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Colliers advises clients how to mitigate construction risks during COVID-19

16 03 20 COVID19

As the impact of Coronavirus begins to take its toll on the UK’s workforce, Colliers International has produced an advice document for those with construction projects underway.

The two-pager clarifies how the contract clauses dealing with extension of time requests and compensation claims under a JCT contract would operate, as well as provides practical tips on how to mitigate risks.

Colin Wood, director within the Project & Building Consultancy team, at Colliers International said: “This is an extremely uncertain time for every industry, and the situation is changing from day to day.

“For the construction industry there are already concerns around the supply chain, and project delivery could be significantly impacted if a worker at a site contracts coronavirus.

“We’ve produced this two-page document to help clarify the likely scenario with contract extensions and Force Majeure, as well as provide essential tips to help projects remain on track.”

Graeme Foreman, head of Project & Building Consultancy, added: “As with all industries we expect that these challenging circumstances will result in some companies facing financial difficulties – it’s essential that contractors and their employers work together during these unprecedented times to try to mitigate against any potential disastrous scenarios and ensure that projects and payments are made promptly.”

Download the advice here

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