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