Our industry, as with many others, finds itself in unchartered territories, with a global pandemic impacting our daily lives and BREXIT looming large on the horizon. Managing risk has never been higher up the agenda.
Risk, in a project delivery context, can be defined as ‘an uncertain event or set of circumstances that, should it occur, will have an effect on the achievement of one or more of the project’s objectives’.
Last month, the Construction Leadership Council wrote to the Business Secretary seeking clarity on the following three issues that may arise due to BREXIT:
- Standards and Regulations
- Movement and Cost of Construction Materials and Products
- Workforce
You can read the full letter here.
Have you undertaken a specific BREXIT risk assessment of your existing, live projects?
How are you protecting your business with regard to incorporating a BREXIT clause in future Projects/Contracts?
Similarly, with COVID-19, which appears to be here to stay for the foreseeable future, are you managing to negotiate a fair and equitable position within your Contracts with your clients?
Let us know how you are getting on with these issues or alternatively, if you require our assistance, please contact us today.
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