FIRST Q RESPONSE TO COVID 19
HOW IS YOUR BUSINESS COPING WITH THE COVID 19 CRISIS?
Range from all OK, to reducing salaries
Some efficiency issues especially in BIM
Projecting invoicing /cashflow
Good VC touch points vs VC fatigue
Online fitness and social nights.
IS YOUR COUNTRY ON FULL, PARTIAL OR NO LOCKDOWN?
Most partial or near full lockdowns
For a lot, people can still travel to work
All cannot travel outside their own regions.
ARE CONSTRUCTION SITES STILL IN OPERATION?
Where closed, its except COVID 19 Projects
Where open, shortage of PPE has some shut sites
IS THERE OBVIOUS SUPPLY CHAIN OR LABOUR DISRUPTIONS?
Difficulties with travel restrictions
Major disruptions when a worker contracts COVID 19
Difficulties to enforce the 2m distance rule
Live / work villages on site for operatives (UK)
HAVE YOUR CLIENTS PUT PROJECTS ON HOLD?
Projects at design stage are continuing
Concern over pipeline projects
Concern over financing on some projects
‘Spinning wheels’ concerns
Some Data Centre clients more aggressive
HAVE YOU BEEN ABLE TO AGREE A ‘RETAINER FEE’ FOR PROJECTS PUT ON HOLD?
All consultants are unable to agree a retainer fee for projects on hold.
But they like the idea…
HAVE YOU APPLIED AN EMPLOYMENT FREEZE FOR ANY NEW RECRUITS?
10 out of the 13 countries consultants have applied some form of an employment freeze.
HAVE YOU HAD TO TEMPORARY LAY STAFF OFF, REDUCE SALARIES ETC.?
Most have not, but contingency planning
Worst hit company – 40% of their staff TLO, 60% of staff 40% reduction
ARE THERE GOVERNMENT SUPPORTS FOR YOUR BUSINESS IN PLACE?
Most to subsidise the company for not laying off
Plus postponement of tax, guaranteed loans, hols.
Investment in public infrastructure projects at this time.
CAN YOU SEE OPPORTUNITIES THAT MAY ARISE?
Take experience staff off TLO competitors
Mix remote and office working post Covid 19
Less real estate needed for staff but “smart office”
HVAC – if contamination via aerosol proven
Easier to set up satellite offices
Datacentre, healthcare, pharma & logistics projects