The past year has been a challenging one for the construction industry. Designated as an essential operation in most areas across the country, contractors have largely remained working throughout the pandemic.

For these companies, the added costs and inefficiencies of being an essential operation cut into profits.

It could be months or years from the start of this pandemic until contractors experience failure and close or sell their companies because there is no clear channel for equitable adjustment, and they have been contractually mandated to continue operations.