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Saturday, May 25, 2024

Kanat Sultanbekov- Effects of The Pandemic on Commercial Construction

No one predicted the advent and the reach of the coronavirus pandemic worldwide and its impact on the commercial construction sector. It has introduced drastic changes to the operations and the implementation of the industry, along with disruptions to the supply chain. Safety on the construction site is paramount as contractors in this industry concentrate on stopping the spread of the Covid-19 infection. 

Kanat Sultanbekovan expert, speaks on the pandemic

Kanat Sultanbekov is an experienced construction project manager, and according to him, financial standing plays a significant role in construction projects, and even during the pandemic, this was no different. There were unforeseen delays, mainly when it emerged in the year’s first quarter. With time, things changed, and contractors began to embrace new practices to ensure their workers were safe during these challenging times. 

Safer job sites in the pandemic era 

With the arrival of COVID-19, the commercial industry was challenged to a large extent to assess their project protocols for safety and hygiene. Commercial job sites have many workers in one place at the same time. Hence, contractors need to evaluate the practices that have been incorporated so that they can be carried forward in the future without the risks of infections. 

Stakeholders have started re-evaluating the allocation of risks for the project and its contracts. Contractors are now more selective when choosing the jobs they have bid for, the conditions they want to accept, and the partners they are willing to work with. This was a trend that was prevalent even before the pandemic struck. However, it gained a lot of prominences even in the post-pandemic era. 

Impact on the supply chain management in commercial construction projects 

During the pandemic’s initial months, several contractors could not get basic materials like cement, sand, and bricks. Along with this, they also were suffering from shortages in labor. For several contractors, payments to the suppliers early are critical, and this trend will persist in the post-pandemic era. Smaller contractors cannot carry risks, so it is prudent to pay them in advance so that challenges in cash flow are mobilized faster. Here there are practices like “reverse factoring,” where larger companies enter into arrangements with third-party financers to pay the suppliers’ bills in advance for a fee, which can be reassessed in the future. 

The need for re-evaluating supply chains in the post-pandemic era 

According to Kanat Sultanbekov, there are some companies where contractors will re-evaluate their supply chains to reduce any interruptions in the future. As stated above, some companies contract with many smaller organizations to ensure the materials reach the site in time.  In a bid to save costs, some companies bring their suppliers closer to home, which is why they create a supply chain that is adaptable to engage other suppliers for contractors in the post-pandemic period. Unless you follow these steps it will be difficult to achieve the desired results. Are you willing to try them out? What are you waiting for?

Ahsan Khan
Ahsan Khan
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