* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 25, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

    The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

    ‘When Calls the Heart’ Fans All Want the Same Thing After Seeing the Show’s Latest Update – yahoo.com

    When Calls the Heart’ Fans Rally Together in Excitement Over Exciting New Update!

    Quotes of the Week: Peacemaker, Project Runway, Countdown and More – yahoo.com

    This Week’s Most Memorable Quotes from Peacemaker, Project Runway, Countdown, and More!

    Drake Appears in Teaser for Bobbi Althoff’s New Podcast ‘Not This Again’ – yahoo.com

    Drake Drops a Surprise Cameo in Bobbi Althoff’s Thrilling New Podcast Teaser ‘Not This Again

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    From polka to Poison, Corn Palace adjusts entertainment offerings with the times – Mitchell Republic

    How to watch ‘F1: The Movie’ on Prime Video – About Amazon

    Experience the Thrill: How to Stream ‘F1: The Movie’ on Prime Video

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Ten upcoming sports stadiums where technology takes to the field – Dezeen

    10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

    Figure Technology Solutions, Inc. Files Registration Statement for Proposed Initial Public Offering – Business Wire

    Figure Technology Solutions, Inc. Unveils Exciting Plans for Its Upcoming Initial Public Offering

    UNLV Responds to Workforce Need with Microcredential in Nuclear Technology – University of Nevada, Las Vegas | UNLV

    UNLV Unveils Cutting-Edge Microcredential Program to Fuel Growth in Nuclear Technology

    Why Technology Will Never Take Over Completely – Patheos

    Why Technology Will Never Completely Control Our Lives

    Alcorn State awarded grant to boost STEM with VR technology – WJTV

    Alcorn State Secures Grant to Transform STEM Education Through Cutting-Edge VR Technology

    Hyundai: The Only Way To Beat China Is To Embrace Technology – InsideEVs

    Hyundai’s Bold Strategy to Outpace China with Cutting-Edge Technology

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

The clouds that hang over the sector

September 23, 2023
in Business
The clouds that hang over the sector
Share on FacebookShare on Twitter

Paul Hamer has been chief executive of Sir Robert McAlpine since 2017. He was previously CEO of consulting engineer White Young Green (WYG).

Paul Hamer has been chief executive of Sir Robert McAlpine since 2017. He was previously CEO of consulting engineer White Young Green (WYG).

This summer’s unseasonably heavy rain has reportedly had an adverse effect on the construction sector. When the Office for National Statistics published its construction output figures covering July 2023, the 0.5% drop was attributed by some analysts to the downpours disrupting projects.

Whether or not the inclement weather did have such repercussions, it is clear that economic clouds still hang overhead. For one, the tail of Covid-19 disruption, which had a profound impact across the industry, is still showing itself on balance sheets and in many of the full year accounts published in 2023.

Additionally, the many fixed price contracts agreed in 2019 and early 2020 pre-date Covid-19, some of the Brexit-induced disruption and the materials shortage stemming from the conflict in Ukraine and the onset of hyper-inflation which have changed so dramatically the cost landscape. As a result, those projects are much more expensive to complete than originally envisaged, with the mounting insolvencies in the construction sector being the inevitable result of these extraordinary economic pressures.

It is not just construction firms that have felt the bite of economic reality, but the Government, too. Just as many contracts were priced three years ago, so were a number of Government spending commitments, not least Project Speed – the ambitious scheme to boost the economy through spending on infrastructure – which has been nibbled away by inflation. Though Project Speed was an unquestionably laudable plan, and did initially make some headway, the economic climate has squeezed Treasury coffers, raising questions about the affordability of some projects, whilst others have inevitably been subsumed by the electoral cycle.

Blue sky ahead

Reassuringly, bluer skies do appear to be on the horizon. The sector is close to working its way through many of the legacy contracts, whilst the last of the financial disruption wrought by Covid-19 will hopefully have dissipated by next year.

But this, however, does not mean that the sector has now overcome its challenges. Concerns about an impending labour shortage have once again bubbled to the fore whilst the sheer number of insolvencies suggests the supply chain remains fragile. Such a climate will require clients, contractors and the supply chain to work together, ensuring payments are made on time and, where feasible, mobilising advanced payments to keep money flowing through the wider construction ecosystem to ensure that firms remain solvent, and materials can be purchased.

Indeed, collaboration across the entire project lifecycle cuts to the heart of the issue. Problems still hang over the sector, but these can be addressed through greater trust, transparency and collaboration – the lack of which is perhaps the perennial problem. Economic headwinds come and go, but a reluctance to collaborate all too often lingers.

