5 actions to mitigate risks amid COVID-19
As the international response towards the COVID-19 pandemic continues to develop, we know that capital projects, infrastructure owners and stakeholders are faced with potentially significant challenges to which they need to respond rapidly.
The interconnectedness, complexity and global nature of the construction industry’s supply chains and workforce affect the cost and schedule of infrastructure projects. Any slowdown across infrastructure investments due to, for example, uncertainty of demand or access to financing could have an impact on project start dates or stall construction progress, with potential longer-term economic repercussions for host countries.
More broadly, projects at different stages should be reassessed:
We work closely with organisations globally, including companies, governments, regulators, NGOs and international organisations, to help them prepare and respond to some of the most high profile outbreaks (including Ebola, MERS, SARS and bird flu). Here’s an overview of the most common issues organisations encountered, followed by five practical actions to help you mitigate risks and shape your COVID-19 response strategy.
Reduced resilience in key functions, infrastructure and services, or locations become unavailable
Restricted or prohibited to some locations, and impacting business and leisure demand more generally
There are eight key areas where infrastructure project owners must consider when charting your critical contingency plans.