While we continue to move safely to reopen the economy after the initial coronavirus pandemic, construction business owners should keep in mind the possibility of a second wave of the virus. A recent article for Construction Dive offers the following tips for how construction organizations can make preparations for a second round of COVID-19:
- Establish strong safety protocols that allow your team to keep working while protecting them from exposure to the virus.
- Employ new technology that enhances your team’s ability to operate in spite of new restrictions and measures.
- Encourage remote work whenever possible for those team members whose duties make it feasible.
- Consider the legal implications of the coronavirus. Consider adding provisions to contracts to protect your organization, your subcontractors, and your clients.
- Consider the insurance implications of reopening, especially regarding workers’ compensation and general liability. Take the time to understand the rules of your city and state and the implications that they have on your organization.
- Seek to gain a strong financial footing using budgeting and cash forecasting. Make contingency plans for the various possible situations that you can foresee.
For further details, click here to read the article in full at Construction Dive.
