(Illustration by The Real Deal)
With global supply chains, an inherent need for on-site workers and a client base that depends on optimism, construction firms faced challenges on several fronts when the pandemic shook the world economy last spring.
Suppliers scrambled to secure materials, rapidly shifting regulations shut down projects for months, and economic uncertainty led to a plunge in new starts as many developers opted to wait things out.
But a year on from the initial shock, general contractors are getting a handle on the new normal.
“I feel that the construction industry as a whole handled the pandemic extremely well,” said Lance Franklin, co-CEO of New York-based Triton Construction, which made the top 10 in