Uphill struggle

Article Abstract:

Gallup questioned 80 UK construction firms on forecasts for 1993. Over 50% believe that the construction market will improve. Seventy-seven per cent intend to increase business in social housing, 42% in industrial building and 38% in retail construction. The West Midlands is favoured by 41% as the best regional market, the South East by 40% and the East Midlands by 39%. Insolvencies are expected to remain at 89% and 39% will make further job cuts. Salaries will remain static for 59%. Seventy-two per cent believe that interest rates should fall by another 2%.

United Kingdom, Gallup Poll

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Building/Barclays construction forecast

Article Abstract:

Barclays Bank details a 2-year economic forecast for the UK construction industry. Construction is expected to decrease during 1993 by 2.3% and increase by 1994 due to a housing sector recovery. Commercial and industrial sector output decreased by 11% and private repair, maintenance and improvement by 10% during 1992. Public sector work output decreased by 3% in the first Qtr of 1993 because of the decline in repair, maintenance and improvement work.

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Things to come

Article Abstract:

Michael Latham believes that a trend for partnerships during the design and construction process will develop. Standards will rise as latent defect insurance becomes more common, and insurance companies become involved in site inspections.

Standards, Insurance, Column, Architectural design

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