Industry Analysis & Industry Trends
The Commercial Building Construction industry has been recovering from a tumultuous period during the economic downturn, when private investment in commercial and industrial premises slumped in response to adverse trends in company profitability, employment and household spending. In the public sector, the government's spending cuts affected demand for institutional buildings like schools and hospitals. However, the Olympic Games and some landmark office developments provided some support for those operators based in or near London.
Increased business confidence stemming from a stabilising of the economy helped demand to recover from the recession-induced low in 2011-12... purchase to read more
Industry Report - Starting a New Business Chapter
There are no specific barriers to entering the industry once a contractor has registered to tender for commercial building contracts. This registration is subject to trade qualifications and accreditation under the Construction Industry Training Board (CITB). Contractors must be VAT-registered and have adequate public liability insurance to cover the scale of their projects. Since most participants in the industry have evolved from specialist construction trades or hold recognised industry qualifications, CITB registration does not often present a barrier to entry. The key problem for new competitors is trying to establish a foothold in the market without a reputation or proven track record... purchase to read more