Industry faces a bright future: uncertainty over the policies of the new government on labour, PFI and housing have caused a hiccup in a generally strong period of growth

Article Abstract:

Construction expenditure will be affected by growth in the general economy over the coming years, and there should be benefits for the industry from higher capital investment spending from the private sector. Policies that will affect the industry include backing for the Latham recommendations, and the phased release of around 5 billion pounds sterling of social housing capital receipts. A continuing topic of debate is construction expenditure in the health sector, and it is hoped the government will take a positive view of required new schemes.

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No need to gamble on risks

Article Abstract:

Risk analysis is most effective when undertaken at the feasibility stage of a construction project and at each subsequent key project-sponsor approval stage throughout the project. The most important element is risk identification, for which a clear understanding of the project is required. Risk identification will become increasingly significant as construction projects grow in size and complexity.

Analysis, Risk assessment

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