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Main Causes of Construction Company Failure - Coggle Diagram
Main Causes of Construction Company Failure
COVID-19
Increased Lead Times
may cause
Project Delays
Reduced Quality
Time Pressures
Isolation and Quarantine Measures
Increased Sick Days
Will Lead to
Reduced Workforce
Reduced Material Supply
Leads to
Social Distancing
Work From Home
Reduced Productivity
Online Meetings
Reduced Capacity on Sites
Increased PPE
Increase Business Expenditure
Will Result In
Goods Import Delays
Tendering Process
Lowered Profit Margins
May lead to
Increased Competitiveness
Increased Risk
Lowered Contingency
Pricing for Future Markets
Difficult to Estimate
Material Prices
Rapid Inflation on Materials
Reduced Profit
Changes in design
Reduced Quality of Materials
Unpredictable Prices
Due to
Availability of Resources
Labour Shortages
Higher Demand for Labour
Increased Demand
Weather Delays
Variation Orders
Material Shortages
Business Model
Poor Financial Decisions
Loss of Profit
Reduced Tender Prices
Increases the risk of
Reduced Demand for Services
Public-Private Partnerships