Construction

An article from As they look to the year ahead, contractors want to know how frayed supply chains, inflation and labor shortages will affect their business. Published Jan. 23, 2023 By Construction Dive Staff Sergey Pakulin via Getty Images U.S. contractors have a lot on their minds as they look to the year ahead. Snarled

Construction News today launches a new service for readers, providing a detailed breakdown of monthly UK construction activity by sector and region. CN Intelligence will be updated each month with the latest data and analysis on contract awards, planning approvals and project starts from partner-firm Glenigan. The service gives construction professionals the ability to track

More than half of all invoices sent to construction firms were paid late last year, an analysis has found. The proportion of late invoices “significantly increased” to 52.9 per cent across the sector in 2022, a rise of 13 per cent compared with 2021. Data company Creditsafe looked at 21 sectors and found that only

While main contract awards and detailed planning approvals fell in the three months to December, project starts increased slightly on the previous year. Offices overview Office work starting on-site totalled £1.191bn during Q4 2022, a 26 per cent decline compared with the preceding quarter but a 6 per cent increase on the previous year. No

The main business priority for more than a quarter of construction SMEs is survival, a survey has found. The SME Data Hub survey, carried out independently on behalf of Close Brothers Asset Finance, underlines how rising energy prices and higher inflation are causing headaches for UK-based construction SMEs. Survival was said to be the main

The West Midlands experienced a poor three months to November, with project-starts, main contract awards and detailed planning approvals all having declined on the previous year. Detailed planning approvals increased on the preceding three months to provide some optimism. West Midlands overview Work starting on-site in the West Midlands added up to £1.43bn during the

The consistent fall in construction-starts worsened during the three months to November as the fallout from the mini-budget and heightened material prices held back projects moving to site. High interest rates and inflation is likely to prevent a quick recovery in project-starts, but a strong development pipeline should help to turn the tide in 2023.

Jamie Olsen Ferreira is a knowledge lawyer and Stacey Cassidy is a construction partner at law firm TLT The use of “Modern Methods of Construction” (MMC), or modular construction, has been encouraged by the UK government in recent years. Homes England’s five-year Affordable Homes Programme made £7.3bn available to developers in April 2021 with the