In a groundbreaking week for all of us, there've been some interesting things to talk about...:
Singapore provides an incredible project lifeline to contractors.
What does a Biden Presidency mean for construction in the USA?
The North leads the way for construction recovery in England.
Bill to Extend Construction Deadlines in Singapore
Singapore's government has passed groundbreaking legislation to allow all construction deadlines between developers and main contractors to be extended by four months as a result of Covid-19.
The Bill is sure to provide relief to contractors, though the impacts on developers are as yet unknown. There is sure to be pain for some developers though as, if the extensions lead to homebuyers needing to rent for a longer period, developers may be required to reimburse the unplanned rent.
"The built environment value chain is very much interconnected, and the impact to our construction sector has a cascading effect on the entire value chain. We need to provide further support to the built environment sector so that no one segment of the value chain bears a disproportionate portion of the burden." Desmond Lee, National Development Minister.
Part of the Bill involves a universal extension of the duration of construction contracts, to account for work stoppages of two months due to the circuit breaker period. Delays of at least two months for health authorities to clear Covid-19 from dormitories of migrant workers are also accounted for within the Bill.
Today Online carries the full story.
What a Biden Presidency Means for Construction in the USA
After a tense week of exit polls and scenario-forecasting, Joe Biden was finally named as President-elect on Saturday. With his appointment, a series of new opportunities and challenges will arise for Contractors across the US.
Among other areas, Biden's campaign has centred on ceasing to build the infamous border wall with Mexico, pumping $2 trillion into new infrastructure and energy projects, and making companies more accountable for emissions.
"Everyone will be challenged to buy American in terms of material. Disadvantage Business Enterprise [DBE] project labor agreements and those kind of programs will get tougher." Jay Hansen, executive vice president for advocacy at the National Asphalt Pavement Association
Check out Construction Dive to see what could be in store for contractors under President Biden.
Good News for Construction in the North of England
If you're looking for signs of recovery in England's construction industry, you should be looking way north of London, so says the RICS. In its North of England Construction and Infrastructure Survey, the RICS revealed the North has experienced a 4% rise in workloads in the third quarter of 2020, contrasting with a 38% fall in workloads in Q2. The North was the only region in England to see an increase.
Results from the survey suggest that infrastructure and industrial development are expected to lead the construction sector's recovery in 2021, with 35% more respondents expecting workloads to rise.
Anticipated changes to the planning system, planned government spending on infrastructure schemes as well as the stamp duty holiday look likely to support growth in activity. Business Live
You can read Business Live's full story, here.
Read the statement from our Founder, Rob Barratt, on how Quantitiv is supporting the UK's construction industry.