Every industry is facing their own unique challenges amidst the worst pandemic since the Spanish flu in 1920. Many of us never imagined a crisis as dire as this during our lifetime, with countries worldwide engaging in some form of lockdown and restrictions. Unlike many countries, Australia has deemed construction services essential, framing it as a national economic priority, correctly so, as the sector is vital to the economy.
The impact of COVID-19 has affected the construction industry with far-reaching consequences. Labour shortages due to movement restrictions are causing project delays, and in some cases, temporary closures. Supply chain reliability has been severely affected, particularly in respect of the availability of internationally sourced materials and there are new legal and policy measures being put in place to ensure safety of construction works and that the industry remains operational (see our previous article here).
As the industry comes to terms with the pandemic and navigates its way through the Government’s measures, it is an opportune time to take stock. Parties should be seeking to mitigate risk as far as possible and put in place protocols to manage COVID-19 risks. In this regard, below are a few issues that all parties need to consider during this period:
As COVID-19 continues with no foreseeable end in sight, the focus remains on the combined efforts from all to flatten the curve and slow the spread of the virus. Amidst the anxiety and uncertainty, now more than ever, it is important for parties to work collaboratively on projects in the spirit of mutual trust to achieve a successful outcome for all involved.
Author: Sasha Baker
The information in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, we do not guarantee that the information in this newsletter is accurate at the date it is received or that it will continue to be accurate in the future.
Published by Sasha Baker