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% […]
This year’s Autumn Budget was released earlier than usual due to Brexit negotiations and is set to have a significant impact on the construction industry. Overall, the UK’s final Budget as an EU member promises greater investment in the construction industry, bringing welcome news to many companies involved either in minor works or major development […]
Digital technology can transform the construction industry, but only if the sector is equipped with the right skills and knowledge, according to a new report. Unlocking Construction’s Digital future: A Skills Plan for Industry by the Construction Industry Training Board (CITB) shows how modern technologies can increase productivity and increase efficiency. Furthermore, the report warns […]
Over the past decade, the role of the estimator in construction projects has evolved to incorporate wearing more hats which can, at times, eclipse ‘traditional’ duties. Estimators today are more collaborative in style and often have to utilise project management skills, which in turn have a greater impact on project costs and quality. Successful estimators […]
Construction output in the UK is forecast to hit 2.3% growth in 2019 despite a slight dip of 0.6% this year. The positive forecast from economists at the Construction Products Association is coupled with the expectation that growth will expand by nearly 2% in 2020. This will come as good news for civil contractors and […]
The construction industry saw a substantial increase in plant sales in the second quarter of 2018, reports the Construction Index. According to industry tradition, UK construction equipment sales tend to peak in the second quarter of the year and decline in the fourth. The positive news is that the number of construction and earthmoving machinery […]
Enterprise resource planning (ERP) has been transforming the tech strategy of nearly every industry in recent years but, as our previous blogs have acknowledged, the construction industry is yet to make the most of the tech revolution. A recent survey of over 300 global organisations found that construction companies will be more likely (84%) to […]
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 […]
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 […]
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 […]
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