In 2016, the UK construction contributed almost £100 billion to the UK economy, or about 6% of GDP and forecasts suggest that even with the changing economic climate.
Infrastructure projects will continue to see an annual average growth (5.4%), with private housing also expected to achieve a 2.2% annual average growth over the next five years. There’s no doubt that the UK’s construction industry is going through some significant changes, and those in the industry should be putting into place some contingency plans to adapt. An important factor in any organization within the construction sector is to ensure they have the right tools at their disposal, especially if they want to take advantage of the opportunities that these changes present. Purposeful collaboration is key to this and should be a major consideration to be included in their strategy.