Features of risk management in the construction industry in a pandemic with limited use of transport

Abstract

The article highlights the main risks faced by construction companies in a pandemic with limited use of transport. At the same time, one of the significant leaps in the development of companies is updating information technologies that require a new approach with limited possible information transfer between employees. So an important factor in the impact of crisis is the work of office workers on remote access. The article presents the testing of proposed recommendations for evaluating workers in terms of reliability and risk tolerance in a construction company. The results of testing recommendations reflect the possibility or need to restrict access to important documents of company’s internal information environment.

Exploring the Impact of COVID-19 on the United States Construction Industry: Challenges and Opportunities

“…During the lockdown period, managing project teams working from home became challenging [27]. Minnullina et al [58] suggested that revisiting management decisions plays a critical role in minimizing risks in terms of enhancing employee reliability. The interviewees also mentioned that COVID-19 has already changed many things at the workplaces.…”

“…For example, project executors have tried to reduce the workforce on site while supporting remote work for certain processes. However, the remote working method causes the personnel to slow down [58]. Jallow et al [27] indicated that management, communication, health and safety are the most important factors for current workforce protection.…”

“…Due to COVID-19, supply chains are disrupted for many industries [29]. The pandemic has brought risks such as delays in material delivery and shortage of construction materials and supplies [28], [58]. Turner construction reported that supply chain disruptions are at unprecedented levels for the fourth quarter of 2021 [59].…”

“…During the pandemic, companies had to use digital tools to communicate due to constraints like remote working [27], [41], [45]. Because of this, communication tools are constantly being developed [58]. Like many companies, for instance, AECOM informed and updated their employees regularly via email and videoconferences [56].…”

Analysis Of The Impact Of Digital Technologies On Economic Relations In Society

“…Simple access to the market of services through Internet platforms leads to the destruction of traditional business schemes, which include a large number of intermediaries. Minnullina et al (2020) believe that intermediaries' withdrawal from business can lead to a decrease in the number of economic entities that also used to bring income to the state, to financial losses in industries with a traditional model because they do not withstand competition. Besides, the number of unemployed grows and there is an increase in sales of prohibited goods and low-quality goods.…”