Construction Cost

Construction Environment Roundtable

Adapting to the New Reality While Looking to the Future

Published 4-22-2020

An untold number of construction projects have put on hold as a result of the COVID-19 pandemic, but that doesn’t mean all work has to stop. In fact, owners should focus on preparing those projects to resume the moment it is safe to return to the job site. “The best thing for an owner to do is get these projects shovel-ready so they will be in the driver’s seat,” says James Vermeulen, managing principal of Vermeulens. “Whether the project can start construction or is delayed, it is important to be in the driver’s seat. If there’s a schedule slip, you can have an even better set of 100 percent construction-ready documents.”

Construction Environment Roundtable

Current State of the Economy, Construction Market, Procurement, Liability

Published 4-8-2020

To keep apprised of the dynamics in the current construction environment, Vermeulens, a professional services firm focused on construction cost estimation and pre-construction cost control, has scheduled twice-weekly virtual roundtable discussions with industry leaders in Central and East Coast regions to identify ongoing trends, influencing factors, construction administration issues, and the market outlook in the construction industry. Economic indicators are in flux, and while employment in construction seemed to have avoided the drop seen in other sectors through mid-March, a survey conducted by the Associated General Contractors of America (AGC) shows that conditions are worsening, with 55 percent of the 1,600 repondents nationwide reporting they had been directed to hault work on at least one project, and 27 percent have furloughed or terminated construction workers. The next federal jobs report, which will be issued at the end of April, will provide a truer picture, says James Vermeulen, managing principal of Vermeulens.