Not all of the current changes will be permanent, but the system that emerges from three years of pandemic will have a deep bearing on the industry.
– and triggered the collapse of a string of large and small builders, are also prompting a shift in risk allocation between builders and their clients.
But the pushback – in contrast to past practice of taking on risks such as cyclones – was a part of an emerging trend in the face of increasingly unpredictable catastrophic weather events that could leave some owners or principals exposed, he told“We’ve seen more consistency in terms of contractors pushing back in the last 12 months.“
“Quite often, our skills and experience are being utilised to try and help a client make the project stack up and go,” he said. on Tuesday showed – not to mention the thousands of subcontractors left with little protection in the payments chain when a head contractor fails., the chief executive of publicly listed financier Qualitas.
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