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2023 industry recession to be deeper than first forecast

Construction Enquirer

Construction output is now expected to fall by 6.4% this year after economists at the Construction Products Association sharply downgraded forecasts for the second time. Key points of Spring forecastConstruction output falls by 6.4% in 2024 • Industrial output to rise by 1.1% fall in output.

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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.

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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%

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Improve Cash Flow Forecasting with Autodesk Construction Cloud

Autodesk Construction Cloud

Without being able to accurately forecast cash flow, making important decisions about the future of your firm or projects is a risky venture at best. The challenge with forecasting is that it’s often a time-consuming process making sense of scattered data , various spreadsheets, and multiple disconnected processes or systems.

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6 Ways the COVID-19 crisis will reshape the construction industry

Lets Build

The study points out that even if companies have policies in place to deal with such risks, they are not activated until it is too late. Organisations tend to not take the risks seriously until they manifest fully. Here are some of the ways the novel coronavirus crisis will reshape construction.

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How Brexit Will Affect The Construction Industry – Infographics

Lets Build

The UK remains uncertain of the full impact the EU referendum will have and how Brexit will actually affect the construction industry. Many businesses within the construction industry employ EU labour because it is cheaper. Find Here: Modernise Or Die: The Need For Change In Construction.

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Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

While many businesspeople swear by hard work and technical proficiency as the key ingredients of success, within the construction industry, there is a broader understanding that success is built on more than just structural expertise and hard work. When is the Right Time to Implement Construction Accounting Software?