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Market forecast: Why viability is tight for construction projects in the UK
Global uncertainty, combined with domestic regulatory change, a fragile demand outlook and expectations around inflation are combining to create tricky conditions. It’s a finely balanced equation with many moving parts. Pablo Cristi Worm of Aecom reports
Market forecast: Why viability is tight for construction projects in the UK
Global uncertainty, combined with domestic regulatory change, a fragile demand outlook and expectations around inflation are combining to create tricky conditions. It’s a finely balanced equation with many moving parts. Pablo Cristi Worm of Aecom reports
Market forecast: Prospects for growth in 2025 remain subdued
With capacity depleted, cost pressures have resurfaced as demand has strengthened – but with interest rates set to stay high, slowing demand growth may help smooth the transition
Market forecast: Demand is set to rise as the economy stabilises
Demand is set to strengthen as economic stability stimulates a recovery in private sector investment, but contractor capacity is depleted and risk aversion elevated
Market forecast: Materials prices and margins are both set to come under pressure
Rising materials prices could cause capacity pinch-points. And where spare capacity exists, intense competition could put margins under greater pressure. Brian Smith of Aecom reports
Market forecast: Why prices for goods and services are still set for further increases
Construction output is falling steadily as high interest rates sap demand, though repair and maintenance is propping up the sector. Despite materials costs rising less rapidly, tender prices are still on the up
Market forecast: Why firms will feel the pressure in 2024
As we head into the new year, input costs are levelling off – in terms of materials at least – but as new orders become patchier, market competition is rising
Market forecast: Why margin compression remains a concern
Against a poor economic backdrop, construction output is holding up in every sub-sector except housing. However there are still reasons to be worried.
Market forecast: Why tender prices are likely to continue rising despite cost inflation easing
The ongoing economic backdrop of elevated interest rates is increasingly impacting construction
Market forecast: Heading for a fall?
Construction output has been on the up, but can this continue in the face of economic uncertainty? Housebuilding in particular looks set for a fall
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Cost model: Incorporating sustainability in purpose-built student accommodation
Private investment is driving change, and meeting sustainability demands within strict time, cost and labour limitations is the challenge
Cost model: exploring the advantages of surgical hubs and barn theatres
Capacity issues within the NHS are driving innovative ways of working. This cost model looks at the advantages and costs of surgical hubs and barn theatres
Cost model: What solutions are there for low embodied carbon office fit-outs?
Office fit-outs score poorly on whole-life emissions, because short tenancies lead to repeated refitting. Aecom’s Lauren Lemcke, Danielle Rowley and Dave Cheshire report on new solutions
Procurement update: data centre development challenges
Data centre clients are scaling up to deliver ever bigger programmes – so, what are the main client types and the specific procurement challenges in this sector?
Cost model: Evaluating the construction cost impact of the Building Safety Act
The implications of the legislation, a look at real-world applications, and a notional model for cost increases on a higher-risk building
Cost model: How construction can meet the data centre challenge
With the demand for data storage soaring, the construction industry must find ways to rise to this challenge efficiently and sustainably, against a background of land and energy scarcity
International cost comparison 2024
What are the latest trends in international construction costs as we move into what is likely to be a pivotal moment in the recovery of the sector globally?
Cost model: Evolving the design and build of community diagnostic centres
The rollout of these centres is intended to cut long elective care waiting lists, provide value for taxpayers and decarbonise the NHS, but achieving all three is a challenge
Could this be the year of construction management?
John Setra of construction management specialists K2CM argues for an alternative to the design and build method of procuring substantial projects