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Level: Basic
TCM Section(s):
7.3. Cost Estimating and Budgeting
Venue: 2021 AACE International Conference & Expo
Abstract: The presentation will discuss the pre-COVID & post-COVID ramifications of increased construction costs, loss of field construction productivity, extended schedule durations & increased field in-directs & what the new "normal" for the Global Construction industry will be going forward.
Estimators, Cost Engineers, Planners & Construction Professionals have struggled with the impact of COVID-19 since early 2020.
The impact of COVID-19 on construction material & labor costs, productivity & general conditions will be discussed.
The virus has created significant problems to the Global Construction sector, compelling many organizations to substantially modify, shut down or severely slow down ongoing construction activities.
The 1st half of 2021 is forecast to be a tough period for the Global Construction Industry. The USA, Canada, South America and Europe are dealing in some cases with a 2nd & 3rd wave of the COVID-19 pandemic. Many construction projects were cancelled, delayed or postponed in 2020 & this could still be the case in 2021.
The world economy & construction sector is in its most unpredictable position since the Great Depression of the 1930’s. International economic growth has slowed down significantly.
The pandemic has slammed the brakes on future growth for possible the next year or two. The COVID-19 virus has negatively impacted the economies and construction sectors of more than 180 of the world’s 200 countries. Some counties have successfully navigated around the pandemic, while many countries have significantly struggled with the impact of the virus.
Level: Basic
TCM Section(s):
7.3. Cost Estimating and Budgeting
Venue: 2021 AACE International Conference & Expo
Abstract: The presentation will discuss the pre-COVID & post-COVID ramifications of increased construction costs, loss of field construction productivity, extended schedule durations & increased field in-directs & what the new "normal" for the Global Construction industry will be going forward.
Estimators, Cost Engineers, Planners & Construction Professionals have struggled with the impact of COVID-19 since early 2020.
The impact of COVID-19 on construction material & labor costs, productivity & general conditions will be discussed.
The virus has created significant problems to the Global Construction sector, compelling many organizations to substantially modify, shut down or severely slow down ongoing construction activities.
The 1st half of 2021 is forecast to be a tough period for the Global Construction Industry. The USA, Canada, South America and Europe are dealing in some cases with a 2nd & 3rd wave of the COVID-19 pandemic. Many construction projects were cancelled, delayed or postponed in 2020 & this could still be the case in 2021.
The world economy & construction sector is in its most unpredictable position since the Great Depression of the 1930’s. International economic growth has slowed down significantly.
The pandemic has slammed the brakes on future growth for possible the next year or two. The COVID-19 virus has negatively impacted the economies and construction sectors of more than 180 of the world’s 200 countries. Some counties have successfully navigated around the pandemic, while many countries have significantly struggled with the impact of the virus.