As Australia’s construction industry faces an opportunity of a lifetime by way of record investment, cost inflation is simultaneously climbing across all categories, and lost time from floods and COVID has squeezed already tight margins.
However, the abundance of work means the industry has a moment to recalibrate old ways of working, not least how contracts between clients and contractors are drawn-up, how risk is allocated and managed upstream and downstream, and to reassess cultural standards and priorities.
In this fireside chat, Alison Mirams, CEO at Roberts Co, sits down with Guy Saxelby, CEO & Co-founder at Earlytrade for a fireside chat centred around solutions that are in the market now and the consequences of inaction.
Timestamps:
0:10: State of the construction industry in Australia today
2:25: Why does the industry contract the way it does?
5:28: Dire consequences of inaction
9:19: War stories from the Probuild acquisition
15:16: Collateral damage from a portfolio approach to risk
17:28: Collaborative contracting: what are the solutions?
20:59: Sustainable profitability and contech investment needs
26:21: Supply chain liquidity and mental health
'Where’s the collaboration in construction?' From liquidity to mental health