Likely impacts that Hurricane Irma will have on South Florida’s construction industry include:
- Strain on availability of construction materials, resulting in increased construction costs. (Does your contract have an escalation clause?)
- Additional strain on availability of qualified labor
- Delays in contractor availability to perform work, as contractors (especially roofing contractors) dry-in as many buildings as possible with follow-on repair and installation work being performed as resources become available
- Increased presence of unlicensed contractors
- Claims of property damage resulting from contractors and subs failing to secure their work
For a great article on the financial impact, published today by Mark Buckshon in Florida Construction News, see: Hurricane Irma recovery: Will $100 billion in business flow to Florida’s construction industry in the next 18 months?
Let us hear from you. What other impacts do you anticipate or have you already seen?