Heading for trouble?
Language: English Series: QS Week ; (21) 14 september 2005, 12(1)Publication details: 2005Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L131046 (Browse shelf(Opens below)) | 1 | Available | 131046-1001 |
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.