Data

CYBER WARNING Cyber attacks in the construction sector accounted for nearly 6 per cent of all incident responses from cybersecurity specialist Kroll during the first quarter – double the percentage in Q1 2023. In its latest quarterly Cyber Threat Landscape Report in May, Kroll said: “The reason for these rising…

The “seismic” outcome of the general election is expected to boost key parts of the construction industry. In particular, strong improvements should come in the private housing, retail and office refurbishment sectors, according to Glenigan’s construction industry forecast for 2024-26. Although the data specialist warned of “near-term challenges”, including slow…

Civil engineering costs will rise by 14 per cent over the next five years, according to forecast data from the Building Cost Information Service (BCIS).  The data company said tender prices for civil jobs will also increase by 22 per cent over the same period – which stretches to the…

UK construction activity grew for the fourth consecutive month in June, according to a leading metric.  The industry registered activity of 52.2 on the S&P Global UK Construction Purchase Manager’s Index (PMI) last month – above the no-change mark of 50.  S&P said the reading “signalled a sustained improvement in…

The volume of construction administrations has increased for the second consecutive month, Creditsafe data shows. A total of 31 businesses went into administration in June, compared with 24 in May and just 13 in April. Despite the uptick, the figure of 68 failures for the second quarter (Q2) of 2024…

Underlying construction activity will rise slightly this year as an early election and strengthening economy provide more confidence to investors, a key report has predicted. Industry intelligence specialist Glenigan forecasts a 3 per cent increase in 2024 in projects worth under £100m getting underway on site. Its report then predicts…

465,000 The number of construction workers that have left the industry since 2008, according to recruitment agency Randstad. Simon Harris, Randstad UK head of construction recruitment, said: “Construction employers without a bulletproof long-term workforce plan will find the going very hard indeed. It will make the 2007 war for talent…

Construction output fell for a third consecutive month in April as heavy rain and strong winds buffeted the UK. Construction output fell 1.4 per cent from March, down to a total value of £14.94bn - the lowest level since June 2022, according to the Office for National Statistics (ONS).  Output…

Construction tender price inflation is set to grow from 2026 amid capacity issues caused by two-stage procurement and delays due to the Building Safety Act, a new study says. The summer survey from Arcadis predicted that inflation on residential and commercial construction projects will reach 5-6 per cent from 2026…

New office construction in London has dropped by almost 20 per cent while refurbishment starts have fallen by a quarter, according to a new survey. A total of 42 new schemes broke ground in the capital from October 2023 to March 2024, data from Deloitte’s latest London Office Crane Survey…