How the brand-new CEO of Central Ohio’s busiest architectural firm is leading during Covid-19
Jonathan Moody sat down with Columbus Business First’s Reporter, Tristan Nivara, to discuss the effect of COVID-19 on the firm and the industry. Moody reflected on the fact the firm was built during the Great Recession which has helped weather any longer-term construction downturn. Good business decisions are good decisions, no matter the timing, Moody said.
As far as the construction industry is concerned – about 80% of projects continue to proceed as normal, Moody say. Many large construction projects have a multi-year schedule so a six- or eight-week delay isn’t a big deal. But a growing number of developments have some kind of drawbacks or mounting issues, and Covid-19 has been a “last straw” for some, he said.
The late summer will likely be a reckoning for projects that had already been financially precarious. But the core demand is still there, especially in cities like Columbus where years of population growth aren’t slowing.
Read the full Columbus Business First article here.