Confidence returns to UK construction

Confidence returns to UK construction

Staff recruitment difficulties will be a major stumbling block for construction companies trying to expand to meet rising demand now that economic recovery is under way, warns KPMG in its latest Global Construction Survey.

 

KPMG found that all the companies surveyed in the UK planned to expand into the power and energy market, with 83% targeting railways, 33% industrial and 17% water. Most were also planning to expand into other regions. Companies in the Americas and Asia Pacific were even more optimistic, with 91% and 65% respectively having a positive or very positive medium term outlook.

 

KPMG said companies need to invest in growth now and market success will be won by those who have the resources to compete, including sufficient experienced staff.

 

Most UK companies see government infrastructure plans, global economic growth and urbanisation as key drivers of growth, with 73% either positive or very positive about prospects. Increased order books, growing order books and profit margins were also reported by most.

 

Launching the survey – Global Construction Survey 2013:Ready for the Next Big Wave – KPMG Power & Utilities Chairman Alastair Buchanan said:"Transmission network and gas distribution companies are expected to attract inward investment totalling £40Bn.

 

“The sector has already signalled around 5,000 jobs to be created, and the new GB pricing model awards, for the first time in 20 years, monies for research and development called innovation funding.”

 

This is just the start, Mr Buchanan said, with another £30Bn on electricity distribution in 2015, the roll out of round two offshore just starting, and £110Bn needed to expand power generation capability.

 

(Photo: Fin Fahey)

Please rate

Comments 

Name
Email
  Ctrl + Enter

Most Read

Caledonia Water bags infrastructure contract with Scottish Water

Caledonia Water bags infrastructure contract with Scottish Water

Caledonia Water Alliance – a Morrison Utility Services and AECOM joint venture – has landed a six-year extension on its water infrastructure contract with Scottish Water Following confirmation of the new agreements, from 2021-2027 Caledonia Water Alliance (CWA)

Skanska bags £135m revamp of Canary Wharf’s first office

Skanska bags £135m revamp of Canary Wharf’s first office

Skanska has won the contract to deliver the main structural revamp of Canary Wharf’s first major office at 30 South Colonnade in London Docklands.The major office deal is its second to be signed off this week after confirming an £83m contract with Royal London Asset Management to build

MWH Treatment secures key role on Scottish Water framework

MWH Treatment secures key role on Scottish Water framework

MWH Treatment (MWHT), together with partner Galliford Try, has successfully secured a six-year contract extension on Scottish Water's non-infrastructure framework for the Strategic Review 2021-27 (SR21) investment programme. MWHT, a sector leading solution provider operating across the UK water

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.