As the recent COVID-19 pandemic continues to wreak havoc on many
aspects of businesses across sectors, including for those in the
construction industry such as owners, developers, builders,
contractors, lenders and others involved in construction projects,
we have identified several challenges and issues that businesses
should be mindful of, including:
- Reduced workforces, unavailable labour and labour-related
friction due to illness, self-isolation and social-distancing
measures;
- Project delays due to labour shortages and late or no
deliveries from material suppliers;
- Project delays due to delayed inspections, and difficulties
obtaining permits and other approvals, certifications and payments;
and