Laing O’Rourke has overhauled its data management system ahead of the looming General Data Protection Regulation (GDPR), which come into effect in May.
The regulation will have a significant impact on the construction industry, affecting “everything from BIM models to supply chain databases”, according to Assad Maqbool, a partner at law firm Trowers & Hamlins.
“Data is a core asset to any construction industry provider, but it must be managed and protected to the required standard under the new regulatory obligations,” he said. “Breaches will attract fines of up to 4% of annual worldwide turnover, or €20m (£17.6m), whichever is highest. The GDPR represents a very significant commercial risk and should be treated accordingly.”
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