BDO 2020 Construction Survey – taking the pre and post-COVID pulse

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BDO 2020 Construction Survey – taking the pre and post-COVID pulse
Trigg Construction

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

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