It’s that time of the month again – the release of our Snap Analysis market review. The report provides you with a snapshot review of the factors that drive the construction industry. The power behind Snap Analysis is our market leading construction project data and team of economists, making it a valuable tool for every … Read more
With Christmas just around the corner and the winter season in full swing, the offseason for the construction industry has officially begun. Construction is usually one of the hardest-hit industries when the wintry weather hits. However, this month’s Snap Analysis reveals that overall the construction industry took a dip in contract awards by 24% in … Read more
This month was an excellent month for contract awards. Growing by 37% and reaching £8.3bn, October was the biggest month for contract awards since April. The standout sector this month is Residential. According to Snap Analysis the sector had a month-on-month growth of 18% with £2.3bn worth of contract awards, which is over a fourth … Read more
This month in our 4 Questions interview we spoke to Dr David Hancock, Director of Construction at the Infrastructure and Projects Authority (IPA). Having worked in the public, private and voluntary sectors, David now leads the Government Construction Team and chairs the Government Construction Board for the Cabinet Office and the IPA. Following the release of … Read more
The autumn 2021 budget arrived with the economy in a better place than expected, thanks to the success of Covid-19 vaccines keeping hospital admissions from overwhelming the NHS. This gave the chancellor more to play with than anticipated. Overall, it was a cautious budget, leaving room for manoeuvre towards the end of the parliament. Help … Read more
It’s hardly news to anyone in the construction industry, and even the wider public is now becoming aware of it. We’re talking, of course, about the severe shortage of building materials that’s hitting the world, a problem that the UK is feeling even more acutely. The issue is now bleeding through to homeowners who can’t … Read more
You might be wondering what the algorithmic movements of Google have to do with the construction industry. Why should you care about a pending update, and what are the wider implications? In this article, we explore the relationship between the search landscape and the construction industry, and how this also relates to one primary constant… … Read more
The Devil is in the detail/the proof is in the pudding. Whichever cliché you pick, this Budget above any in living memory will be judged by its outcomes rather than its announcements. But it was certainly good to hear the rubber stamping of the widely expected extension of stamp duty exemption, and its much-needed support … Read more
With shafts of restriction-easing light starting to spear through the gloom of the third national lockdown, the 2021 budget focused on maintaining much-needed emergency support measures to lessen the damage wrought by Covid-19. The chancellor, a fiscal conservative, again made it clear that support measures are time limited and will be withdrawn in the autumn. … Read more
Yesterday, the UK Government published their long-awaited National Infrastructure Strategy. This strategy outlines the government’s plans to develop the UK’s infrastructure networks. It’s three central objectives are economic recovery; levelling up and strengthening the Union; and meeting the UK’s net zero emissions target by 2050. By providing up to £27 billion, the government wants to … Read more
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