Mitigating risk in TIMES OF UNCERTAINTY

Welcome to our Covid-19 Recovery Hub. We have pulled together the key ways we can help you mitigate your construction and property-related risks and manage the threat of programme delays, financial distress and insolvencies which will, unfortunately, be linked to this pandemic.

Mitigating risk

We expect to be measured on the successful outcomes we help you achieve and have thought carefully about how we can best equip you to mitigate risk, make informed decisions and act quickly. Like you, we are hoping for the best and planning for the worst and we appreciate the current challenges are significant:

• The safety of employees and site operatives is paramount, meaning that Health and Safety requirements on site will be far more critical and complex than under normal circumstances
• Continually working under these pandemic-related constraints is likely to result in delays, disruption and prolongation costs which will lead to contractual conflict between Contractors and Employers
• As with all previous recessions, there will be those who benefit and, unfortunately, the casualties, who most typically will run out of cash. In the coming months (and possibly years), we expect to see more Employers, Contractors, and supply chains getting into financial difficulties and in some cases resulting in insolvency.

In response, we have set up dedicated support services and resources across the key areas of Covid-19 Health and Safety Support, Legal Hub and Project Rescue and Recovery.

Irrespective of the status of your project, RLF Partners will be there throughout to help you mitigate risk.

Thank you and best wishes,