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Challenges facing the construction industry in the next 5 years
Challenges facing the construction industry in the next 5 yearsThe construction industry is one of the largest in the world, with the value of new construction work in the UK alone reaching £118,977 million in 2019. Despite new construction orders growing though, the...
Material shortages: How to still deliver on time and budget
Material shortages: How to still deliver on time and budgetConstruction product and material shortages continue to cause problems for construction projects across the UK, with housebuilders being among the worst hit. Residential property developments are being hit by...
Why do construction projects frequently go over budget?
Why do construction projects frequently go over budget?Too many construction projects end up going over budget. In fact, 69% of construction projects go over budget by more than 10% and only 31% come within 10% of their original plan. This can drastically affect the...
Why details matter in cost estimating for construction
Why details matter in cost estimating for construction When it comes to construction cost estimating, the devil is in the detail. Any inaccuracies or missed details could put you at risk of claims for extra costs, eating into your budget and your profits. Ensuring...
4 things to consider when choosing a construction cost consultant
4 things to consider when choosing a construction cost consultantWhen it comes to residential building projects, there is a lot you need to consider right from the start. From knowing what the realistic cost of the project will be to ensuring you have the right...
Tender strategy: why you need it and what to consider
Tender strategy: why you need it and what to considerYou’ve got your tactics sorted when it comes to project tenders. You know how to present your bid in the best light to win. It’s how you’ve made it this far. But what about your tender strategy? If tactics are the...
Do you have the right mindset to grow your construction business?
Do you have the right mindset to grow your construction business?The UK construction industry saw a record-busting slump in output this year. But in any recession, there will be winners and losers and that applies to the construction too. There is an opportunity for...
Contractor’s Obligations and Powers in JCT Intermediate Contracts
Contractor’s Obligations and Powers in JCT Intermediate ContractsIt has been almost a hundred years since the Joint Contracts Tribunal (JCT) was established. It changed the face of construction through the publication of standard forms of building contract. The latest...
The trouble with estimating: challenges and solutions
The trouble with estimating: challenges and solutions You’ve got a client interested in what you can do for them but now it’s crunch time, they want an accurate estimate. At first glance this may not seem too difficult; after all, you know your industry, you...
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