Cost model: Higher education refurbishment

By Steven Jenkins and Alison Wring 2019-11-08T06:00:00

Cost model Nov 2019 Higher education refurb 181004_UCL_HereEast_003

Source: Hawkins\Brown

UK higher education attracts students from all over the world – this is good for construction, as universities and colleges renew and upgrade campuses and facilities

01 / Introduction

The higher education sector has long been a British success story. Universities, in particular, have combined high-quality research, robust teaching and a strong heritage, enabling them to balance innovation, private-sector partnerships and a diverse student intake. This has been good for the construction industry too, as institutions renew and upgrade their facilities and accommodation to deliver greater capacity, embrace new, interdisciplinary research methods and provide an outstanding student (and staff) experience. 

Market researcher Glenigan has estimated that nearly £8.8bn-worth of higher education projects were kicked off between 2014 and 2018 . And around £1.8bn worth of contracts were awarded between 2017 and 2018 alone, including a significant number of schemes each more than £50m , according to AMA Research.

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