Webinar: Effects of Disruption on Construction Procurement (Recording Option)

This webinar will explore the impacts of construction materials shortage in Singapore’s construction industry caused by the COVID-19 pandemic.

The construction industry plays a crucial role in supporting Singapore’s economy. However, throughout 2020 this industry was crippled by the impact of COVID-19. From labour shortages to supply chain disruptions, the industry struggled to keep up with the changes caused by COVID-19, resulting in lengthy delays to existing projects and new developments being put on hold or scrapped.

The Building Construction Authority (BCA) introduced the COVID-19 Temporary Measure Act 2020 (COTMA) to the construction industry in June 2020, which offered relief to the contract parties through the extension of project timeline, co-sharing of qualifying cost and foreign manpower cost.

With the aid of COTMA and the improvement of the COVID-19 situation around the world, the supply chain of construction materials is gradually recovering. However, contractual parties in a construction project will still need to find ways to manage the project’s budget as material costs continue to fluctuate. Planning with Building Information Modelling (BIM) and Design for Manufacturing and Assembly (DfMA) can be adopted to mitigate material costs increase.

The road to recovery for the industry remains a long and difficult one. Industry players will need to be adaptable if they are to prosper.

About the speaker: