2020, Vol. 3, Issue 2

author(s)
Dr. BA Venkateshalu

abstract
An investment of ₹1 lakh in the construction sector contributes ₹1.5 lakh for the GDP and generates ₹3.2 lakh as total revenues. “Over 49 million people, that is, close to 12 per cent of nation’s working population are employed by the construction sector. Hence, to expedite recovery from the economic impact of COVID is a must for the revival of the sector. The present study takes excerpts from KPMG study conducted by doing a survey to assess the cost impact of the COVID-19 pandemic on construction projects, considering essential aspects, such as manpower, plant and machinery, and material and their net impact on overall construction cost. More than 30 construction sector professionals took part in the survey that measured impact on different stages of the project. The study has surveyed 50 respondents in the city of Bengaluru drawn from both the organized and unorganized construction sector.