Risks have always been an intrinsic part in the Construction industry and construction projects. Till the advent of COVID-19, the risks were the same and one would say similar to a particular type of a project, although no same contract size fitted all.

Mitigating risks helps in timely and within budget completion of a project. But post COVID the factors affecting businesses have changed, some becoming more pronounced and some absolutely new. The new risks are dependent on the performance of the industry and the resurgence of the industry.

The future isn’t what it used to be-predictable at least for some time. So, we must first address the changes in the risk factors and work towards minimizing those. Since it’s impossible to work remotely on a construction site the first agenda is to Secure workers on construction sites. Construction companies must implement measures to minimize and restrict the spread of COVID-19.

The path ahead is to understand the effect of the COVID-19 crisis on each project, review and adjust project planning, predict new factors affecting costs and time, and negotiate new milestones with all stakeholders. Every project will have new assumptions, new theories and therefore new caveats.

We have been enhancing our digital capabilities by developing new digital products to help site teams go green through paperless site reporting.

It is not going to be difficult but different and let’s face it with precautions to come back to the ‘Old Normal’.