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How UK construction consultants are selling themselves abroad

How UK construction consultants are selling themselves abroad

It has become noticeable of late that construction consultants seem significantly more optimistic than their fellows in UK contracting firms. Consultants may be a wee bit uneasy, but contractors it must be said seem to be wading in a slough of despond. The topic of restructuring (for which we read cutting jobs) is back on the agenda. I’ve suggested as one possible explanation for this disparity in happiness that consultants might be winning more work abroad and so partially relieving the pain of…

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Contractors are bagging a third less new work than at peak

Contractors are bagging a third less new work than at peak

The latest new orders figures provide a sobering injection of reality after the barrage of “it’s okay the recession is over” talk that seems rife. Yes the rate of collapse has slowed. But it’s the level that really matters at the moment. Forgetting seasonal adjusted constant price measures, if we compare the amount of work contractors have bagged over the preceding 12 months in cash terms we see the amount still dwindling.

Contractors face a £24 billion drop in new work

Contractors face a £24 billion drop in new work

UK contractors should prepare themselves for a £24 billion drop in the annual cash value of new work coming through as the recession reaches its expected bottom in 2011. Shrinking volumes and plunging prices threaten to drag the cash spent on buying new construction work down from £70 billion in 2007 to £46 billion in 2011. To put that drop in perspective it is rather like losing about three times the total construction budget of the London Olympics all in…

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