“Buy your diggers now” urges KPMG

Grant Prior 11 years ago
Share

KPMG’s head of construction is warning contractors they must invest now for the recovery or get left behind by their rivals.

Richard Threlfall, KPMG’s Head of Infrastructure, Building and Construction, was speaking after the latest  Markit/CIPS construction index recorded a six year high in output growth.

Threlfall said: “The positive figures provide further evidence that construction activity is finally picking up and should convert even the most hardened pessimist.

“There has been a growing sense in the last couple of months that the worst is over and these figures certainly confirm that.

“Construction companies now need to invest in growth.

“What is holding back the industry is not lack of demand, but the ability of businesses to resource for it and recruit sufficient experienced staff.

“The next round in this highly competitive market will be won by those who have the resources to compete.

“Companies need to act now, because the industry’s resurgence is already underway.

“UK construction is back in growth, order the diggers before they sell out!”

Latest news

Six guilty of £2m bribery over Devon housing site deals

Corrupt building bosses and E.ON project chief and QS sentenced
17 hours ago

1,650 former ISG staff launch legal claims

Redundancy Payment Service facing payout of more than £9m
20 hours ago

Plans lodged for £1bn cancer research centre in Sutton

London Cancer Hub will deliver around 1m sq ft of lab and research space
2 hours ago

London Met Uni seeks firm for £284m estate revamp

Contractor wanted to deliver capital works and FM
2 hours ago

Delayed £2bn estate rebuild back on as Berkeley signs deal

Birmingham council development agreement paves way for 2028 Ladywood start
24 hours ago

Tilbury Douglas boosts margin to 2.1% as profits double

Firm targets 3.5% margin by 2029 under new business plan
22 hours ago

Subbies battle for fastest bricklayer title

Winchmore management team go back on the tools
23 hours ago

Green light for revised McLaren Reading revamp

Mixed-use plans to transform Broad Street Mall site
2 hours ago

Three arrested in Blu-3 and Mace bribery probe

Serious fraud office swoops over alleged £3m bribes to former Mace associates
1 day ago

Scotland’s most complex A9 dualling job heads to market

Market testing starts for £205m Pitlochry to Killiecrankie 6.4km upgrade
1 day ago

Unite signs £390m student beds JV with Manchester Met

Construction at Cambridge Halls site to start next year
1 day ago

Turkish contractor Limak to build new Luton Town stadium

Construction to start this summer on 25,000-seater venue
2 days ago

Kitchen fitter crushed to death by concrete blocks

House builder goes into liquidation before court case
1 day ago

Mears clinches £230m renewal for key Milton Keynes housing deal

Housing upkeep contractor achieves 100% renewal rate in bust rebid period
1 day ago

Murphy on board at new £32m rail station

Construction to start next year at Golborne station
2 days ago

HS2 engineers finish UK’s heaviest bridge slide early

A46 Kenilworth Bypass reopens 30 hours earlier than planned
2 days ago

Bowmer + Kirkland to build £190m Oxford science scheme

Work to start at end of next month on 180,000 sq ft Fabrica scheme
2 days ago

New BAM leisure centre pool springs a leak

Contractor investigating "technical issues" delaying new £36m green leisure centre
3 days ago

United Living lands £250m HyNet pipeline deal

Firm wins deal to design and build over 34km of pipework to collect CO2
2 days ago

Hydrogen diggers get green light to use roads

JCB hails historic decision for advance of hydrogen-fuelled plant on sites
2 days ago

Go-ahead for McAleer & Rushe Glasgow student job

£100m funding deal paves way for 591-bed student tower
2 days ago

Fly-tippers to get their vehicles crushed

Drones will be used to identify cowboy construction waste operators
2 days ago

Green light for £150m West End office revamp

Shaftesbury Avenue office retrofit retains 75% of original building
3 days ago

Morgan Sindall lands £30m Brunswick Wharf scheme in Bideford

North Devon waterside project will provide 100 flats
3 days ago

Former Keltbray managers jailed after corruption trial

Jail sentences following bribery probe on jobs including Battersea Power Station
4 days ago

Lidl pumps £500m into store and logistics expansion

Discounter plans 40 new stores this year as expansion ramps up
3 days ago

JJ Rhatigan UK profit jumps as turnover tops £150m

Irish contractor's expansion in England gathers pace
3 days ago

Driverless digger to be used on Taylor Woodrow site

Autonomous excavator to work at Manchester Airport after successful trial
3 days ago

MCS Build lands Basingstoke warehouse scheme

Construction starts this month after £26m funding deal
3 days ago

Leeds United unveil stadium revamp design

Club has still to set a timeframe for staged Elland Road upgrade
3 days ago

Contractor services