Academy of Advanced Learning reposted this
In Australia’s building industry, professionals face unique pressures. While tradesmen skillfully construct buildings, the broader environment constantly shifts in unpredictable ways. Builders have endured it all—from the introduction of the GST and the collapse of insurance giant HIH to the reverberations of the 9/11 attacks, Bali bombings, and financial crises like the GFC. Each event brings new challenges, yet builders are expected to foresee and adapt without impacting the consumer. Builders are like the "ultimate actuaries" of the construction world, tasked with absorbing economic shocks while bound by fixed-price contracts required by lending institutions. Recent events, such as COVID-19 and government incentives that fueled an already overheated market, have only added to their burden. But somehow, despite weathering these economic storms, builders are still expected to have anticipated everything. As professionals, builders absorb risk, allowing consumers to benefit from the certainty of price and delivery. Next time you see a construction site, remember that it’s not just a physical structure coming together, but also a testament to builders navigating a world of unexpected events—all while keeping projects on track, often at great personal and financial cost. It’s time we recognize the immense skill and resilience that goes into every brick laid and every beam raised. https://lnkd.in/g7TZG8Bg