These days, contractors in the infrastructure space might consider themselves lucky as the coronavirus crisis ravages other industries. Roads, bridges, tunnels and similar projects that end up serving a public need often push forward despite economic or social turmoil and are a steady source of employment for skilled workers, managers, engineers and other construction personnel.
“Civil construction doesn’t change a whole lot,” said Paul Pedini, vice president of operations for Skanska USA Civil in New England, based out of Waltham, Massachusetts. “Our work is blessedly less susceptible to the ups and downs of the economy and that which has been created by COVID-19 just because of the nature of the work. It’s one of those things we’re extremely thankful for right now.
Not only has the infrastructure sector been more resilient in New England, he said, there could even be an uptick in business if a federal stimulus plan includes these projects. But while infrastructure projects might be somewhat immune to external forces, there are major aspects contractors should take into account before pursuing them. Here are four of the most critical issues to consider:READ MORE