APE May 2020 | Page 12

EXPERT ADVICE | ADVERTORIAL 9 1 - D I V O C w o H is Affecting the Pavement Industry By Gary S. Goldman, Gary S. Goldman & Associates, LLC W e’re living in a time of uncer- tainty, which is amplified by the global struggle with coro- navirus--a novel pathogen that even the world’s top medical researchers do not fully understand. A recent Wells Fargo Economic Report was titled “COVID-19 to Hammer Construction Industry,” and outlined the effects of the virus on construction spending and projects. www.callape.com The report states: “While many proj- ects appear to be moving forward, sever- al hard-hit areas have already suspended all construction or are beginning to close down sites. Whether or not proj- ects can continue depends on if state or local authorities deem construction ‘es- sential’ when ordering the closure of all ‘non-essential’ businesses.” The Wells Fargo Economic Report continued: “To be sure, construction [12] should fare better than other industries like hospitality and retail trade. Many infrastructure, hospital and residential projects are considered essential and should continue even in the areas with severe outbreaks. Construction workers already follow strict safety precautions which include protective gear. Many projects are primarily outdoors and so- cial distancing rules can more easily be installed.” 1.800.210.5923