- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 26 Jun 2020
Construction slump - perfect storm
Statistics come out about the construction industry every week. And they always seem to be bad. But what do they really mean?
How does the economic outlook today compare with the last ten years?
Here are a few of the headlines:
- Private sector construction collapsed after the credit crunch.
- But the public sector stepped in with a massive increase in spending, so overall the industry didn't fair too badly until the beginning of this year.
- Over the last 6-9 months however public sector funding has started to dry up.
- As a result, right now, total output is 9% lower than it was in 2002.
- If public sector cuts continue, the private sector will need to grow by more than a third of a billion pounds a quarter just to maintain current output.
- At the moment there are no signs that the private sector is growing.
Click on the link below to read the report:
Or download it as a PDF with bonus comments and possible solutions from David Trench:
See our suggestions for how to get construction back on track. Just click on the Discussion link at the top of this page.
Featured articles and news
Eight forms of resource optimisation.
CIOB responds to Chancellor Sunak's announcement on jobs and the economy.
Revised guide to competition rules available.
Brick slip soffit systems and intricate brick features.
An innovative engineering approach could have had tragic consequence for NYC.
Some secrets behind how canals work.
Breaking down possible steps of pre-contract management.
ICE event includes comments from Welsh Government Minister Julie James.
How to write them and what they should include.
Designing Buildings Wiki becomes the world's first website to adopt the new knowledge standard.
Assessing the most beneficial design elements.
Exploring different types of vinyl flooring.