The Challenges And Opportunities For UK Construction Contractors The Challenges And Opportunities For UK Constructi | Page 2

T he construction sector has been subject to rocky times. One result of
such economic instability is the
downturn in the commissioning of
building projects. Construction
contractors have stayed positive in
the face of this, and at last there are
some signs of recovery.
The National House Building Council (NHBC) shows that there has
been an increase in new registrations on last year’s figures in the period
from February to April 2017. The NHBC registers new homes to be built
in the UK, so their statistics are a sure sign that there’s still demand for
housing.
So whether you’re a firm of concrete wall contractors or piling
contractors, be ready to bid on new
projects. But as any construction
specialist will tell you, finding and
bidding for projects can be
debilitating. In a challenging market,
the tried-and-tested method of
succeeding in bidding is an accurate
cost estimate and the lowest bid
possible. If you don't accurately
estimate the project costs, your firm
could be seriously out of pocket, even if you win the work.
Now, analyse your approach to winning work. Construction contractors
will benefit from taking new work and taking steps to create efficiencies
and savings in their tendering processes.