Reduction of Extensive Construction Costs & Lead Times of Single-Family Homes in Florida due to Covid-19

Abstract

The timely completion of single-family homes in Florida was significantly affected by the outbreak of COVID-19 due to increased prices of materials, services, and lead time. Supply chain disruption and inefficient project management processes emerged as the main causes for increased costs and delays, leading to low profitability projects and businesses bankruptcies. In this study, data was collected from vendors and builders in Orlando, FL before and after the pandemic in an effort to optimize the project management process and consequently reduce the long lead-times and cost of construction. It was found that by creating a comprehensive construction schedule, using project management software to streamline their supply chain, embracing strategic procurement techniques, and value-adding supply chain management, an effective and profitable deliver of single-family homes is possible. Key Terms ⎯ construction materials and services, construction costs, Covid-19, lead time.