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 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.
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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.
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.
Schedule delays almost always lead to payment delays, and the Coronavirus has created a literal tsunami of construction project delays, across the country. If you are experiencing delays due to...
States, counties, and cities across the United States continue to implement safety precautions to slow the spread of the coronavirus outbreak (COVID-19). The coronavirus is affecting construction projects, and many...
With the construction industry in crisis over COVID-19, business owners and field workers alike are nervous. Even in places where construction is considered an essential business, developers and lenders aren’t...
The COVID-19 pandemic has been upending construction projects around the country, suspending them or forcing them to shut down. If you’re working on a project that’s experienced this, be sure...
The coronavirus pandemic is taking a grip on the construction industry. It’s making it more difficult to get supplies, to complete projects, and most importantly, it’s getting harder for companies...
As the COVID-19 pandemic continues, it’s steamrolling all sorts of would-be stable businesses and taking no prisoners. The reality is that if COVID-19 hasn’t affected your construction company yet, it’s...
The coronavirus has already upended construction projects across the US. Now, with the “deepest recession on record” looming, many contractors are expecting to take a hit on their profit margins....
As the country continues to struggle with the coronavirus pandemic, construction companies are struggling to deal with the challenges COVID-19 presents. Many industry professionals have been warning of potential delays,...
On Friday, March 27th, President Trump signed the COVID-19 stimulus bill, known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This law provides significant support, resources, and...
Editor’s Note: This is a guest article from the Executive Management Team at Rauch-Milliken International, Inc. about the challenge of managing collections on overdue accounts during coronavirus. View more construction...