Construction is one of the largest industry sectors in the UK, representing around six per cent of GDP. The sector has played a vital role in keeping the UK running during the COVID-19 pandemic, with workers playing an integral part in the build of Nightingale hospitals and ensuring buildings are kept safe.
The latest National Infrastructure and Construction Procurement Pipeline has been published during the pandemic crisis, and although many things seem uncertain, the Infrastructure and Projects Authority remains positive.
We reveal the highlights from this report and give details of how your business can find new opportunities by using business intelligence.
Infrastructure work carries on
The infrastructure sector is thriving as infrastructure projects have been able to take advantage of the reduced car traffic due to the Coronavirus pandemic to make crucial road repairs.
Key schemes were brought forward including work on the A14 in Cambridgeshire, where ┬г20 million of work was completed in early spring.
Market analyst Glenigan has also revealed that currently over ┬г17 billion worth of infrastructure projects are at the pre-tender stage.
National Infrastructure and Construction Procurement Pipeline
The UK Chancellor Rishi Sunak spoke of the GovernmentтАЩs ambition to continue investing in the countryтАЩs infrastructure during the Budget 2020 announcement.
The latest National Infrastructure and Construction Procurement Pipeline is made up of work packages, projects and programmes that are planned to go out to market for procurement throughout the 2020/21 financial year, and:
тАЬThe procurements contained within the pipeline have an estimated total contract value of between ┬г29 billion and ┬г37 billion.тАЭ
The Infrastructure and Projects Authority has confirmed that procurements in this pipeline include a broad range of works across infrastructure and construction such as:
- construction work including building, design & build and civil engineering contracts
- repair and maintenance services
- architectural, construction, engineering, and inspection services
- consultancy services
In the documentтАЩs Ministerial Foreword, Lord Agnew, Minister of State for the Cabinet Office and Her MajestyтАЩs Treasury and Rt Hon Jesse Norman MP, Financial Secretary to the Treasury state that:
тАЬThe Government is deeply serious about working with partners and across sectors to improve the delivery of projects, and to use its purchasing power to increase productivity and drive innovation in infrastructure.тАЭ
This pipeline will be a central pillar for the UKтАЩs National Infrastructure Strategy, which is due to be published later this year as well as a full 10 year projection of spend in a National Infrastructure and Construction Pipeline.
Find construction opportunities with Tracker Intelligence
The infrastructure and construction sectors are and will continue to be essential to the recovery of countries across Europe, not just the UK.
Knowledge is power and having sight of construction activity at both a national and European level is key to being able to respond and identify opportunities within the market. TrackerтАЩs Market Intelligence tool can support your business in a number of ways:
- Using the information from Market Intelligence your business can identify new business opportunities early
- The tool will help your business to track competitor activity and market changes
- You will better understand changes in legislation and government policy and how they affect you
- This is a great tool for decision makers who want to make choices based on facts
- Real-time in-app updates
- Full public and private sector news coverage
At Tracker, we firmly believe in the power of business intelligence to support you in searching for and identifying the right types of contracts for you and giving you the power to engage earlier with buyers.
If you are looking to find out more about how Tracker can support your business growth plans within both the public and private sector, contact us today on 0845 270 7065 or email us at sales@trackerintelligence.com.
