Builders seek force majeure advice as COVID-19 causes labor crunch

Submitted By:  Shaina Teope Case Study:  No Singapore has $20-$24b of building projects in the pipeline. Singapore construction firms are asking for advice on invoking force majeure clauses in building contracts as firms face staff shortages over the COVID-19 outbreak, said a report by Reuters. Singapore has an estimated $20-$24b of public and private sector building projects in the works in 2020, and any large impact on the sector, which is highly dependent on foreign labor, could help push the economy into recession. read more