Markit/CIPS UK Construction PMI: September

Markit/CIPS UK Construction PMI: September

A summary of September’s data highlighted an upturn in business activity across the UK construction sector for the first time since May, primarily driven by a recovery in residential building. New orders also rebounded during September, which ended a four-month period of sustained decline.

Survey respondents cited improving confidence among clients and a reduced drag on demand from Brexit-related uncertainty. Reflecting this, construction firms indicated a further recovery in their business expectations for the next 12 months, with optimism the strongest since May. Read the report here.

Meet the Buyer Event: Win New Work

Meet the Buyer Event: Win New Work

There will be a two-day industry meeting and networking event on 7 & 8 November at the Marriott Grosvenor Square Hotel, Mayfair. With build, design, fit-out and maintenance projects in the hotel, hospitality, leisure, retail and healthcare sectors this is an opportunity for face-to-face meeting sessions between active buyers with projects and suppliers. There will also be networking functions and an industry dinner. For more information, or to book, visit www.platformeventsuk.com/events/construction-design-platform

CPA Weekly Notes

CPA Weekly Notes

The Construction Leadership Council’s Innovation in buildings workstream aims to embed new approaches to all phases of the construction process for buildings, utilising work already in progress such as the Digital Built Britain strategy and Modern Methods of Construction (MMC). The CLC has published a report following a one-day workshop in April. Access a summary of the findings and the report via the Weekly Notes here.

Project Bank Accounts

Project Bank Accounts

Following the successful completion of the trial programme recommended by the Review of Scottish Public Sector Procurement in Construction, the Scottish Government is introducing project bank accounts on public work projects to protect subcontractors from insolvency and payment abuse. From 31 October, project bank accounts will be a tender requirement on building projects over £4m and civil engineering projects valued over £10m. Visit the Scottish government website to read more.

CITB funding

CITB funding

The next CITB Flexible Funds application window will open on 18 October and close on 14 November. To date, CITB has awarded £13m through these funds to stakeholders. Full listings of approved projects can be found on the funding page.

In early October, there will be a series of webinars and workshops to raise awareness of the funds, and how eligible organisations can apply. These workshops and webinars are intended specifically to support organisations looking to make an application in window five.

If you would like to join a funding webinar or attend a workshop, click here. For more information about CITB funding or to apply, visit the website.

Property Flood Resilience Action Plan published

Property Flood Resilience Action Plan published

As part of its National Flood Review, DEFRA has now published the action plan which sets out recommendations from the Property Level Flood Resilience Roundtable, chaired by Peter Bonfield. In 2015, the roundtable was asked to look at ways to help people protect their property and businesses from the effects of flooding. The action plan sets out what the group has done so far, what it plans to do in the future, and its recommendations to government.

CPA Weekly Notes

CPA Weekly Notes

This week’s Notes include details on the publishing of CPA’s Construction Industry Scenarios for Summer 2016. Due to the post-Referendum period of political and economic uncertainty, the CPA has developed a central scenario with higher and lower bound reflecting the extent of the uncertainty, rather than produce the standard point estimate forecasts. The CPA’s construction industry scenarios go to the end of 2018, prior to the anticipated period in which the UK leaves the EU. Read the Notes here.

CPA Weekly Notes

CPA Weekly Notes

This week’s Notes include the HSE’s new strategy ‘Helping Great Britain Work Well’ which incorporates six themes; Supporting Small Employers, Tackling ill Health, Keeping Pace with Change, Managing Risk Well and Sharing Our Success. Visit the HSE website for a full outline of the strategy. Read the Notes here.

Markit/CIPS UK Construction PMI: September

Markit/CIPS UK Construction PMI

At  49.2 in August, the seasonally adjusted Markit/CIPS UK Construction Purchasing Managers’ Index® (PMI®) remained below the 50.0 no-change threshold for the third consecutive month.

However, the index was up from July’s 85-month low  (45.9), and the latest reading signalled the slowest pace of decline since the downturn began in June. Read the report.