Check out our latest blog posts, which provide commentary and opinions on issues and trends in the construction and contracting industry.
A quarterly survey by the Construction Products Association (CPA) reports general growth in the construction industry, but sends a warning over rising costs. Following a weather-related boost to activity in the second quarter, most of the construction industry experienced growth in Q3 of 2018, according to The CPA’s Construction Trade Survey. During this quarter, 27% […]
Latest figures from The Builders’ Conference show that the total value of new construction contracts awarded in the UK in September reached the highest monthly total for more than a year. The construction trade association and market intelligence provider reported a total of £5.84bn in new contract awards in data derived from its unique league […]
An industry report has found that an astonishing £2.8bn in bad debts are written off each year by subcontractors due to non-payment – we look at how construction accounting software could help. The study, conducted by Bibby Financial Services and The Vinden Partnership, surveyed 250 UK contractors across a variety of trades to answer questions […]
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 […]
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 […]
The Federation of Master Builders (FMB) has released its latest State of Trade Survey, with results indicating a poor end to the year for smaller construction firms in London. We’re seeing a number of contractors review how technology can help them to stay ahead, monitor margins closely and streamline manual processes. The survey, the only […]
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