Impact of Unforeseeable Market Delays and Costs
Over the last number of weeks, we have sought to bring together a range of information to highlight the challenges members are currently facing with respect to unforeseeable market delays and costs.
To this end, we have this week issued a letter to all Clients/CoPEs as well as the relevant Northern Ireland Executive Ministers.
In this, we have sought to draw to their attention the extraordinary pressures being borne by contractors in the current market conditions where there are significant material shortages and rapidly rising prices.
On the back of the evidence presented, CEF is calling on all publicly funded clients to engage with contractors and with us to discuss options to mitigate this product availability and cost phenomenon that threatens in short order to destabilise the construction sector and lead to business failures and aborted/halted work programmes.