article thumbnail

2023 industry recession to be deeper than first forecast

Construction Enquirer

this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Falling private new housing combined with recent government delays to major infrastructure projects has prompted the spring forecast downgrade from a previously forecast 4.7% fall in output. in 2023 and 1.2%

article thumbnail

Mace raises tender price forecast as wages rise again

Construction Enquirer

Mace has increased its tender price forecast in light of further inflation. The latest forecast balances the positive economic growth in the first quarter, the rate of material prices continuing to cool – but also the recent news that the UK economy continues to suffer from significant inflation. in London and 3.5% in London and 3.5%

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What the Latest Rental Forecast Means to Your Business

Construction Business Owner

The latest quarterly update to the 5-year forecast for equipment rental industry revenues released by the American Rental Association (ARA) continues to call for steady gains through 2021.

article thumbnail

3 cash flow forecasting tips for your next big construction project

Viewpoint Construction Technology

Considering these complexities, it’s easy to understand why, throughout the life of a project, a variety of things can change — directly impacting the original cash flow forecast. Here are three ways to ensure your cash flow forecast gets your project done on time, on brief and on budget. Create Rolling Enterprise Cash Flow Forecasts.

Cash Flow 130
article thumbnail

The Market Trends Driving the Transportation Industry in 2021

Construction Business Owner

The Market Trends Driving the Transportation Industry in 2021. However, E&S investment is forecasted to return to positive territory during the second half of 2020 and entering 2021. Elizabeth Manning. Fri, 02/12/2021 - 07:19.

article thumbnail

U.S. Construction Industry Forecast

Construction Business Owner

The United States construction industry is viewed as a key indicator of the strength of the American economy, consumer confidence and unemployment trends. As the unemployment rate declines, investment in both residential and commercial U.S.

article thumbnail

ANZ Construction Industry Forecast—Part 1 of 2: Challenges for the Next Five Years

Viewpoint Construction Technology

Part 1 of this two-part series looks at the challenges Australian and New Zealand contractors are still facing and what that means for work ahead.