The COVID -19 pandemic has already had a massive effect on global economies. Its impact has been unprecedented and there is a degree of uncertainty on almost every facet of daily life.
To read the full text of this post, which seeks to touch upon issues that may affect those in the UK construction industry specifically (though certain elements will no doubt equally apply across other sectors), please visit the Duane Morris Construction Law Blog.
As you have undoubtedly heard, coronavirus disease 2019 (COVID-19) is affecting the global construction industry.
Notably, as of March 17, Boston halted all construction jobs in the city for two weeks due to the COVID-19 pandemic. This decision has affected approximately 21.4 million square feet of new or renovated development across 97 projects. Other municipalities have implemented travel restrictions and shelter-in-place orders requiring individuals to stay at home except as necessary to provide certain essential business and government services. These domestic actions, coupled with tighter border controls and quarantines at the international level, will inevitably result in supply chain disruption and labor force shortages.
To read the full text of this Duane Morris Alert, please visit the firm website.