Article source: ConstructConnect

Due to the blows to the economy last year from coronavirus impacts, undertaking mega-sized construction projects presented owners with riskier decision-making.

The number of big-dollar projects (i.e., of a billion or more each) fell dramatically, to only 11 from 70 in 2019. The number of big footprint projects (i.e., of a million square feet or more), however, stayed about even in 2020 with the year before, at 26.

In this article, we’ll look at the nature of 2020’s mega projects according to the two definitions and discuss some interesting contrasts. For example, billion-dollar projects, especially when they’re in the energy or transit fields, don’t necessarily have enclosed flooring of a million square feet.

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Article source: ConstructConnect

In mid-March of last year, the consequences of coronavirus infections stopped being hypothetical, mainly happening elsewhere, and instead became very real as they landed on our doorsteps.

Suddenly, offices were being emptied, with workers trying to set up from home. Social distancing became the new mantra, the economy went into lockdown, borders were closed, and travel ceased.

One of the sectors that suffered immediate and severe damage was the airline industry. Passenger traffic through airports took a hit to a degree never seen before.

Turning off the lights at airports leaves a huge hole in local economies. There’s a vast eco-system that begins to starve. Negatively affected are workers who handle car rentals, taxi and limo drivers, onsite retail and restaurant employees, baggage and cargo handlers, ticket agents, air traffic controllers, flight crews and numerous others working in professional and support roles.

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