• Safer Highways

Construction leaders launch Covid-19 cost forecasting tool

The Construction Leadership Council has launched a tool to help contractors assess the impact and forecast site costs from new Covid-19 safe working arrangements.


The new toolkit arms contractors with a standard methodology that sets out cost implications of restricted working that allows clients to compare potential outturn costs against previous expectations.

This should also help clients to make informed investment decisions on viability, improving robustness of pipeline and driving long term economic growth.



The CLC said the unprecedented nature of the pandemic was affecting the progress and productivity of existing and future contracts, meaning that the information upon which estimates were usually prepared no longer applied.

Simon Rawlinson, Chair of the Professional Practice Task Group said: “The Cost Assessment Toolkit will help the construction industry manage the impact of Covid-19 on existing and future contracts.



“It establishes a standard methodology to incorporate the cost impacts of the virus into estimates, provides clarity on exclusions and through the collection of industry-wide data allows clients and supply chains to compare their project costs against an aggregated data set.

“By providing the tools to measure and therefore improve productivity, the toolkit acts as a guide to ascertain and assess project risks and establish viability for the long term.”


Download all the Toolkit documents:

COVID-19 Cost ssessment Toolkit

Covid Cost Assessment Tool – Appendix A


Originally published on: https://www.constructionenquirer.com/2020/07/22/construction-leaders-launch-covid-19-cost-forecasting-tool/

by: Aaron Morby

22 views0 comments

Recent Blog Posts

NEWS AND UPDATES

© 2022 SAFER HIGHWAYS. CREATED BY LVE THT.

CONTACT

Safer Highways

SO Media Group

71-75 Shelton Street

London

WC2H 9JQ

MENU

Privacy Policy
Cookie Policy
Terms

SIGN UP TO OUR NEWSLETTER

Thanks for subscribing - We respect your privacy.

SOCIALS

  • LinkedIn
  • Instagram

CONTACT US

Thanks for submitting - We will be in touch shortly.

SIGN UP TO OUR NEWSLETTER

Thanks for subscribing - We respect your privacy.

© 2021 SAFER HIGHWAYS. CREATED BY LVETHT.

  • LinkedIn
  • Instagram