re: How is it looking for the construction industry

Posted by ellishughtiger

70118

Member since Jul 2004

21135 posts

Posted on 3/18/20 at 2:23 pm to doublecutter

quote:
Sheesh they won’t even let the kid go to his own family’s house

They’ll probably demolish the building and call the entire project a wash

Posted by crispyUGA

Upstate SC

Member since Feb 2011

16086 posts

Posted on 3/18/20 at 2:23 pm to jlovel7

All of my customers (masonry and concrete) are all still working but there are a lot of meetings going on in regards to shutting down a good amount of jobs right now. Obviously, that would send everything into a tailspin. No one is admitting it, but they're all scared about what could happen.

This post was edited on 3/18/20 at 2:27 pm

Posted by doublecutter

Member since Oct 2003

6875 posts

Posted on 3/18/20 at 2:25 pm to J Murdah

quote:
quote:
Do they pull the plug and mothballs the project?

are you serious?

When I say mothball, I mean secure the prohect, shut it down, and let it sit with the goal of restarting it in the future when conditions improve.

Posted by TheMightyTerrier

Member since Nov 2010

2102 posts

Posted on 3/18/20 at 2:26 pm to Packer

quote:
1) Inability to get permits to start work
2) Inability to get inspections to continue work
3) Customer's budget being screwed by the shut downs forcing us to lose work

My fear is this. We sent out letters to project owners outlining the potential for items 1 and 2 above as well as procurement issues for some of our longer projects. We are working on a force majeure letter just in case.

Posted by Loup

Ferriday

Member since Apr 2019

14158 posts

Posted on 3/18/20 at 2:26 pm to thedrumdoctor

quote:
the RFQ's from Performance, Turner, Cajun, and the rest of the contractors have been flying in this week.

Who are you with? I might have sent one lol

Posted by Tiger in NY

Neptune Beach, FL

Member since Sep 2003

31013 posts

Posted on 3/18/20 at 2:28 pm to Mad Dogg

quote:
We may not build anything new for decades.

Interest rates are at 0%. There will be projects getting funded with that kind of rate.

This post was edited on 3/18/20 at 2:30 pm

Posted by djangochained

Gardere

Member since Jul 2013

19054 posts

Posted on 3/18/20 at 2:28 pm to LSUJML

where?

Posted by KiwiHead

Auckland, NZ

Member since Jul 2014

32814 posts

Posted on 3/18/20 at 2:43 pm to Mad Dogg

Not true, once this is over, there will be infrastructure spending like crazy.....all types of levels. Think Eisenhower and the interstate system crazy

Posted by Clint Eastwood

Member since May 2015

229 posts

Posted on 3/18/20 at 2:44 pm to jlovel7

We are still going but I am already getting calls from suppliers that lead times on material and equipment will be increased. Looks like it will for sure be schedule impacting...I'm just hoping that it doesn't last long.

Posted by lowspark12

nashville, tn

Member since Aug 2009

22475 posts

Posted on 3/18/20 at 2:47 pm to Packer

quote:
1) Inability to get permits to start work
2) Inability to get inspections to continue work
3) Customer's budget being screwed by the shut downs forcing us to lose work

It’s even worse here in Nashville... tornado one week then pandemic the next... plan review and inspections will take weeks. The city here has opened up the door to 3rd-party inspections in lieu of city inspections, but we’ll see.

Posted by PrettyLights

Member since Oct 2014

1318 posts

Posted on 3/18/20 at 3:05 pm to jlovel7

No issues yet but concerned about what may happen. If the job sites stay open then we will be fine; if the job sites close, we will likely have to lay a lot of people off to protect our cash position. Lots of money is at stake and for job sites to close will be very expensive for the Owners (cost of interest, rentals, delay/remobilization) and detrimental for everyone involved.

This post was edited on 3/18/20 at 3:07 pm

Posted by Carson123987

Middle Court at the Rec

Member since Jul 2011

67305 posts

Posted on 3/18/20 at 3:06 pm to jlovel7

industrial contractor here. business as usual right now, I imagine it will get worse quickly. only guys with nothing to do are the BD guys. they can't make donut runs and shite, so I guess they're just calling and emailing

Posted by bee Rye

New orleans

Member since Jan 2006

34174 posts

Posted on 3/18/20 at 3:09 pm to Carson123987

I'm on the supply side of the industry. Our daily transactions have been down 35-40% since last Thursday in New Orleans, but we have been lucky to have a higher than normal $ per transaction total, so it has kind of washed for now. I'd imagine things are gonna get a lot worse though

Posted by boxcarbarney

Above all things, be a man

Member since Jul 2007

24317 posts

Posted on 3/18/20 at 3:11 pm to jlovel7

quote:
As far as I know we're still signing new deals and still working on projects. I've got the sinking feeling I'm totally fricked now. Just as I've started to hit my stride in my career.

All of our job sites are still open and active. We're just getting emails detailing COVID-19 precautions they're taking. Like "social distancing" can really be a thing when you have 3 dudes at the bottom of a 5 foot excavation.

I'm still receiving bid requests for new projects.

The only real issue I'm having is a lot of my vendors are sending people home, which is slowing up pricing. I imagine its only a matter of time before we start having difficulties getting materials onto the sites.

2 ...

Posted by boxcarbarney

Above all things, be a man

Member since Jul 2007

24317 posts

Posted on 3/18/20 at 3:15 pm to doublecutter

quote:
When I say mothball, I mean secure the prohect, shut it down, and let it sit with the goal of restarting it in the future when conditions improve.

That project is so far behind schedule because of the river height issues last year, they will do anything they can to not shut that site down.

We haven't heard of them shutting it down.

Posted by lowspark12

nashville, tn

Member since Aug 2009

22475 posts

Posted on 3/18/20 at 3:15 pm to boxcarbarney

we’re concerned about approval and payment process for pay applications... getting architects and owners who are working remotely to review/certify... then getting a check cut from the bank...

The AP process could really slow down... which puts a strain on everyone, especially subcontractors.

Posted by Mark Makers

The LP

Member since Jul 2015

2358 posts

Posted on 3/18/20 at 3:24 pm to jlovel7

I'm not sure what to think yet. Yesterday we had a meeting in Baton Rouge kicking off a nice industrial project that seems full steam ahead. On the contrary, we had another large project in TX just get delayed for 1 year. Business as usual in our own office as of now, just a little more hand sanitizer than usual.

This post was edited on 3/18/20 at 3:25 pm

Posted by BottomlandBrew

Member since Aug 2010

28349 posts

Posted on 3/18/20 at 3:24 pm to jlovel7

I say all of this with it still being very early in this situation. Things could change tomorrow.

-We've seen an uptick in residential orders this week on our fabrication side.
-We've seen an uptick on calls from homeowners on our residential installation side.
-Commercial jobs that are currently in progress are maintaining course. Some contractors are setting the stage to shutdown sites if need be. I have concerns on getting paid for work performed.
-My fab shop has not seen an increase or decrease in commercial orders for other glass shops.
-Supply chain is a huge concern. Getting materials could be an issue as we order from all over the country and the world. Regional shutdowns could impact our supply and also the supply of trades that come before us on projects.

Everything is day by day, though. I can see residential slowing down pretty quickly if this thing looks like it's going to drag on.

There's also the question of what an "essential business" is, which everyone in the industry I've talked to is confused on. There's been no guidance on how it relates to certain trades.