MarketWatch: Construction Progress Monitoring Reports Surge Amidst Market Uncertainty – Will the Trend Continue in 2023?

For years, Quire has analyzed tens of thousands of Reports from dozens of market lines generated all around the world. As Quire works to provide productivity-enhancing solutions for Clients, we’ve developed unique time-tracking and process data from the firms that use our platform. We’ve created MarketWatch to share this data with report-writing professionals both in and outside the Quire solution.

Navigating the Impact of Lockdowns, Workforce Rebound, and Economic Uncertainty in Commercial Real Estate Construction

The implementation of lockdown measures in Q2 2020 resulted in disruptions and delays for numerous ongoing and planned commercial real estate construction projects. Consequently, there was a notable decline in Construction Progress Monitoring Reports during Q2 2020, as indicated by QuireSight data. However, after a period of assessment, stakeholders resumed work on existing construction projects during the latter half of 2020, leading to a reduction in the backlog of projects. This positive development correlated with a subsequent rise in Construction Progress Monitoring Reports following the low point in Q2 2020.

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