* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, August 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • 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
    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Powering the Future of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

  • 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
    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Powering the Future of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    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

Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

Credo Technology: Powering the Future of AI Innovation

August 3, 2025
Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

August 3, 2025
Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

Study reveals China’s ecological red lines offer blueprint for biodiversity protection – Phys.org

August 3, 2025
What do TSA bag scanners actually see? – Popular Science

What do TSA bag scanners actually see? – Popular Science

August 3, 2025
Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

Why does your mind goes ‘blank’? New brain scans reveal the surprising answer – Live Science

August 3, 2025
U.S. POINTER Study shows lifestyle program improves cognition in older adults – University of California – Davis Health

Lifestyle Program Boosts Cognitive Health in Older Adults, New Study Finds

August 3, 2025
World Championships, Day Eight Finals: Kliment Kolesnikov Blazes to Title in 50 Backstroke; Tie for Silver – Swimming World

Kliment Kolesnikov Blazes to Victory in 50 Backstroke as Day Eight of World Championships Ends with a Silver Medal Tie

August 3, 2025
Bond investors warm to risk, with Fed staying put in ‘Goldilocks’ economy – Reuters

Bond Investors Take Bold Steps as Fed Maintains Steady Course in a ‘Goldilocks’ Economy

August 3, 2025
Go-to entertainment: why gaming was made for the toilet – The Guardian

Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

August 3, 2025
Covenant Health offers immunizations, activities for kids at Back to School Bash – KCBD

Covenant Health’s Back to School Bash: A Fun-Filled Immunization and Activities Event for Kids

August 3, 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 (752)
  • Economy (777)
  • Entertainment (21,654)
  • General (16,265)
  • Health (9,814)
  • Lifestyle (785)
  • News (22,149)
  • People (777)
  • Politics (786)
  • Science (15,990)
  • Sports (21,273)
  • Technology (15,755)
  • World (758)

Recent News

Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

Credo Technology: Powering the Future of AI Innovation

August 3, 2025
Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

August 3, 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