IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY

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Chapter 4 Summary

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The directors of a property company are looking at whether they shouldconstruct a new office building. The economy is doing well, and the amount ofvacant office space is reducing sharply. As part of their decision they decide to use the 6 Thinking Hats te

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IMPACT OF COVID-19 ON CONSTRUCTION INDUSTRY

In some countries public construction works continued their operations

This can lead to further spread of the virus among workers

Risk aversion on the part of the private investor

Construction investors

The stopped works represent an economic expense for investors

This implies high costs to resume the works and greater delays in their completion

There is a lower execution of projects and a drop in productive activity

Some countries have adopted fiscal and financial measures aimed at companies in the construction sector

World economic recession

World productive activity

It has affected thousands of works in the world

Suspencion of works as a consecuence families whitout economic income

Annual royal fall of 5%