Covid-19 Update: Engineering

Revenue for the Engineering Services industry is expected to fall sharply in 2020 as demand from nonresidential construction markets plummets.

Most, if not all, industry players expect revenue to contract in 2020 as a result of the COVID-19 (coronavirus) pandemic.

The industry will likely be slow to bounce back due to the fact that various states have differing rules concerning what is and is not essential construction activity, making the return to growth uneven.

 

Components for a Successful Process:

What does success look like?

• Understanding each stakeholder’s perspective – what would you like to accomplish?
• Aligning all stakeholders’ goals & objectives with market realities – can it be done?
• Determine the optimal timing to achieve goals – is this the right time? Is everyone ready?