Abstract
2020 is a special year, this year the world’s economy has become
extremely unstable because of the arrival of COVID-19. Idiosyncratic
shocks have hit the global economy. The stock market has suspended,
companies have closed, unemployment has soared, every industry
has faced the biggest crisis since the Second World War. The British
construction industry is certainly no exception. This time it will be
the victim of this epidemic and the financial crisis. Compared with
the European and American countries, the impact of the epidemic in
Asia (Malaysia and China) is relatively light. The development of the
epidemic situation in these countries has been controlled relatively
effectively and strictly controlled. They are inextricably linked. However,
the impact of construction projects in any area under the epidemic, the
countermeasures adopted by the government, the epidemic prevention
measures adopted by the company and the risk prevention strategy are
very different. Therefore, under different circumstances, whether it is
from the construction industry managers themselves or government
policymakers, it is essential to apply correct and valid management
measures to face the projects under construction under the epidemic
actively. Simultaneously, collect statistics from questionnaire surveys
of three countries in the region, then get an experimental result.
Besides, different countries have different policies and forms of epidemic
development. So, this research will summarize the corresponding policies
and coping strategies of the project. It based on statistics of Malaysia
and Chinese construction Projects, surveys for five projects to make
comparisons than do statistics to the survey result.
extremely unstable because of the arrival of COVID-19. Idiosyncratic
shocks have hit the global economy. The stock market has suspended,
companies have closed, unemployment has soared, every industry
has faced the biggest crisis since the Second World War. The British
construction industry is certainly no exception. This time it will be
the victim of this epidemic and the financial crisis. Compared with
the European and American countries, the impact of the epidemic in
Asia (Malaysia and China) is relatively light. The development of the
epidemic situation in these countries has been controlled relatively
effectively and strictly controlled. They are inextricably linked. However,
the impact of construction projects in any area under the epidemic, the
countermeasures adopted by the government, the epidemic prevention
measures adopted by the company and the risk prevention strategy are
very different. Therefore, under different circumstances, whether it is
from the construction industry managers themselves or government
policymakers, it is essential to apply correct and valid management
measures to face the projects under construction under the epidemic
actively. Simultaneously, collect statistics from questionnaire surveys
of three countries in the region, then get an experimental result.
Besides, different countries have different policies and forms of epidemic
development. So, this research will summarize the corresponding policies
and coping strategies of the project. It based on statistics of Malaysia
and Chinese construction Projects, surveys for five projects to make
comparisons than do statistics to the survey result.
Original language | English |
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Pages (from-to) | 17-26 |
Number of pages | 10 |
Journal | Journal of Advanced Research in Civil and Environmental Engineering |
Volume | 7 |
Issue number | 3&4 |
DOIs | |
Publication status | Published - 2 Feb 2021 |
Keywords
- Construction Project
- COVID-19
- Management
- Financial crisis
- Social
- UK
- Malaysia
- China