COVID’s Impact on the Construction Industry

From the outside, the construction industry may have looked like it was going to be one of the “lucky ones” in the early days of this pandemic.

Deemed “essential business”, construction projects carried on over the last year, but this industry has by no means been left unscathed.

Projects that were well underway behind the scenes when the pandemic came along have been forced to revisit initial concepts and plans and resort to a plan B...or even plan C for some.

Lead times on materials have increased exponentially, as well as become less reliable. Original material pricing that was approved in the bidding phases has also been shattered in many cases, due to the soaring costs of goods. 

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Naturally, there are going to be certain aspects of these price increases or delivery delays that are out of our control in how they impact the Daymark project. However, we were fortunate enough to be early on in the project when the pandemic hit. We were able to restructure initial plans and stay ahead of as many foreseeable delays and roadblocks as possible.

For instance, while ordering appliances to outfit a 54 unit residential building typically would come further down the road in the process, we have adjusted our timeline and are now in the final stages of placing this order in order to account for the 6-9+ month delivery time that we’re faced with.

By looking ahead 20 steps, instead of 10, we are doing everything in our power to keep Daymark on track to be a continued success for everyone involved. This pandemic has taken enough from all of us over the last year, it’s time to start looking forward to brighter days!