Construction tenders cover a wide range of services, across a number of areas, from professional services to building maintenance and refurbishment, as well as civil engineering, landscaping and new-build construction work.
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Opportunities to Win More Construction Tenders
The construction industry undoubtedly boasts one of the largest economies of any business sector in the UK. It contributed £124 billion to the UK economy in 2021, representing fully 6% of total economic output. There were more than 2.3 million jobs in construction as of 2021, equating to 6% of all jobs in the UK.
According to a publication recently released by the House of Commons Library, there are more jobs in construction now than at any time since 2007 and the ensuing financial crisis, showing an encouraging, constantly growing market for both new and existing suppliers looking to win construction tenders.
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The Government’s Construction 2025 Strategy
In 2013, the UK Government published an industrial strategy to support job creation and economic growth. As part of the plan, the Government outlined how it is bridging partnerships with key, influential sectors, with significant emphasis on the construction sector.
The report also set four targets:
Lower costs – 33% reduction in the initial cost of construction and the whole-life cost of built assets.
Faster delivery – 50% reduction in the overall time, from inception to completion, for new build and refurbished assets.
Lower emissions – 50% reduction in greenhouse gas emissions in the built environment.
Improvement in exports – 50% reduction in the trade gap between total exports and total imports for construction products and materials.
These targets are ambitious in light of current challenges; however, they also set an agenda that is entirely focused on the construction industry. Implementing productive changes means greater expansion opportunities (i.e. construction tender opportunities) for suppliers to capitalise on.
Key Areas of Growth in the Construction Sector
In the coming years, construction tenders in private residential housing and major infrastructure projects alike are expected to rise. The roll-out of High Speed Rail 2 (HS2) joining London with the Midlands and North of England marks one of the most ambitious construction projects in decades. In 2019, it was estimated that the HS2 project would cost between £53–71 billion, with the projected completion year being 2041 (not including the HS2 East development).
A report published in 2018 forecasts that a massive £600 billion of private and public investment is expected to fund infrastructure development over the next 10 years, driving innovation and sustainability at the heart of the construction industry and generating thousands more jobs.
Huge Expansion in Public Infrastructure Means Major Project Opportunities for Construction Businesses
This is a hugely exciting time for construction business owners, with major developments increasingly shaping the future of the UK and the wider economy.
If you are a new or existing construction supplier, Tracker can equip your organisation with the tools you need to search, bid for and win new construction tenders, hosting the largest public and private sector tenders database in Europe.
Construction tenders are published every day, and through tools such as Market Leads, your organisation will receive instant visibility of private sector leads, public sector framework opportunities and pipeline contracts, all long before they have been tendered.
Get daily alerts about the latest contract opportunities relevant to your business and be the first to tender for construction contracts. Try Tracker for free today.
How to Prepare Bids & Tender Documents in Construction
In contrast with some other industries, construction has an unusually high self-employment rate. 19% of construction workers registered as self-employed in early 2022 in the United Kingdom, compared to a 13% average for the whole economy. This means there is likely to be a distinct lack of procurement knowledge within the sector.
Tracker is here to make up that knowledge gap, providing the support and tools contractors and organisations of all sizes and experience require to grow their business.
Tools like Spend Analysis help suppliers identify buyer spend patterns, including what contracting authorities are buying and from whom. Archive Data works in a similar way, offering five or more years of historical data on buyers and tenders, as well as identifying new competitors in the market to propel your procurement forward.
By combining huge volumes of data with business analysis tools such as Market Intelligence, which provides you with market updates from the most comprehensive and reliable construction business sources available, Tracker is able to strategically align your procurement methods with current market activity.
Organisations can make informed decisions about their procurement strategy using analysis from rich data, effectively setting them apart from their competitors.
Tendering is easier with Tracker.
Find the latest construction tender opportunities while streamlining your procurement process with Tracker.
Tracker Operates Across All Areas of the Construction Industry
The vast scope of the construction industry means there are tendering opportunities available for organisations of all sizes with varying skills and experience.
Find the construction contracts relevant to your business in the following sample of areas:
- Construction materials
- Civil engineering
- Painting and decorating
- Plant operation
- Labour services
Tracker’s Commercial Tenders tool helps businesses gain complete coverage of all construction activity in the UK with access to more than 400,000 construction projects from the early planning stage, as well as 10,000 non-planning projects each year.
To find out about new business opportunities as soon as they become available and earn your share of this lucrative marketplace, sign up to Tracker today.
Our procurement tools give you and your organisation everything you need to start winning construction tenders today.
How to Find & Win UK Construction Tenders
To bid for and win construction contracts, you first need to find them. Tracker is powered by a suite of business intelligence tools, including a bespoke Tender Alerts tool, which sends construction tender opportunities directly to your inbox every day.
Our tender alert service gives you access to contract notices as soon as they are published, saving you the time and resources expended in searching for UK construction tenders relevant to your organisation. Instead, it allows you to focus on writing a winning tender response and preparing all the tender documentation needed, ensuring you meet the exact requirements when you bid for construction tenders.
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