Recent highlights from our blog examine the critical issue of risk management in the construction industry.
The UK construction industry can no longer afford not to innovate. Cost pressures and narrowing margins in what is clearly a consolidating market, as pointed out recently by Ernst and Young, highlight the need for increased controls and efficiencies in all areas of activity.
Only by putting the right controls in place can companies deliver the efficiencies and innovations needed to thrive in challenging conditions. In recent weeks, we’ve been looking at the area of control from a number of angles.
Take a look at these posts you may have missed:
REDUCING THE RISK OF EMPLOYING UNRELIABLE SUBCONTRACTORS
When you’re managing subcontractors in construction, there are always risk factors. The time to minimise them starts before you sign the contract.
AVOIDING BAD DEBT THROUGHOUT THE CONSTRUCTION SUPPLY CHAIN
Improving financial management in construction supply chains can mitigate the considerable risks of bad debts. What is the impact of measures such as the Construction Supply Chain Charter
PLANNING PERMISSION APPLICATIONS: LONDON VERSUS THE REST OF THE UK
Planning permission in London results in higher tax yields than elsewhere in the UK due to stamp duty changes. Growth in the regions is uneven, meaning it’s important to identify hotspots.
AVOIDING DISPUTES: MONITORING SUBCONTRACTOR PERFORMANCE
A guide to monitoring subcontractor performance and avoiding problems that can easily crop up.
HOUSE BUILDING SKILLS: ARE TRAINING COLLEGES FIT FOR THE FUTURE?
The government is pledging to increase housing construction in the coming years, but there’s an urgent need to offer more construction skills training to meet this demand.
FINANCIAL PLANNING AROUND THE PLANNING PERMISSION PROCESS
Despite Government attempts to streamline the planning process, construction companies still have little certainty about permission timescales, making financial management in construction more challenging.
If you haven’t already done so, why not complete our UK construction industry survey and help build a nationwide picture of innovation and good practice across the sector. It only takes a few minutes to complete, and we’ll send all respondents a complimentary report of insights and detailed findings in The Constructive Transformation UK Survey Report.
In coming months, we’ll be taking a closer look at the efficiencies that can help construction companies get the most value out of existing resources and move faster to stay ahead of market changes.