Our Market Update Q4 2022 is out now! Check out our new film for the highlights from this quarter where we’re advising our clients to seek advice on their future project pipelines and ask the question, what are the opportunities for 2023 as we enter a new phase of the market cycle?
By Michael Urie
G&T's latest M&E contractor summary report analyses some of the key themes provided from the responses to our recent survey.
By Michael Urie
Deloitte’s Winter 2022 London Office Crane Survey revealed the volume of new starts increased slightly compared with the last (six-month) survey period but remains below the 10-year average.
By Michael Urie
The S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) edged higher to 49.2 in August of 2022 from 48.9 in July but marked the second consecutive month of falling activity as high prices continued to weigh on demand.
By Michael Urie
G&T’s Market Update Q3/2022 provides an overview of the UK construction market. Check out our new film for the highlights from this quarter where we recommend planning ahead, secure resources early and ensure supply chain visibility.
By Anjni Varsani
G&T's second Main Contractor survey revealed a host of insights on the current state of the UK construction market. All but one of the contractors that responded to our survey were Tier One contractors and are among the most time-served and financially secure construction companies trading.
By Michael Urie
Data shows the value of construction starts edged marginally higher in the three months to May 2022 compared to the previous rolling quarter (to April 2022). The underlying value of project starts rose by 1.2% in May compared to the previous three-month period, from £5.04bn to £5.1bn.
G&T's latest M&E contractor summary report analyses some of the key themes provided from the responses to our recent survey.
By Michael Urie
G&T’s Market Update Q2/2022 provides an overview of the UK construction market. With renewed global supply chain and inflationary pressures impacted by the conflict in Ukraine, our latest report highlights changes to key macro-economic indicators and the latest trade package and tender price inflation forecasts based on our quarterly surveys and regular discussions with the supply chain.
By Michael Urie
New ONS data revealed record-high construction output volumes in Q1 2022, which rose by 3.8% on the previous quarter. Repair & Maintenance work was the key driver of output growth, helped by storms in February and the return of office working which has increased demand for refurbishments.
By Michael Urie
UK construction output rose by 1.4% in January month-on-month, reaching its highest level since September 2019.
By Michael Urie
After some encouraging signs that pandemic-related supply issues were beginning to ease and construction material price inflation subside towards the end of 2021, global markets have been hit by another major supply shock.
By Michael Urie
Back on track as growth returns! In our latest Market Update we’re seeing fluctuations in material prices and challenges ahead but an increase in new orders across the industry shows a positive attitude to securing future pipelines.
By Michael Urie
Supported by a strong five-year spending plan, infrastructure will be the major drive of growth in 2022.
By Michael Urie
The IHS Markit/CIPS UK Construction PMI rose to 55.5 in November 2021, up from 54.6 in the previous month, indicating a robust and accelerated expansion of overall construction activity as commercial work rose the most since July.
By Michael Urie
G&T's Market Update for November 2021 provides an overview of the UK construction market. Against a backdrop of ongoing supply chain issues and rising costs, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the IHS Market/CIPS UK Purchasing Managers' Index (PMI) construction output, new orders and key material costs.
By Michael Urie
The National Infrastructure Commission has set out nine priority areas most in need of investment over the next 10-30 years in order to decarbonise the economy, protect the environment and 'level up' poorer regions.
By Michael Urie
G&T's Main Contractor Survey report for October 2021 provides an overview of some of the key trends and themes generated from the responses given to our recent Main Contractor survey.
By Michael Urie
The Chancellor’s theme for this Budget was to build a stronger economy for the British people. This was a fairly quiet Budget for construction and property. However, our Construction & Property Tax team have summarised the key issues for this sector.
By The Tax Team
Over the last 25 years, UK Plc has had a relatively stable growing economy. Consequently, fluctuation clauses, intended to deal with variations in costs such as labour, transport and materials, are now often omitted from contracts. In fact it is quite likely that most construction professionals practising today have never worked on a project with fluctuating clauses. But, in the current economic climate where we are experiencing significant volatility in material prices, should we be reinstating these clauses to protect our clients? Or are there other measures we can take to manage this risk?
By John Alderson