As most of the country is currently in lockdown and Victoria has been plunged into its 6th since the inception of the pandemic, the effects this is having on the construction industry is set to tip industry costs to close to $500m a day. With major building jobs being limited to 25 per cent of their usual workforce on site, while smaller projects will have a cap of just five people on the job at a time, as part of the raft of tighter restrictions in force from midnight.
The Master Builders Association of Victoria says tens of thousands of construction workers will be stood down, with the loss of up to $63 million a day in wages, while about $455 million in revenue will be lost daily to the industry more broadly.
To read all the information in this article provided by The Age click on the link below: https://www.theage.com.au/national/victoria/wrecking-ball-construction-lockout-tipped-to-cost-500m-a-day-20210816-p58j7r.html