IMPACTS OF COVID-19 PANDEMIC ON THE CIVIL CONSTRUCTION SECTOR

Abstract

This research aims to evaluate the operational, economic and financial impacts related to the COVID-19 pandemic in the civil construction sector, for that, we evaluated the performance of 34 companies listed in B3 of the civil construction subsector. In this sample, descriptive analyzes of the financial data of these companies from the years 2018 to 2020 and documental analysis of the data collected in Economática were carried out. In order to enrich the research, five interviews were carried out with specialists from companies in the same sector, so that it was possible to assess the impacts of the pandemic and the measures taken by companies to maintain their financial performance. The study carried out showed that the civil construction sector didn’t suffered great impact during 2020, according to management reports and financial statements released. Most companies managed to achieve the expected results and in some cases surpass previous years, even with the restrictions imposed by the pandemic. Due to the fact that it is a sector that works with long-term projects and during 2020, they continued projects started in previous years and also managed to start new projects, for example, in this situation of the pandemic that many companies sought as alternatives for work in the home office modality, according to the study, there was an increase in the demand for properties that were better suited to this new style of work and also in the modernization of services provided, such as online customer service, due to the restriction of the personal assistance. With these changes, this sector, which was already a lever for the country's economy, managed to show itself more important at this time of health crisis and that even now, it manages to retain and admit new workers, maintaining the economy and helping the country to go through this time of great challenges.