b'BUSINESS MANAGEMENTContinued from page 39viral spread, including in Europe and parts ofDiminishedstateandlocalgovernment NorthAmerica,rendermaterialsshortagesrevenuesBasusaidthisisoneofthetop more likely during the winter months. Somechallenges facing contractors right now. A report contractors are taking proactive steps to expandfrom the Brookings Institution projects that state and local government revenues will decline $155 Were seeingbillion in 2020, $167 billion in 2021 and $145 clients setting upbillion in 2022about 5.5%, 5.7% and 4.7%, three separaterespectivelyexcluding the declines in fees to suppliers, in differenthospitals and higher education. geographic locations,Thismeansthatstateagenciessuchas where in the past theydepartments of transportation have less money to fund infrastructure initiatives like roads, bridges may have had just one orand transit projects. Many will look to the federal twogovernment for additional revenue.At the New York Metropolitan Transportation their supplier network as well as buying hedgesAuthority, some upcoming projects are in limbo on some materials to protect from upward priceastheauthorityawaitswordonwhetherit swings, according to Joe Natarelli, leader ofwill receive federal funding in addition to the the national construction industry practice at$3.8 billion it received in April 2020 under the accounting firm Marcum. Coronavirus Aid, Relief and Economic Security Act. Industry estimates show that even with Supply chain issues Production is getting backthe CARE Act funds, the MTA faces at least an to where it was internationally, Pomfrett said,$8.5 billion shortfall for 2020 and 2021. MTAs but the strain on supply chains and how to getfinancial position has eroded dramatically since materials and equipment delivered remains.the outbreak began, Janno Lieber, MTA chief Natarelli said his clients are building resiliencydevelopment officer said this last summer, noting intotheirsupplychainssothattheyrenotthat the authority is losing about $800 million a beholden to a single supplier for any one material.month in revenue due to the crisis.The days of having one material supplier areHutchins. Shelley D. Hutchins, LEED AP, writes gone, he said. Were seeing clients setting upaboutresidentialconstructionanddesign, three separate suppliers, in different geographicsustainablebuildingandliving,andtravel locations, where in the past they may have hadandhealth-careissues.ConstructionDive just one or two. Some are even getting as manyprovides in-depth journalism and insight into as five in place. the most impactful news and trends shaping the Plus, the pandemic caused a decline in shippingconstruction and building industry.as well as air travel, which means less air freight gets moved so even the reduction in moving materials across state lines has caused issues, he said.40 www.mrca.orgMidwest Roofer'