Horizons Spring/Summer 2021

The pandemic has amplified momentum in this area. Immense opportunity exists to invest further in off-site and modular construction as recovery begins and the industry evolves. There is both long-term strategy in play and near-term opportunity as demand is knocking on the door in certain sectors to enhance or change infrastructure as a result of the pandemic.

Talent Before the pandemic, contractors were already facing challenges competing for talent, especially with regards to experienced talent in the trades, an aging workforce and challenges keeping younger workers engaged. These talent challenges have not changed. While technology continues to evolve, the need for developing talent and building teams has never been more important. Contractors with good plans and programs in place to build and develop their teams, address compensation, and keep their employees safe will continue to have a competitive advantage in the marketplace. Conclusion While no one’s vision for 2020 went as planned, it’s never too late to embrace change; the industry will be stronger for it! Let’s appreciate, as an industry, that we are resilient and know how to go up and down (remember 2010?). Finally, keep in mind that regardless of how we communicate, and how we build, relationships will continue to drive business. We have plenty of opportunities to come out of this transition stronger and ready to keep building a new world.

CONSTRUCTION SERVICES

RubinBrown has an established and well-recognized team that provides a full range of assurance, tax, business planning and management consulting services to the construction industry.

Ken Van Bree, CPA, CGMA Partner Construction Services 314.290.3429 ken.van.bree@rubinbrown.com Matt Beerbower, CPA Partner & Vice Chair Construction Services 303.952.1252 matt.beerbower@rubinbrown.com

The State of the Construction Industry Post COVID-19

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