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The latest S&P Global construction purchasing managers’ index (PMI) scored 50.2 in March, up from 49.7 in February and the highest level since August. UK construction sector emerges from six ...
Construction 2025 is a British government report issued in July 2013 outlining its industrial strategy for the sector until 2025. Key aims were to reduce programme lengths and costs, reduce greenhouse gas emissions and improve the trade gap. The policy saw the establishment of the Construction Leadership Council to drive change in the industry.
HS2 construction near Leamington Spa in August 2021. Productivity in construction remains below the UK average and has changed little in the past 50 years. [6] As a result, the UK government has repeatedly tried to improve the sector's efficiency, publishing (among others) the Latham Report in 1994, the Egan Report in 1998 and the Farmer Review in 2016; in 2013 it launched the Construction ...
Between them, UKCG members accounted for £33 billion of construction turnover – a third of UK construction total output. UKCG's mission was to promote the UK construction industry and to support its members in delivering excellence by encouraging contractors to work together with their clients and supply chains to promote change and best ...
A PMI report revealed business optimism fell to its lowest since July 2020 and the worst month for new orders for almost two-and-a-half years. Construction sector rebound overshadowed by mounting ...
The construction industry of the United Kingdom employed around 2.3 million people and contributed gross value of £123.2 billion to the economy in 2019. [138] One of the largest construction projects in the UK in recent years was Crossrail, costing an estimated £19 billion. It was the largest construction project in Europe.
The BCIS "Standard Form of Cost Analysis" (SFCA) remained an industry staple, largely unchanged, until the late 2000s. In 2012 the "New Rules of Measurement" for cost management throughout the construction process were accompanied by a modernised version of the SFCA. [1] In 2022, the BCIS was spun out of RICS. [2]
The Strategic Forum for Construction is a United Kingdom construction industry organisation established in 2001 as the principal point of liaison between UK government and the major construction membership organisations. It also enables different representatives of the UK industry to discuss strategic issues facing construction and to develop ...