Playing it safe: Frameworks can steady construction’s ship amid choppy waters
AI Article Summary
Simon Toplass, chief executive at Pagabo, highlights the current challenges faced by the construction industry such as tightening finances, continued insolvencies, and a persistent skills shortage. These factors have led to a decreased risk appetite among contractors and consultants. With the Autumn Budget approaching, the sector is preparing to navigate potential financial constraints.
What This Means for Canadian Contractors
This shows how risk management frameworks could benefit Canadian contractors facing similar challenges with financial constraints and labor shortages. For Canadian builders, this means placing greater emphasis on developing frameworks that stabilize projects and manage risks linked to funding and labor. Collaborating closely with policymakers during budget periods could mitigate potential delays and financial pressures.
