The mayhem created due to the COVID-19 pandemic will spill over into 2021. Even with the passage of the Consolidated Appropriations Act (CAA), 2021, some sectors of the construction industry will thrive while others will not.
We are going to explore what markets will expand and contract so surety agents can better understand and assist their clients. Backlog, overhead, labor, and material costs will all have a significant impact on a contractor’s productivity and profitability.
Bonding capacity in markets where jobs are delayed due to government regulations and Personal Protection Equipment (PPE) requirements will also be addressed. Participants will walk away with a clear understanding of the challenges contractors face in the era of COVID-19 and how sureties can deal with the instability caused by the pandemic.