: Can Contractors Survive?
Public works projects are expected to decline through the rest of 2020 and into next year. Due to the unique nature of the funding for public projects, pandemic shutdowns have...
Coronavirus
The coronavirus has thrown a wrench into the global and US economies. What does the coronavirus mean for construction businesses – and what can you do now to prepare?
Here, you’ll find articles about coronavirus with helpful information for contractors, material suppliers, and others in the construction industry do to cope with current and future effects of COVID-19. These posts provide actionable insights to help construction businesses address the mounting fear of missed or delayed payments, cancelled jobs, and potential economic recession.
View all of our resources & help:
Coronavirus Resources for the Construction Industry
The construction industry is not immune to coronavirus. Material suppliers from Asia and around the world are being delayed. Sick workers are being quarantined. And cities have even begun shutting down building projects.
While the ultimate impact is yet unknown, construction companies can take specific actions now to protect their payments – and their business. If you need help with coronavirus in the construction industry, feel free to ask a question on the Expert Center for free to receive advice from a construction attorney.
County Office Closures: Lien & Notice Filing
Many county offices, including recorders and clerks, have shut down in-person services due to coronavirus. While remote recording options are available, it’s important that contractors and suppliers keep a close eye on their mechanics lien, bond claim, and other filing deadlines.
For latest information, contact your county office directly.
View contact & filing information for any US county recorder / clerk.
Most Recent Posts on Coronavirus
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COVID-19 safety plans drive up construction job costs
With coronavirus cases on the rise, many states are implementing rules and regulations to help construction professionals work safely. Sites and business owners have to develop safety plans for returning...
What To Do When Someone Goes Bankrupt On A Construction Jobsite
One look at the morning paper (or your favorite news app, more likely) will reveal a sad truth in business today. The coronavirus is causing companies to go bankrupt, disrupting...
Construction Finance: SBA Relaxes PPP Loan Requirements
There’s good news for contractors looking to take advantage of the SBA’s Paycheck Protection Program (PPP): Forgiveness is easier. And contrary to popular rumor, the fund is alive and well....
Construction Compliance & Safety During COVID-19
Many states are finally giving contractors the green light to go back to work. However, the jobsite during COVID-19 looks significantly different from the ones we last saw, just a...
Keeping Construction Cash Flow Positive During & After COVID-19
Editor’s note: Poor construction cash flow can lead to the downfall of construction business during any economy, good or bad. As the risk of bankruptcy increases in the age of...
How to protect your construction company during a rebounding economy
Overall, a rebounding economy is great news. However, if construction businesses aren’t careful, they may face more financial risk in a rebounding market than during an economic downturn. While the...
May 18: Construction Payment Index Shows Signs Of Industry Recovery
According to new data analysis from Levelset’s Construction Payment Index, the construction industry is starting to show signs of recovery from the impact of coronavirus. While some states are still...
Crisis Mode: Coronavirus Drives Surge in Construction Payment Disputes
The coronavirus has been a cause for significant concern for construction businesses. Everyone from GCs to material suppliers is watching their cash closely. If construction businesses were reluctant to protect...
Managing Construction Payments When Office Teams Are Remote
While on-site construction work continues in many states, COVID-19 has changed the game for construction businesses, forcing most office staff to work from home. Separated from their office resources, credit...