Check out our latest blog posts, which provide commentary and opinions on issues and trends in the construction and contracting industry.
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 […]
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industry, a new study showed that many companies are still failing to keep up with the latest technology and relying on outdated methods which can impede growth, slow up projects and, at worst, harm profits.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 […]
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 […]
Running a construction business is a complicated, multi-faceted process requiring huge amounts of organisation across people, places and products. With this in mind, as well as the current climate of economic uncertainty, it’s more important than ever before to ensure your construction accounting software is up to the job. The key to a successful construction […]
Construction workloads are on the rise, according to the latest RICS UK Construction and Infrastructure Market Survey. 27% of respondents, up from 18% in the last quarter, reported an increase in total workloads, despite concerns that Brexit could slow down activity. The report also highlights the shortage of skilled labour and its impact on industry […]
The North/South divide in UK construction costs is closing, according to Turner & Townsend’s International Construction Market Survey 2017. The research, which examines 43 construction markets around the world, reveals the average construction cost per square metre. But while construction cost inflation in the South of England is set to fall from 3.5% to 2%, […]
The construction industry is facing a critical skills shortage – but digital construction processes offer opportunities to maximise the potential of your existing workforce and stave
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