Heading for trouble?
Fletcher, Jon
Heading for trouble? - 2005 - QS Week (21) 14 september 2005, 12(1) .
Looks at current state of UK construction industry. Claims changes in public sector procurement may have flattened out traditional peaks and troughs. However, new finance initiatives and regeneration projects are not usually handled by smaller firms. This is resulting in a downturn in their order books. Explanations for the drop in interim profits for larger firms include rising material prices, overrunning costs for individual projects and a lessening of home improvement work. However, some contractors argue that most firms have more work than they can cope with. Concludes industry is unlikely to be heading for recession.
Heading for trouble? - 2005 - QS Week (21) 14 september 2005, 12(1) .
Looks at current state of UK construction industry. Claims changes in public sector procurement may have flattened out traditional peaks and troughs. However, new finance initiatives and regeneration projects are not usually handled by smaller firms. This is resulting in a downturn in their order books. Explanations for the drop in interim profits for larger firms include rising material prices, overrunning costs for individual projects and a lessening of home improvement work. However, some contractors argue that most firms have more work than they can cope with. Concludes industry is unlikely to be heading for recession.