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Like the rest of the world, COVID-19 has had a rippling effect on Singapore’s construction costs. While construction activity remains low, tender prices are expected to increase as the market responds to the new COVID-19 safe re-start measures, supply chain disruption and continuing labour shortages.
As the construction industry adapts to COVID-19’s perfect storm of change – with its challenges and threats – two things are already apparent.
As the construction industry adapts to COVID-19’s perfect storm of change – with its challenges and threats – two things are already apparent.
The need for faster delivery of research & development (R&D), manufacturing facilities and pharmaceuticals is a constant trend in life sciences.
Construction activity and momentum remained strong over Q1, however, the full impact of COVID-19 on the construction industry became apparent in Q2.
The COVID-19 pandemic has hit the UK economy with the force of a once-in-a-generation, perfect storm.