Projects around the globe are undeniably suffering impacts caused by the COVID-19 pandemic. Those include decreased available labour force due to illness and travel restrictions, prohibitions on site access, material and equipment transport and customs disruptions and - perhaps most worryingly - insolvency risk in respect of key Contractors and suppliers. However, the full effect of COVID-19 on projects, particularly economic, is unlikely to be experienced for many, many months. While governments around the world are working busily to identify ways in which to assist business entities of all kinds, the effects of COVID-19 and the actions taken by Employers and Contractors will be felt through the construction industry for years.
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