The latest statistics from trade association and market intelligence provider The Builders’ Conference reveals no signs of an increase in available tenders.
Trade association and market intelligence provider The Builders’ Conference has just published its analysis of tenders submitted in the first quarter of 2013 and they demonstrate no signs of ‘green shoots of recovery’ as the number of new construction tenders remain very similar to the previous quarter.
“The worst recession in construction since the great depression is not over yet and with no major shovel ready projects lined up, businesses will have to maximize what contracts they currently have” says chief executive Neil Edwards.
The number of projects tendered in the period is down 3% compared to the 4th Quarter of 2012 and down 9% on the same Quarter in 2012.
The value of these projects in the period is also down 60% (last quarter had 2 exceptional projects which have made this differential figure so large) compared to the 4th Quarter of 2012 and down 15% on the same Quarter in 2012.
Looking at the data by work category, red figures are still more prevalent than black over the period with the Rail sector being worst hit mainly due to Cross Rail projects already well under way.
By way of public spending this has slightly increased in the 1st Quarter where as the private sector has decreased by 7% showing the Coalition Governments idea of the private sector taking up the slack of capital expenditure has not quite come to the fore yet!