BDO 2020 Construction Survey – taking the pre and post-COVID pulse
Advisory firm BDO NZ has released the 2020 Construction Survey. In two parts this year – giving a pre and post-COVID snapshot of the industry, the 2020 survey report looks at the impact COVID-19 has had on the industry and the industry's key concerns and strategies for survival and growth. Here are some of the report's key insights.
-
The greatest impact of COVID is the uncertainty of future work
-
69% had contracts cancelled or delayed due to COVID-19
-
Number 2 concern is falling margins
-
The 'race to the bottom' is at risk of being underway
-
90% needed to apply for the wage subsidy
-
31% reduced or delayed dividends
-
85% can pay their creditors when due
-
The forward work pipeline (pre-COVID) improved
Source: The BDO Construction Survey 2020
You can download and read the full report here:
Download the Construction Survey 2020