To Fix or Fluctuate
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?
Government publishes National Infrastructure and Construction Pipeline 2021 policy paper
The Government has published the National Infrastructure and Construction Pipeline 2021 policy paper – a forward-look at the pipeline of planned projects and programmes.
Lights, Camera, Action - Space! A Close-Up Look at the Studio Space Race in the UK
A streaming boom over the last few years has triggered heightened demand for fresh, new content. However, packed with big new productions, studios in the UK are struggling to keep pace with demand, triggering an influx of funding to provide new developments and expansions.
Strong pipelines in the month ahead are a cause for optimism
Strong pipelines in the months ahead are a cause for optimism, which should calm the nerves of firms concerned about a post-COVID slump. Project starts will see a return to pre-COVID levels in 2022, helped by the likelihood of the Government announcing a major retrofitting programme in the coming months.
Market Update - August 2021
G&T's Market Update for August 2021 provides an overview of the UK construction market. Against a backdrop of ongoing disruption caused by the coronavirus (COVID-19) pandemic and new Brexit trading rules, our latest report highlights changes to key macro-economic indicators over the reporting period, as well as construction-specific metrics such as the UK Purchasing Managers' Index (PMI), construction output, new orders and key material costs.
Construction activity in June expands at fastest pace since June 1997
Construction activity in June expanded at the fastest pace since June 1997 according to the latest PMI data, largely thanks to a sharp rise in new orders. The index rose to 66.3 with sharp increases in business activity seen across all three main areas of the construction sector.
Market Update Q3 2021
This market update webinar includes the latest market views, an overview of G&T's Tender Price forecast for Q3 2021, as well as an expert panel discussion on the ongoing opportunities and constraints following the COVID-19 pandemic and current fluctuations in the market.
COVID Recovery - Hold Your Nerve!
We live in strange times – a saying perhaps never more used than over the last 16 months. As we look forward to a post-COVID normality, is normality what we will get? The construction industry has seen materials price increases across a whole range of areas, giving the highest increase for 15 years. What’s causing this sudden spike in prices and how do we navigate through this period of uncertainty?
Construction work to the end of May 2021 up 5% on previous quarter
Glenigan's latest Construction Review shows that construction work starting in the three months to the end of May 2021 was up 5% on the previous quarter. The average value of jobs starting in the quarter was £5.395m - a 49% increase on the whole of 2020.
New orders and output rise again in May's construction PMI survey
New construction orders increased at the fastest rate since the survey began in April 1997 according to May’s IHS Markit/CIPS UK construction PMI. The total activity index rose to 64.2 in May (from 61.6 in April), indicating that the construction sector remains on a strong recovery path.