Search Results for: construction

August 7, 2013

UK construction and manufacturing buoyant but mixed picture in global property market

by Mark Eltringham • Knowledge, News, Products, Property

There are signs that the UK’s faltering economy is on the road to recovery. Construction activity in the UK jumped sharply in July to hit its highest level in over three years, according to the latest Markit/CIPS survey of purchasing managers. This may have been driven primarily by a surge in house building, but even the recently moribund commercial construction sector saw an increase in activity. However a new report from the Royal Institute of Chartered Surveyors has highlighted that while the UK may have reason to smile, the picture of global commercial property markets is very patchy.

July 24, 2013

RICS reports most positive construction sector activity for six years

by Sara Bean • News, Property

The UK construction sector finally seems to be turning a corner with new projects beginning to rise in almost every part of the country, according to the latest RICS construction market survey. During the second quarter of this year a net balance of 21 per cent more surveyors reported rises in workloads, the most positive reading in over six years. While consistently falling activity has meant that projects are still generally speaking thin on the ground, this upturn suggests that the worst could now be over for the sector. More →

July 4, 2013

Government public sector construction reforms net £447 million in savings

by Sara Bean • News, Property, Public Sector

Reforms to strip out inefficiencies in public sector construction – including the use of building information modelling (BIM) and the creation of a sustainable supply chain have generated £447 million in savings and will deliver up to 20 per cent savings in project costs by 2015, Cabinet Office Minister Chloe Smith has announced. By making links across departments the Government has also been able to act as a single customer to the construction industry and provide clear benchmarks for budgets by setting out the average price it expects to pay for projects. The Government has now published a new set of benchmarks that are designed to drive down project costs even further and encourage the industry to offer more competitive and innovative solutions. More →

July 2, 2013

New Construction Strategy focuses on sustainability and efficiency

by Sara Bean • Environment, Facilities management, News, Property, Public Sector

An industrial strategy for construction – ‘Construction 2025’ is being launched by the Coalition Government today which aims to tap into the considerable growth opportunities predicted for the global construction market. The strategy has been developed in partnership with the new Construction Leadership Council, jointly chaired by Business Secretary Vince Cable and Sir David Higgins, Chief Executive of Network Rail, formed to help oversee the delivery of the action plan and its strategic priorities. The strategy’s vision to 2025 includes ambitions for a 50 per cent reduction in greenhouse gas emissions in the built environment, and an equal reduction in the trade gap between total exports and total imports for construction products and materials. More →

June 11, 2013

Construction sector is digging its way out of recession

by Sara Bean • Facilities management, News, Property

The UK’s Employment Outlook is looking firmly positive, according to ManpowerGroup, and it’s being driven by an upturn in construction and a buoyant London economy. “As we head into the summer months, the UK jobs market is not too hot, but not too cold either. It’s all about the Three ‘C’s: Construction, the Capital, and Consistency,” said ManpowerGroup UK Managing Director, Mark Cahill. The first ‘C’ is for Construction, the most improved sector this quarter, up by five points, which is positive news as construction has been a huge drag on the whole UK economy, and is one of the main reasons we’ve had a double dip recession. Now ManpowerGroup reports it is starting to see rising demand for skills across the board, particularly in skilled trades and engineers. More →

April 30, 2013

Balfour Beatty profits warning cites challenging construction sector

by Sara Bean • Company news, Property

Building and infrastructure firm Balfour Beatty has issued its second profits warning in six months, with the announcement that its UK construction business is expected to deliver significantly lower profits than expected this year. The company said the UK construction market has been a challenging environment in which to win and execute work, adding: “Market conditions which deteriorated significantly in the second half of 2012 continue to be difficult. Change in procurement trends, which we have previously highlighted have persisted, allowing customers to impose increasingly stringent conditions onto contractors.”

April 18, 2013

Commercial construction sector grew in first quarter of 2013

by Sara Bean • Facilities management, News, Property, Workplace

There has been a steady growth in the UK commercial construction sector in the first quarter of this year, according to international property recruitment consultancy Judd Farris. The commercial construction sector has experienced steady growth, with a resulting high demand for experienced commercial candidates with knowledge of fit-outs and general build. There is also a strong recent demand for strategic sourcing candidates within Facilities Management. Said Tom Flood, Associate Director, Judd Farris: “As part of continuing cost-saving measures, companies are keen to appoint procurement specialists to effectively manage their strategic sourcing and supplier contracts.” More →

April 4, 2013

UK construction activity slips again, but at a slower rate

by Mark Eltringham • Knowledge, News, Property

According to the latest Markit/CIPS monthly survey of purchasing managers in the construction industry, output in the sector decreased once more in March but at the slowest rate since October of last year. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) which measures overall output in the sector, was calculated at 47.2 during March, up from 46.8 in February. Scores below 50 are deemed to indicate a contraction in the market. The reduced output was put down to a combination of subdued underlying demand and unusually bad weather.

March 28, 2013

RIBA reports positive picture for architects and construction sector

by Sara Bean • Architecture, News, Property

The latest Future Trends Survey by the Royal Institute of British Architects (RIBA) is showing a more positive picture for the architect profession and the wider construction sector. The RIBA’s Workload Index for February 2013 stands at +16, the third consecutive monthly increase, and has now remained in positive territory since November 2012 which continues to suggest improved confidence amongst architects regarding their future growth prospects. RIBA practices report that overall actual workloads remained stable throughout 2012, following falls in every calendar year from 2009 until 2011.

March 15, 2013

Call for budget to help construction sector growth

by Sara Bean • News, Property, Public Sector

The Treasury

Leading environmental and building construction bodies are calling on the Government to help grow the built environment in next week’s budget. The UK Green Building Council (UK-GBC) is urging the Chancellor to use the Budget 2013 to demonstrate the Coalition’s commitment to energy efficiency as a key driver of green growth and provide a boost to the construction sector. And in a list of requests, RICS asks the government to visibly promote public sector construction contracts, meaning smaller firms across the UK are aware of projects and able to directly bid for work.

March 7, 2013

Green Construction Board publishes carbon emissions routemap

by Sara Bean • Environment, Knowledge, News, Property

Carbon

The Green Construction Board has called for urgent action to reduce carbon emissions as it published a new plan for the sector to meet national carbon reduction targets. The Low Carbon Routemap for the Built Environment, launched at this week’s Ecobuild sets out what is required from the construction industry to achieve its UK government target of an 80 per cent reduction in greenhouse gas emissions from 1990 levels by 2050. The GCB also published its ‘Top Twenty Tips’ for greening the industry with a case study engine showing examples of good practice. More →

February 26, 2013

UAE’s infrastructure investment drives rapid construction sector growth

by Mark Eltringham • Knowledge, News, Property

The full impact of high levels of government spending as well as private sector and foreign investment in infrastructure and development in the Gulf is evident in a new report from analysts RNCOS which claims that the construction sector in the United Arab Emirates (UAE) is set to grow from its current size of $39.4bn at the end of 2012 by a compound rate of 9.5% a year until 2016. The report breaks the market down into four major areas of development; retail, residential, office and hospitality. The follow on effects for firms offering products and services will, of course, also be substantial.