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Home Latest News Scottish construction sector confidence at record high

Scottish construction sector confidence at record high

The quarterly Scottish Construction Monitor from the Scottish Building Federation (SBF) indicated that confidence levels were three points higher than at the end of last year, up to 29. The reading is its highest since records began in 2008.

The Q1 2015 report’s confidence reading has seen seven consecutive quarters of positivity from 2013.

The quarterly survey is compiled from the responses of over 60 Scottish businesses, ranging from small to large, all of which are members of the construction trade body, SBF.

The report on confidence levels comes in the month before new regulations regarding health and safety responsibilities for domestic projects come into force, a move likely to add costs for those in the industry.

The research looked at the potential impacts of the Construction (Design and Management) regulations. Of those who took part in the survey, nine in 10 (94 per cent) said they were fully or partially aware of the new regulations, with a further two-thirds fully or partially prepared.

Nearly two-thirds of respondents said that they believed the regulations would bring about extra costs, and one-third said that complications in health and safety compliance would arise.

Scottish Building Federation managing director Vaughan Hart commented: “It's good to see confidence within the Scottish construction industry up once again for the first three months of 2015.

“We continue to monitor the industry's performance carefully since certain sectors of the industry still offer significant scope for improvement over the coming months.

“In order to be sustainable, it's important that the industry's recovery is suitably balanced across all sectors.”

He added that the CMD regulations only emphasised the need for customers to make sure they only select contractors that are fully qualified and reputable to perform any construction work at their home.