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% […]
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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 […]
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 […]
In an industry facing economic uncertainty, an ageing workforce and a revolutionary onset of technological innovation, pioneering firms are using digital construction methods to boost profit margins, changing the way the industry as a whole delivers projects. Better connected Connecting the back office and site staff has long been a stumbling block for construction companies, […]
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 […]
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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 […]
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 […]
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