the new era for construction companies

A new era for construction is here, with ef�ciency at the heart of everything. The recession sent property markets into a tailspin and as both public and private sectors turned off the taps, billions of pounds of work disappeared.

The Of�ce of National Statistics says construction's output crashed from £102.5bn in 2007 - to just £88.6bn two years later.

RECESSION TOOK A HEAVY TOLL

Inevitably, morale suffered and, in January 2013, a

national workplace study revealed almost

Employment in the construction industry also nosedived; from its 2007 peak of 2.29 million to barely two million by the end of 2013.

The Department for Business, Innovation & Skills was so concerned, it asked consultants EC Harris to analyse construction supply chains. In October 2013, their report identi�ed massive fragmentation and inef�ciencies and the need for radical change was evident.

three-in-four construction employees (72%) felt they'd

suffered most from recession,

against less than half (47%) across all industries.

SOFTWARE IDENTIFIED AS CRUCIAL

One of the industry's biggest players, Balfour Beatty, had already set about transforming its

supply chains, having identi�ed the greater use of software for construction as critical, driven by its

BIM (Business Information Management) strategy.

The �rm's director of BIM, Peter Trebilcock, stressed his organisation's commitment. “It's a more ef�cient way of working that will more than pay for the investment.”

Now, with Help to Buy extended until 2020, house-building is driving construction forward, but Turner & Townsend's MD, Steve McGuckin, still counsels caution.

RAPID EXPANSION AFTER SUCH A LONG AND LEAN PERIOD MEANS SOME GROWING PAINS ARE INEVITABLE, BUT WITH CAREFUL COST PLANNING, THE BUSINESS RISK ASSOCIATED WITH GROWTH CAN BE MITIGATED.”

“

TAKEAWAYS:

Old-school doesn’t work in this new era. Change - or you’ll be

another casualty.

Learn from the best. Software for

construction delivers bottom-line bene�ts.

Cost planning must be the cornerstone of your new growth

strategy.

WWW.EQUE2.CO.UK

THE NEW ERA FOR

CONSTRUCTION COMPANIES

Ef�ciency is critical in our post-recession climate and companies are turning to software for construction to deliver

their new strategies.

Discover how to keep your company growing in the new era for construction:

FIRM FOUNDATIONS: HOW CONSTRUCTION COMPANIES CAN KEEP GROWING IN THE

NEW ERA

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