COVID- 19 is now a popular name for all of us. We all are concerned about the global crisis that has been raised due to this pandemic. There is a noticeable impact in many industries, the construction company is not different than those. There is a need to adopt new methods of working with prior preparation.
Measures to be taken care to succeed in this situation
Now, have a look at what measures can be taken by a construction sector to succeed in this situation.
1. Manage Resources Wisely
Resources can be a big issue at this time, as transport is not fully available in many areas. Track the availability of resources every day and inform quickly before the shortage.
2. Be Safe
The most important step of every construction sector should be to safe. You should take proper precautions for employees. Construction work is not performed with social distance. But you have to take steps of safety measures. Staff should be instructed to be clean and disinfect the things that they touch frequently.
3. Give Proper Guidance to your Team
Create a coordination response team. The work of this team is to monitor COVID-19 developments, to share information with staff. Open a page in the company’s portal and regularly update the information which will help the employees.
4. Communicate Properly
Communicate with your employees, customers, and suppliers. Regularly give updated messages about the progress of the work. Discuss with them openly. In this situation scarcity of manpower and materials is natural. As a result, projects can be delayed. State the reason for them clearly.
5. Contact Suppliers
Suppliers are an integral part of the construction business. So, contact with them frequently. Ask them for the timely delivery of materials. Try to pay them as scheduled. If you can’t pay them due to a shortage of cash, at least inform them earlier.
6. Documentation
Go digital. Make all the data related to the project secured. This economic down storm is not permanent. Keep everything in order.
7. Cost Control
Immediately focus on cost control. Cut up the unnecessary expenses. It will improve your cash flows. Postpone the purchases which are not essential. Try to exempt from any big purchase for at least 3-5 months. Monitor the account regularly.
8. Revise Job Rules
Try to introduce shift systems in sites. Social distance should be maintained. Try to avoid in-person meetings, gathering in a small place, sharing foods. Increase the availability of hand wash, proper sanitization.
9. Be Available
Client’s satisfaction is the top priority in any construction project. Try to be available to your clients. Give responses to their queries and try to give them solutions. In this way, they will recommend you to their friend and will hire you for the future. It will help in long term success.
10. Analyse Cash Flow
Arrange a cash flow plan. It will help to see how much cash you need to run the projects. It must be updated at the beginning and end of every week. Without proper cash flow planning, you can’t recover in this pandemic situation.
11. Prepare for Future Time
This is not a permanent situation. COVID -19 will end one day, and we will get back to our normal lives. Like many other sectors construction sector will undergo a prolonged downturn. Artificial intelligence, software systems will evolve the construction business. In future construction, industries require talents with different skills. Manual labour and mechanical technologies are the main ingredients of the construction sector, but due to this COVID- 19 pandemic new technologies are introduced slowly in this business.
All Businesses are struggling to be accustomed to the COVID- 19 pandemic situation. Delays in projects, loss of cash all are natural in this situation. Right Project planning and skilful management will improve the situation.