G&T’s latest Main Contractor Survey revealed a host of insights on the current state of the UK construction market. The contractors that responded to our survey are among the most time-served and financially secure construction companies trading.
Some of the highlights from our latest report include:
- Secured workload levels align closely with previous surveys. On average, contractors have secured 89% of their workload for this year, but there is greater disparity in secured workload levels for 2025 and 2026.
- Contractor on-costs rise marginally compared to our 2023 report. With robust forward pipelines and confidence that new work volumes will recover, OH&P increased for every project value range.
- Half of surveyed contractors continue to report labour availability issues. Labour availability is not expected to improve significantly over the next year.
- Material price inflation and lead times have both stabilised. Inflation has returned to more typical levels and materials are generally available within standard lead in periods.
- Main contractors' biggest concerns are regulatory and government red tape, supply chain insolvencies and cash flow issues as well as a lack of confidence in investing in new projects.
Download the full report here.
