A raft of measures will be released to bring sweeping reforms to the way Government procures public sector construction and infrastructure.
Details of the plan to slash costs by 20% were unveiled in the construction section of the Government Plan for Growth document published alongside the Budget.
The Government wants encourage standardisation rather than bespoke designs. It also plans to set clear criteria for asset performance and introduce new models of procurement.
Reforms are being framed encourage contractors to bring forward innovative solutions rather than participating in bureaucratic and wasteful procurement processes.
As a first step to improve the industry resource planning, the Government pledged to publish every quarter a two-year rolling review of projects.
All central Government departments will be made to enter projects on the public sector construction database where funding has been agreed.
Green book nine point plan for construction growth
Publish long term forward list of projects and programmes in the autumn as part of the National Infrastructure Plan 2011.
Publish quarterly rolling two-year pipeline of projects where public funding agreed.
Reform public sector construction and infrastructure procurement to reduce costs by up to 20%.
Provide Government equity loans, jointly funded with house-builders, through a FirstBuy programme assisting over 10,000 first time buyers to purchase a new-build property.
Accelerate the release of public sector land to encourage new homes and jobs.
Strengthen demand for residential property by reforming the stamp duty land tax rules applied to bulk purchases.
Introduce a range of measures to remove barriers to entry for new Real Estate Investment Trusts.
Government to review construction standards and codes to take out redundancy and duplication where the costs outweigh the benefits.
Ease 2016 zero carbon targets to ensure building new houses is viable.