Infrastructure investment on the rise, says survey
Infrastructure contractors are warning against complacency after workloads in the sector jumped up to a six year high. The warning follows the results of the Civil Engineering Contractors Association (CECA) workload trends survey for Q3 2013, which reveals a significant rise in the number of companies reporting increasing activity.
According to the survey, 58% of firms are seeing more work in the past 12 months than the same period a year ago. Just 14% reported falling workload, producing a balance of 44%. CECA said this is "a massive rise" on the figures for Q2, where the balance was –2%.
Workload figures have been in the red throughout much of the downturn. The last time figures were more positive was in 2007.
Contractors expect these positive conditions to continue, with a balance of 40% predicting they will have more work in a year’s time than now.
CECA director of external affairs Alasdair Reisner welcomed the boost to activity, but warned that concerns remained for the sector. He said: “After the challenges of recent years it is encouraging to see some real growth in workload for the UK’s civil engineering contractors.
“We recognise that this growth has been supported by the actions of government, which has worked with industry to unlock vital infrastructure investment projects across the country. However it is essential that as the wider economy returns to growth, there is no loss of focus on the continuing need to invest in our national transport and utility networks.
"A booming economy does not remove the need to tackle congestion and energy security – in fact it makes tackling these issues even more critical.”
- Environment regs and procurement rules among sector's Brexit concerns The future of environmental regulation, EU-funded research and cross-border transactions in the supply chain are among the... Read More >
- Utility Week Live inc IWEX opens today Utility Week Live incorporating IWEX, the only exhibition dedicated to the operational and technical needs of the UK's... Read More >
- Sir Brian Bender appointed as new Water UK chair Water UK has appointed Sir Brian Bender as its next independent chair. Read More >
- Drilling and Tapping: The Mains Man Jason Barratt's skill in drilling and tapping water mains has led to him competing around the world as well as advancing... Read More >
- A Time to Skill: how can water face its workforce challenges? Faced with the double challenge of an ageing workforce and a potential barrier to bringing in EU talent due to Brexit, how... Read More >
- Reliability engineering key to resilience As a result of the 2014 Water Act and Ofwat, water companies are increasingly studying how resilient they might be to... Read More >
- Comment: A dynamic response to change Market changes in the water industry mean that contractors must step up play a bigger and more responsible role in... Read More >
- Interview: Prof Rudi Klein, chief executive officer, SEC Group "The wait - that is the real problem," says Professor Rudi Klein on the subject of cash retentions in construction... Read More >