Latest / Your Way Home with Hongbin Jeong
Under the Radar: Behind our flats and apartments – Straits Construction’s COO weighs in on construction woes, company’s focus on public projects; Impact of material costs on bottom lines; Manpower shortages on progress payments; Pre-pandemic contracts; Demand for construction by public sector
Today we’re going to talk about the people behind the flats and apartments we live in – the people building our homes that is. Construction firms, as we know, have been hit by supply chain disruptions and a manpower crunch during the pandemic. While things are looking up as work resumes and supply chain bottlenecks ease, industry players continue to face challenges such as working with pre-pandemic contracts that do not account for higher material costs. So how are construction companies navigating choppy waters, and how are they adjusting their business strategy to remain financially viable?…
The skinny
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