30th January 2018
Modernise or Die is the stark message from the Telegraph this January. All things point to technology adoption and improving the operational aspect of business this year. Some positive figures were released this month – with house-building hitting a 10-year high at the forefront. Keep reading for the latest construction industry news and insights
In light of construction giant Carillion’s closure news, The Telegraph Business report that businesses within the construction industry must modernise their operations, or face the same fate. This comes as no surprise considering the challenges faced by the industry - skills shortage, labour cost and material costs, to name a few. Transforming operations and using digital technology to create smarter ways of working will be vital to survival.
The Independent reports, UK construction companies had their best year in a decade for new house building in 2017. With Theresa May’s goal to build 300,000 houses in 2018, the year ahead also looks positive. In an Article by The Construction Index, Steve Wood, Chief Executive at the National House Building Council commented, “NHBC will continue to work with the industry to help raise the standards of new homes. With 6% growth in the quantity of new home registrations, the focus on delivering quality for consumers remains critical.”
Construction output in Ireland grew by 18% in 2017, with continued growth expected in 2018. Similarly, construction in Northern Ireland has risen by 11.6% in value, compared to 2016. These statistics have come from The Aecom Ireland Annual Review of the Construction Industry, which surveys professionals in the construction and property sectors in both the North and South of Ireland.
A recent Government survey highlighted that senior management in construction were less likely to view cyber-security as threat than the all-sector average. With many firms being victim to such attacks in recent years, Construction News are questioning, what will it take for the industry to act?