Costs from unexpected supply chain disruptions and labour shortages are higher in Australia than many other countries and cast a cloud over the viability of projects – particularly renewable energy work – in the country’s $113 billion infrastructure pipeline, software company InEight says.
As many as 71 per cent of Australian respondents said those unmanageable risks had the biggest impact on project timelines and budgets, a higher response than the 59 per cent global average in InEight’s 2023 survey of 300 companies around the world.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
