Most importantly, we all know the fact that the United States of America and New York City is the first most affected country in the entire world due to the current Global pandemic and outbreak of COVID-19.
In addition to this, the New York City was under a strict lockdown period at least for 2 to 3 months. In addition to this, the economy in the entire United States of America has come to end a halt due to the imposed lockdown.
Even the construction sites in the entire York city were under a lockdown measure in order to control the community’s spelling of COVID-19 to the migrant workers.
Most importantly the New York City is facing a lot of challenges due to the imposed lockdown in recent months.
In addition to this, as soon as the reopening of lockdown was announced, this was a little bit good news for the construction site owners, as the construction was also allowed to reopen but with all social distance in headlines.
Most importantly people have reported that construction was delayed at least by three months due to the import lockdown. in addition to this current construction site owners are struggling to find developers, finance, and staff in order to restart their work.
New York city had submitted around 890000 square feet of changes and 11 million square feet of new construction sites to the department of construction during the current prices itself.
Due to the import of the amount of lockdown for COVID-19, approximately 9500 sites where canceled, and around 32000 non-essential sites where ask to temporarily shut their working status.
However, even though the projects are allowed to restart but managing finance is now becoming a big challenge for construction owners.