Insights 11th September 2018 construction industry

Our Richard Cooper was recently asked to contribute to an article by the Manchester Evening News. Particularly, Richard focuses on the skills shortage affecting the city’s construction industry.

The Construction Skills Crisis: About the article

Noting the effect this can have on the quality of the final build and the ability of contractors to meet deadlines, he pointed out how project managers need to understand the pressures this bring to their programs and adapt accordingly. From the article:

The scale of the problem is immense.

The standard profit margin for construction contractors hovers around 2 per cent and yet, according to some contractors, wages for in-demand trades like joinery have rocketed by as much as 20pc in a single year.

Clearly, this scale of cost pressure cannot be sustained for long without endangering the profitability, perhaps even survival, of some contractors.

To read the full article please click here.