How Small Engineering Firms Are Coping with Uncertainty
Between stay-at-home order, social distancing protocols, and economic uncertainty, it can be a difficult time for the county’s small engineering firms. Civil Engineering Magazine spoke with several industry leaders to get a sense of what has them most concerned, and how they are navigating these times successfully.
Some firms fear that they will experience drops in revenue as projects get delayed or canceled, and as the tax revenue for cities and local agencies takes a hit. Jon Jones, CEO of Wright Water Engineers says his firm is monitoring accounts receivable to determine whether clients will have difficulty paying for its services.
However, firms can take advantage of benefits outlined in the Paycheck Protection Program, and take the opportunity to upgrade their technology to work from home.
