A new report produced by industry analysts Glenigan on behalf of the Construction Industry Training Board (CITB) examined the state of the UK construction industry. It found that while issues remain with regards to projects coming in on time and on budget, there was good news with regards to their energy efficiency.
The 2015 UK Construction Key Performance Indicators (KPI) Annual Report, published last Thursday (17 September), shows that overall efficiency was up, with the median profit margin rising from 2.1 per cent in 2014 to 2.8 per cent this year. Moreover, the median energy use per 100 square metres currently stands at 1,970 kg of CO2, which is well down from 2,254 kg last year and less than half the 4,414 kg recorded in 2003.
In terms of budgets, seven out of 10 (69 per cent) of projects ended up costing the expected amount, which is on a par with 2014 as the best ever performance on this measure. However, construction projects were still failing to be completed on time, with just 40 per cent finishing by the scheduled time or sooner - this is below the average of 45 per cent that has been recorded since 2003.
Stephen Radley, director of policy at CITB, commented: "There are many positive results in this year's report, but it shows there is no room for complacency.
"We welcome the return to growth, but project delays shows that the skills challenge is an issue for many across our industry. That is why CITB is working with partners in industry and government to deliver the skills that industry needs to grow."
The organisers of UK Construction Week event, which will take place from 6-8 October at the Birmingham NEC, have said that it is going to focus on ways of solving the industry’s ongoing skills shortages.