REAL ESTATE INVESTMENT IMPLICATIONS
DEVELOPMENT, CONSTRUCTION AND PROJECT MANAGEMENT IN UNCERTAIN TIMES
- Supply chain disruptions, material shortages, labor restrictions and payment disruptions – how will construction projects move ahead
- 0Impact of the crisis on contractual arrangements between all parties, promoters/sponsors, clients, investors, designers, contractors and others in the supply chain. How are stakeholders engaging and will force majeure be enforced?
- Will project owners suspend or try to terminate construction contracts due to funding or other concerns or will they look to reposition their projects and how?
- Will lenders approve new loans or draws on existing lines of creditor will they restrict access to such funds / seek further security before extending credit?
- Impact on obtaining project approvals, acquiring necessary permits etc how will the municipalities adjust?