Tuesday, February 7, 2012 - 10:49
Latest survey by the National Specialist Contractors' Council (NSCC) revealed that order books of specialist contractors are continuing to shrink. 46% of contractors reported a decrease in orders in the fourth quarter of 2011, a significant rise on the 37% that saw the number of orders decline in the third quarter.
Only 57% of specialist contractors now working on public sector construction projects, comparing to the previous figure of 67%.
The cutbacks in investment and the reduction in capital expenditure sparking fears of further downturn in the construction industry.
Tuesday, January 31, 2012 - 11:01
According to recent survey, construction industry activity in London has seen a 40% increase in past 12 months.The survey, which monitors each scheme which is more than 50 units in size under construction across Greater London, found that building activity was particularly strong in East London, possibly as a result of the Olympics. Boroughs close to the Games showed the highest levels of residential construction. The mix of completions is largely unchanged since the previous survey, with one and two bedroom flats dominating, and houses accounting for just 5%.
Monday, January 23, 2012 - 12:27
The next year could be a challenging time for the Construction Industry, but a smart investment in the right technologies could help you find new efficiencies you never thought possible. For example, mobile technologies are continuing to emerge and playing a more prominent role in construction projects than ever before, and software providers come to market with new apps to fit the needs of builders.
Thursday, January 19, 2012 - 07:00
Andrew Haldane, top official at the Bank of England, sais that UK banks need radical bespoke accounting rules to clear the cunfusion over valuing assets held on their books.
There is need to recognize differences between banks and other types of companies as the accounting rules used by banks amplify investor and regulatory uncertainty.
Tuesday, January 17, 2012 - 11:18
Annual Investment Allowance which currently offers businesses 100% tax relief on the first £100,000 of qualifying expenditure, including relocatable partitioning, will be changed in April 2012 to just £25,000.
Tuesday, January 10, 2012 - 10:01
A group of organisations including the Federation of Master Builders, the Federation of Petroleum Suppliers and the Forum of Private Businesshave joined together to urge the government to call for a plan of action to address the growing problem of late payment in order to help small firms survive, grow and drive economic recovery.
Only 4% of subcontractors in the Construction Industry are getting paid within 30 days, despite it being mandatory on all government contracts.
Tuesday, January 3, 2012 - 10:54
Britain’s Construction Industry has been through the pain of the house market slump but although no significant pick-up in the wider housing market is anticipated, there is hope for the new build market.
Housebuilders are placed to benefit from Government initiative to boost building of new homes and help first-time buyers. The aim is to encourage lenders to reduce deposits required from the buyer, marking a return to the days of 95% loan-to-value mortgages.
Tuesday, December 20, 2011 - 10:08
More than two-fifths of construction firms in the UK are expecting workloads to increase next year, according to survey by the Confederation of British Industry (CBI) and Speedy Services. 42 per cent of contractors expect growth in 2012, however the majority of surveyed companies expect growth to be weak.
Tuesday, December 13, 2011 - 10:27
Our office will close from midday on Friday 23th December and re-open at 9am on 3rd January.
Wish all our customers a very Merry Xmas and a prosperous New Year.
Tuesday, December 6, 2011 - 10:11
In Nowember 2011 activity in the Construction Industry expanded at a slightly slower pace than in October but created jobs at the fastest pace since March 2008, according to The Markit/CIPS.
Builders pulled in more new business leading to an increase in hiring and relatively small builders do better than bigger companies. Confidence about the future in Construction Industry also improved and many expected activity to increase over the next 12 months. However the outlook for the sector remains challenging, with confidence over future activity levels still subdued.