PROCUREMENT NEWS New survey released: Challenges and opportunities for the construction sector

 constructing the future

 

Our parent company BiP Solutions has partnered with Construction Excellence to release ‘Constructing the Future – Survey 2018/19’.

Construction is a major contributor to the UK economy, with 6% of GDP coming from the sector. As such, it is a key area of opportunity for Tracker customers looking to win public sector and supply chain opportunities.

Currently winning construction tenders? Learn more about the current climate for construction as we delve into some of the key findings from the survey.

 

Is there opportunity in the construction sector?

The ‘Constructing the Future’ survey has revealed that 60% of respondents are “optimistic about the future of construction, showing that no matter the ups and downs – people still need builders and the building industry”.

This aligns with the latest findings published in Tracker’s Spotlight on Construction Procurement which quotes IHS Markit and CIPS UK Construction (January 2019). Both organisations state that there is “business optimism towards the year ahead” with the degree of confidence in the construction market at its highest level since last April.

Positivity in the construction marketplace stems from government investment in infrastructure and visibility of major projects such as Crossrail and HS2.

 

What about Brexit?

The key findings from ‘Constructing the Future’ suggest that there is “optimism despite uncertainty”. 70% of our respondents are worried about the impact that Brexit will have on the construction industry, with 68% saying that Brexit will have the most impact on their business in the next 12 months.

 

Get a copy of the ‘Constructing the Future’ survey

This informed piece of content seeks out opinions from industry experts on the crucial pressure points for the sector and drives insight into the future of construction.

If you would like to access the full survey from BiP Solutions and Construction Excellence, download it for free here.

 

 

 

Apr 02, 2019.