A Quarter of Contractors Report Summer Project Cancellations

Nearly a quarter of contractors have reported that a project scheduled to start in June or later has been canceled due to effects of the COVID-19 pandemic. That’s according to a new survey from the Associated General Contractors (AGC) of America, conducted June 9-17.

Of the contractors surveyed, nearly half reported that an owner halted a project that was underway in May or earlier, 15% reported an owner has canceled a project scheduled to start in June, 20% reported an owner has canceled a project scheduled to start in July and 19% reported an owner has canceled a project scheduled to start in August or later.

While some projects are still being canceled, fewer suppliers are notifying contractors and subcontractors that their deliveries will be late or canceled. At the beginning of May, 48% of contractors reported being told by suppliers that deliveries would be late or canceled compared to 38% in the most recent survey.

To view the laid-in version of this article in our digital edition, CLICK HERE.