COVID VS THE CONSTRUCTION INDUSTRY By Brian Kow
Coming out of the Circuit Breaker to Phase 2 then to Phase 3 and back to Phase 2 (Heightened), with the lack of mobility and confinement but, somehow the property market has not let up from 2020 to the present.
Nic & Wes has always got our roots in turnkey projects specializing in the Landed Property Industry and in 2022 we head into 20th year in operation. I have found this period a very challenging and yet exciting sector, that holds a lot of promise post Covid.
On the Construction end however, the ability to cope with the overwhelming additional administration work to keep the sites and workers safe has put a burden on the industry especially for companies without a strong backend administrative system.
The shortage and dependence of foreign workers is not just a short-term issue but, a constant one that needs to be relooked. Covid has accelerated the importance to look ahead for alternatives and adapt in order to pull us through into the long term. The industry as a whole needs to work at pivoting, looking inward to restructure the sector that could evolve into an attractive option for our local workforce; a dream that may be a little too far-fetched today but, it always starts with a first step. Australia has achieved it. Changing the perspective of the industry that hones value to specialised skillsets accompanied with credibility and integrity may be the foundation for changing views.
In addition to the current manpower shortage, supply chains also face disruption and raw material fluctuations are by no means creating stability both in pricing and construction time management.
Although we are good in terms of manpower, administration and logistics – this has been a trying time for this industry and its a time that would test the resilience, mettle and strength of direction of the leaders and their teams.