The Current Impact 

 COVID-19 is having a massive impact on construction projects, but the legal

implications vary from country to country, and contract to contract. 

At this stage, COVID-19 is not, broadly speaking, rendering projects altogether

impossible to complete. But it is slowing them down, causing delay and disruption, even
if only because supply chains have been severally disrupted. Many projects have even
stopped, usually with the intention to resume work at a later date.
the construction industry has generally not been the subject of ordered shutdowns. This
is for a number of reasons, including:

 The importance of the continuation, if possible, of construction and

infrastructure projects; and

 The fact that the health and safety risks of COVID-19 vary from project to
project.

The entire economy has been hit hard by the unexpected outbreak of the novel coronavirus,
or COVID-19. Reports seem to suggest that the stock markets are falling faster than during
the Wall Street Crash, and supply chains worldwide have been majorly disrupted.

Positive and negative economic impacts. The COVID-19

outbreak is expected to bring several long-lasting and short-term
negative consequences. Simonson said these may include disruptions
to work or cancelled projects; potentially less demand for “non-
essential” projects like offices, entertainment, and sports facilities;
reduced/missed payments by owners; and a slow economic rebound
across many industries. On the positive side, Simonson cited selected
new projects to respond to the crisis, like healthcare and lodging;
substantial price reductions for commodities like fuel; and a slow
rebound for commodity prices.