Building magazine: Industry facing host of issues trying to plot recovery, RLB forecast warns

June 18, 2020.

Building magazine: Industry facing host of issues trying to plot recovery, RLB forecast warns

“Fragility underlies confidence within the market” is how Building magazine recently reported RLB’s thoughts on the Tender Price Forecast for Q2. Covering off commentary on the economic forecast, the article also features regional and sector insights and the predicted impact of COVID-19 on the tender prices. Here is an extract from the article.


Hockey stick-shaped comeback the most likely for construction, consultant adds

Rider Levett Bucknall has warned the industry is facing a host of problems as it tries to plot a path to recovery from the COVID-19 crisis.

The firm’s latest tender price forecast said top of firms’ in-trays were productivity rates, access to materials, worries over an overseas workforce deciding not to head back to the UK and concerns about upcoming pipelines of work.

It said overhead and profit levels are tightening, while main contractors were looking to increase competition amongst the supply chain, through bigger tender lists, which would impact on the bottom line of suppliers.

And it added the industry’s “overwhelming concern has been for pipeline status. Fragility underlies confidence within the market.”

 

Read the full article on building.co.uk

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About RLB

With a network that covers the globe and a heritage spanning over two centuries, Rider Levett Bucknall is a leading independent organisation in cost management and quantity surveying, project management and advisory services.

Our achievements are renowned: from the early days of pioneering quantity surveying, to landmark projects such as the Sydney Opera House, HSBC Headquarters Building in Hong Kong, the 2012 London Olympic Games and CityCenter in Las Vegas.

We continue this successful legacy with our dedication to the value, quality and sustainability of the built environment. Our innovative thinking, global reach, and flawless execution push the boundaries. Taking ambitious projects from an idea to reality.