No matter the construction project or the year, there is always some level of risk involved. However, when you can identify the risks, you can better manage them. Through careful planning, you can become aware of the issues that might arise and be ready to make a decision if that occurs. Keep reading to learn about some of the potential issues we anticipate might become realities in 2021, and then contact Fund Control at 800-625-5972 to learn how Fund Control can be a solution.

Shortages of Labor and Issues with Productivity

As has been true for more than two decades, we can expect to see a shortage of skilled labor in the construction industry. However, in the past, this was due to a lack of people at all – now it is due in part to people not feeling comfortable working with others. The best way to prevent this from being an issue is to install extra safety and social distancing procedures and to make sure potential workers know the steps you are taking to keep people safer.

Increased Risk with Newer Workers

Of course, the only solution to a lack of skilled labor is to hire unskilled labor and train them. The downside to this is that these untested and untrained laborers are more likely to be involved in an accident or to disobey safety protocols compared to more experienced workers. Newer workers are simply not as productive and require extra supervision too.

Safety Issues Might Be Considered

Safety is an issue for any construction project, but with so many new workers and others who are not at their best, it is important that safety issues are considered. It does not do any good to rush through a job with new workers if you take two giant steps back due to injury or accident. Take the time to train people, and you will benefit more overall.

Contractors Are Going to Have to Fund Money for Higher Wages and Benefits

With so many workers choosing not to work, and those who are working facing the potential for serious safety issues, there is just no way around increasing wages and benefits. This is the best way to encourage workers to come back to work and to keep them happy and dedicated to the project. On the flip side, there is an investment required to invest in training, and you want to know that those you are training are going to stick around.

Fund Control Does Not Need to Be an Issue

For those companies involved in the financial end of construction, Fund Control is happy to offer unique software solutions to many of the potential issues coming up. Check out or software online or call us at 800-625-5972 to request a free demo.