How the construction industry can take proactive steps to mitigate the impact of Covid-19 restrictions

As the effects of the coronavirus are felt around the world, governments and businesses’ primary focus is the safety of their people. Whilst this focus will continue, Deloitte is now being engaged to support our construction clients to assess and react to the significant impact of local and global restrictions.

Even if the spread of the virus is contained in the short term, companies will feel the effect for months to come. We will shortly see the impacts of the coronavirus in terms of contract and project delays, but also supply chain disruptions.

Assessing the full impact is still premature but if the coronavirus continues to have a major impact after June 2020 we expect significant delays to major projects. This means construction companies need to be on the front foot to proactively mitigate the impacts on their business. 

Read more on how to mitigate the impact of Covid-19 restrictions in our downloadable guide.