It has been predicted by the head of infrastructure, building and construction at KPMG that 2017 will bring both “feast and famine” for contractors depending on which sector your company specialises in.
It is thought that due to the increased spend by the Government and utilities companies on roads, rail and energy investments, contractors in the infrastructure sector will see more work and opportunities.
On the other hand, contractors who work on more commercial projects will see a drop in projects due to the delayed investments by investors, as they continue to wait for more clarity on Brexit. However, we have seen many great projects starting across the UK over the past 12 months, so it’s not all doom and gloom. We recently conducted a survey asking our customers what they thought Brexit meant to the construction industry, see the full results here.
On top of this sector divide we will also see significant regional variations. The Midlands will see a huge benefit from investment due to HS2. Projects such as Heathrow and Hinkley Point will also help with opportunities in the surrounding areas.
We believe though that the key to success this year hinges on the ever growing skills gap. This is a key area we feel all companies within construction need to focus on to help win and deliver projects.