What’s the big deal with the gender pay gap?

What’s the big deal with the gender pay gap?

The gender pay gap is not something the construction industry likes to talk about. Mostly because whenever statistics are released, they’re named as one of the biggest offenders. The average median hourly pay gap for women across all industries is 18.4%. However, in construction this ramps up to 25%. For some individual main contractors the…

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How can Tier 1 Main Contractors shape the industry for the better?

How can Tier 1 Main Contractors shape the industry for the better?

In decades past, industry performance was gauged by how the big players were performing, and since 2008 there have been few positive results. However, a new trend is emerging, with mid-size contractors showing higher margins and better productivity, despite the continuing challenging economic times. It’s been a wake-up call for the industry, and particularly tier…

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A High Speed dream that’s fast becoming an ugly reality

A High Speed dream that’s fast becoming an ugly reality

Back in 2009, when the idea of a high speed railway linking the north and south of Britain was introduced, it sounded like a fine idea. It would cut travel time between major commercial centres and provide much needed infrastructure and investment all along the route. However, 10 years down the line the project has…

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How big a slice do the big cheeses get – and are they worth it?

How big a slice do the big cheeses get – and are they worth it?

As many of the tier one contractors continue to post poor profit margins the question can be asked: Are the top execs really earning their keep? Interserve’s CEO came under fire earlier this year for drawing a large bonus when the company continued to report massive losses. Compare the tables below  against financial results in…

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Be prepared to pay more

Be prepared to pay more

If contractors thought their margins were tight before, they’re about to get worse. As the Brexit deadline looms and the governments are no closer to a deal, companies are being warned that they should prepare for the worst. But what does this “worst” look like and what will be the direct impacts on profits? Supply…

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Fit for purpose – The Construction Act

Fit for purpose – The Construction Act

While a great deal of noise has been made about retentions and late payments in recent months, it seems not a lot has changed. Despite promises to the contrary, subcontractors are still feeling the pressure of balancing cash flows. With the biggest main contractors reporting slim to no profits the chances of them making good…

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What can make a difference to boosting profits in construction?

What can make a difference to boosting profits in construction?

The construction industry has taken a couple of hard knocks this year and while in some sectors prospects are looking up with increased output and funding becoming available for major infrastructure projects, contractors are not nearly out of the woods. With the recent report on the top 100 contractors reflecting poor profits it is clear…

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Brexit: Planning for the unknown

Brexit: Planning for the unknown

While the news carries reports of continued failure of Governments on both sides to reach agreement terms for Brexit, the deadline continues to creep closer. In just over 7 months, with or without an agreement in place, Britain will no longer be part of the EU. And exactly what this will look like in business…

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Mind the Gap – the Underground’s about to get connected

Mind the Gap – the Underground’s about to get connected

London is soon to follow in the footsteps of several other major cities. TfL has announced its plan to provide commuters with WiFi connectivity on the London Underground from 2019. It’s great news for commuters but making the business case work for contractors is going to be a little harder. Various attempts have been made…

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How will the NIC budget proposals impact recruitment?

How will the NIC budget proposals impact recruitment?

The recent National Infrastructure Commission report highlighted several issues in the industry. Amongst other things that productivity in terms of the development of infrastructure is below the national average in almost every major city in the UK. To address this the NIC’s recommendation was to implement 5 year budget cycles covering smart technology implementation, routine…

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Act on late payments before it’s too late

Act on late payments before it’s too late

The issue of retentions and late payments has been in the spotlight more recently following the Carrillion collapse. But the reality is that this practice has been ongoing for years and it’s having a major impact on SME’s who make up an important sector of the construction industry. The tough current economic times are making…

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More major projects in the pipeline than on the ground

More major projects in the pipeline than on the ground

It’s been a bit of a rollercoaster ride for the infrastructure construction sector in recent years largely due to funding issues. With the majority of funding coming from public sources, changes in budget allocations and budget cuts have put a stranglehold on many project developments. However, if the latest AMA Research report is anything to…

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