In 2019, the engineering and construction industry saw overall market growth despite cost pressures, labor shortages, and trends toward fixed-bid projects. We originally forecast this trend would persist into 2020, but the COVID-19 pandemic caused a shift in project timelines and a drop in the sectors’ labor and employment. As recovery in the aftermath of the crisis begins, how can engineering and construction organizations prepare for the “next” normal? Our 2020 engineering and construction industry midyear outlook provides actionable insight.
