Check out our latest blog posts, which provide commentary and opinions on issues and trends in the construction and contracting industry.
Minimum pay rates for construction site workers will increase by 6% in a two-year deal. The Construction Industry Joint Council (CIJC) Working Rule Agreement comes into effect on 25th June. Negotiated by construction unions Unite and GMB, the new deal affects more than 400,000 construction workers and will see their basic pay rates rise by […]
Construction costs in the capital are set to rise by 2.8% this year alongside cooling tendering activity, according to a new study by Turner & Townsend. The quantity surveying firm’s International Construction Market Survey 2018 states that, while global construction volume is increasing, there is an overall reduction in the UK. London continues to push […]
In the construction industry, a new study showed that many companies are still failing to keep up with the latest technology and relying on outdated methods which can impede growth, slow up projects and, at worst, harm profits. As Eque2 experienced during its participation in the recent CIOB programme on ‘Remastering the Future’, there is […]
Increased output is reported in construction markets across the UK, contradicting general Brexit fears, and the more traditional method of single-stage tendering is increasing in popularity, which highlights the need for estimating software. According to Turner & Townsend’s UK Market Intelligence Q1 2018 report, several ‘regional hotspots’ have seen an increase in construction output despite […]
For SMEs, finding construction-specific accounting software that suits your business can be challenging. Eque2’s Construct Express is the ideal first step into construction-specific software, allowing you to run your business more efficiently, productively and proactively, without any complicated switchover or new systems to learn. We’re developing resources to introduce those unfamiliar with our products to […]
New measures announced by the government to tackle the housing crisis are set to unlock thousands of homes. Nearly £300m in funding is being invested to deliver much-needed homes in Greater Manchester, the West of England and Oxfordshire, Housing Secretary Sajid Javid confirmed. This funding follows a flurry of recent investments across the UK as […]
The latest Economic and Construction Market Review from construction intelligence service Barbour ABI indicates a promising increase in the number of contracts awarded in January 2018. The value of new contracts awarded in the first month of the year reached £5.4bn (based on a three-month rolling average), 11.6% higher than December 2017, again showing promising […]
A report from the Construction Industry Training Board (CITB) predicts more than 150,000 UK construction jobs will be created in the next five years. Released in light of data indicating a stagnant building industry in January and the recent house building slump, the report forecasts 1.3% annual growth for construction output. The 158,000 jobs anticipated […]
Neil Burke Joinery (NBJ), specialise in the manufacture of High Quality Specialist Bespoke Joinery and Cabinetry. Established in 1982 they have the knowledge and expertise to carry out both residential and commercial projects. Below Sharon Burke, Director at NBJ has given us some insight on how to start and maintain a successful construction business. […]
Keep your margins on track alongside Sage. With economic uncertainty driving up tender prices throughout 2018, it’s more important than ever for subcontractors to closely monitor margins on every job, so that they can easily track costs and identify when a project is likely to go over budget to avoid unexpected expenditure. Here we look […]
Late payments are having a crippling effect on small- to medium-size construction businesses crucial to the sector’s future. According to the National Federation of Builders (NFB), public sector clients, even including central government, simply do not pay on time. This leaves regional contractors and SMEs, often subcontracted via larger construction companies, facing retention payments of […]
A new national housing agency, intended to secure land in desirable areas and support smaller, more innovative housebuilders, has been launched, replacing the Homes and Communities Agency. Homes England will play “a major role” in delivering around 300,000 homes a year by the mid-2020s, according to Communities Secretary Sajid David. The Chief Executive of Homes […]
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