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CARES Act Impacts Engineering and Construction Sector

COVID-19 precautions continue to impact construction by delaying material shipments and reducing labor availability, as well as governmental orders to halt many construction projects. Some ongoing or planned construction projects are at risk of being suspended or terminated because of reduced demand in various sectors, such as hospitality or oil and gas, because of the COVID-19 pandemic.

Many engineering and construction companies have shifted tasks to remote working arrangements and must invest in IT infrastructure and training to limit efficiency losses. Some companies have been forced to lay off employees because of delayed and canceled construction projects.

To read the full text of this Duane Morris Alert, please visit the firm website.