Operational and consequential impacts of COVID-19 on the construction industry
Between government-imposed social distancing measures and global supply chain disruptions, the construction industry is suffering.
The sector is experiencing significant direct operational impacts, ranging from WHS issues and contractual exposures to the erosion of asset values. Professionals working in the industry are also struggling with the flow-on effects, including the challenge of discharging their obligations when they cannot physically attend sites.
In this update, W+K’s Nick Lux and Andrew Moore consider these industry issues and predict a spike in claims activity caused by parties trying to pass coronavirus-related losses down the contractual chain.
To read the full update click on the download below.
This publication is intended to provide commentary and general information. It should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this publication. Persons listed may not be admitted in all states and territories.