Data Insights from Zweig Group’s Research Team

A talk by Tyler Thompson and Christy Zweig
Zweig Group and Zweig Group

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About this talk

2020 has been a big year of change for the world, US economy, and the AEC Industry. Zweig Group’s Christy Zweig and Tyler Thompson will present Zweig Group’s insight into how COVID-19 has impacted firm financials, spending, and workplace policy.

Zweig Group found that by April 2020, almost 90 percent of the AEC industry had moved from a traditional office environment to some form of remote work scenario. By the next month, over 60 percent of firms had received PPP funding. The vast majority of firms in the industry, over 83 percent, have adjusted or are planning adjustments their budget. How will these changes, and the many others that have occurred this year, impacted the way we manage and lead firms in the AEC industry?

This session will share Zweig Group data gathered from the start of the pandemic in March 2020 up until October 1st and how this unique time period compares to historical norms. Zweig Group will also demonstrate their new Operating Expenses Benchmarking Tool combining years of historic data, and show how changes have impacted spending in specific areas at different types of firms.

Learning objectives:

  • Discover how COVID-19 has impacted AEC firm policies and procedures

  • See how government stimulus funds have impacted AEC firm financials

  • Learn if firms have experienced project delays, and where things are back on track

  • See how revenue changes have changed operating expenses, which departments have been hit the hardest, and how these numbers compare to historic norms

  • See the data on AEC firm leader’s outlook on their business performance and the economy at large, over the next 12-months

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