Industry Analysis & Industry Trends
Constructing everything from hospitals to hotels, offices to fast-food restaurants, and sporting stadiums to schools, the Commercial Building Construction industry plays a vital role in the UK economy. The industry's performance fluctuates in response to trends in the business cycle (e.g. company profitability and employment), and household and government spending. Therefore, the industry is a barometer of how well the economy is travelling.
The industry is forecast to generate revenue of £26 billion in 2011-12, a 5.5% decline from the previous year, and industry value added is approximately £6.50 billion, or 0.4% share of GDP... purchase to read more
Industry Report - Starting a New Business Chapter
There are no specific barriers to entry into the industry once a contractor has obtained appropriate registration to tender for commercial building contracts. This registration is subject to trade qualifications and accreditation under the Construction Industry Training Board (CITB). Contractors must also be VAT-registered and have adequate public liability insurance to cover the scale of the project. Given that most participants in the industry have evolved from specialist construction trades or with recognised industry or tertiary-based building qualifications, CITB registration does not pose a barrier to entry... purchase to read more