Related Information

Specialisation and collaboration

Fortunately, change is stirring; and bundled up in the challenges of the next few years lies significant opportunity. For one, the cost pressures that many contractors have faced for the last three years have prompted many of the larger firms to reorganise or restructure their operations to concentrate on their strongest sectors. In the immediate term at least, this will allow contractors to build back quality order books.

The benefit of such an approach is that specialising not only allows firms to boost long-term productivity by becoming masters of their domains, but it also fosters deeper client relationships, allowing for greater collaboration and greater contractor involvement in the early stages of a project. This effectively rebalances the equation between cost and value, ending the race to the bottom on price that leaves almost all parties unhappy.

The last point is instructive. Early contractor involvement sketches the art of the possible. It allows designs to be shaped at the outset to improve efficiency or reduce carbon emissions and, in time, could even move the sector to the position where retentions can be removed from contracts to further support supply-chain liquidity.

The sector has already taken some solid steps in the direction of greater collaboration, and it is infrastructure that is leading the way. A number of infrastructure clients, for instance, are implementing the Project 13 Principles, a new delivery model intended to encourage all parties involved to become a unified high-performing enterprise. This allows for the creation of integrated project teams, enhanced collaboration and, with it, the chance to unleash real opportunity and value.

Of course, collaboration cannot solve all of the sector’s problems. The labour shortage, for instance, is perhaps best addressed by developing future leaders today; taking on more apprentices; and by broadening the appeal of the sector to attract talent from right across the workforce. On a more fundamental level, the Government needs to commit funding to a clear, long-term infrastructure plan to support the sector in both the short and long term.

But when it comes to immediate problems, collaboration is the order of the day. Just like the rain, the economic challenge shall pass – but it is, perhaps, up to the sector to determine how quickly.

Got a story? Email [email protected]

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : TheConstructionIndex – https://www.theconstructionindex.co.uk/news/view/the-clouds-that-hang-over-the-sector

Tags: businessCloudssector
Previous Post

Plant sector says Sunak is muddying the waters on emissions

Next Post

CGA 2022 DIRT report highlights increased excavation-related damage to buried utilities

South Carolina city selected to host 2027 Diamond Youth Baseball World Series – WRDW

South Carolina City Chosen to Host the 2027 Diamond Youth Baseball World Series

August 25, 2025

Brazil’s low-voltage consumers could save 16% on power bills – Valor International

August 25, 2025
‘The Roses’ review: Olivia Colman, Benedict Cumberbatch sparkle in dark comedy – Yakima Herald-Republic

The Roses’ Review: Olivia Colman and Benedict Cumberbatch Shine in Dark Comedy Delight

August 25, 2025
Georgia lawmakers plan for federal cuts to already ‘underfunded’ public health services – Grice Connect

Georgia Lawmakers Prepare to Fight Federal Cuts Threatening Public Health Services

August 25, 2025
Poverty and Policy, Not Politics, Drive Crime in American Cities | Opinion – Newsweek

How Poverty and Policy Drive Crime in American Cities-Beyond Politics

August 25, 2025
Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

Pressured researchers in ecology and conservation demand support to guarantee fair interactions with stakeholders – ScienceDirect.com

August 25, 2025
What moving averages say about Genenta Science S.p.A. Depositary Receipt – Stop Loss & Technical Pattern Based Signals – Newser

What Moving Averages Reveal About Genenta Science S.p.A.: Key Stop Loss Strategies and Technical Patterns Uncovered

August 25, 2025
Asking Eric: My partner’s unhealthy lifestyle is killing our relationship – MassLive

How My Partner’s Unhealthy Habits Are Driving a Wedge Between Us

August 25, 2025
Ten upcoming sports stadiums where technology takes to the field – Dezeen

10 Futuristic Sports Stadiums Revolutionizing the Game with Cutting-Edge Technology

August 25, 2025
WEATHER REPORT: Notre Dame Fighting Irish VS Miami Hurricanes – Yahoo Sports

Epic Showdown Ahead: Notre Dame Fighting Irish Clash with Miami Hurricanes

August 25, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (789)
  • Economy (809)
  • Entertainment (21,689)
  • General (16,667)
  • Health (9,850)
  • Lifestyle (822)
  • News (22,149)
  • People (810)
  • Politics (818)
  • Science (16,020)
  • Sports (21,308)
  • Technology (15,790)
  • World (791)

Recent News

South Carolina city selected to host 2027 Diamond Youth Baseball World Series – WRDW

South Carolina City Chosen to Host the 2027 Diamond Youth Baseball World Series

August 25, 2025

Brazil’s low-voltage consumers could save 16% on power bills – Valor International

August 25, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version