COVID-19 not only generated challenges but also brought new chances in the construction industry of Nepal. The goal of this research is to investigate opportunities created by COVID-19 in the construction industry of Nepal. For this, a total of 309 responses from clients, consultants and contractors were obtained. Principal Component Analysis was deployed and major opportunities obtained were technological transformation, and health and safety culture improvisation with variance of 31.46% and 20.14% respectively. It is recommended that policies should be prepared to make technology use and change adopted sustainable and long-lasting. Also, use of advanced technologies and scientific planning should be encouraged by the government and strategies should be prepared so that difficult situations like pandemic could also be utilized in fruitful ways.