Despite it being 2024, the UK construction industry still needs to catch up and embrace modern methods of construction (MMC). Its potential to accelerate the journey to net zero carbon goals and shape the future of construction sustainability is a no-brainer. Traditional construction methods continue to dominate, leading to inefficiencies, higher costs, and increased environmental impact. According to a McKinsey Global Institute report, construction productivity has grown by only 1% annually over the past 20 years. A KPMG study found that MMC can reduce construction time by up to 50% and costs by 20%. It's time for the industry to fully leverage these benefits to meet modern demands and environmental targets. #netzero #carbon #sustainableconstruction
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Demands for the built environment sector call for more productive construction methods. Modern Methods of Construction provide an opportunity to revamp housing design and delivery. Governments hold the purchasing power and risk tolerance required to back new technologies and propel their adoption in the private market. It's positive to see Australian governments supporting MMC. https://lnkd.in/gWaHMwda
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💬 Chris Weathers: "The market does seem to have settled a little more, which is definitely positive and should provide us with both an opportunity and some breathing room to start defining the next era of construction.” 💬 Jack Kidder: "As legislation evolves and market demands intensify, sustainability will remain a defining theme for the construction industry in 2025. It represents both one of the biggest opportunities and biggest challenges for the sector." Chris Weathers (Commercial Director) and Jack Kidder (Responsible Business Manager) recently spoke to Construction Industry News UK about their predictions for the construction industry in 2025 👇
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Midyear update projects construction spending to gain momentum this year, but stall in 2025. These are key conclusions from the mid-year update by the AIA Consensus Construction Forecast panelists, a group comprised of the leading construction forecasters from across the country.
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Amid global challenges facing the construction industry, the U.S. stands out for its resilience and surge in construction activity. The U.S. has seen a 6% increase in project starts and a 31% rise in nonresidential construction planning, outpacing these economies. #ConstructionIndustry #USConstruction #WorldofConcrete
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'Glenigan’s UK Construction Industry Forecast 2025-2026 forecasts an eight per cent growth in construction output in 2025 followed by a 10 per cent increase in 2026, compared to –1 per cent in 2024.'
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Arcadis' 2024 International Construction Costs report reveals a shift in the rankings of the most expensive cities to build in, with Sydney experiencing the most significant decline among Australian cities. Despite rising construction costs globally, Australian cities have seen a drop in their positions, with Sydney now ranking 48th globally. This reflects the broader challenges facing the construction industry, including inflation and currency fluctuations. The report also highlights London's ascent to the top spot, overtaking cities like Geneva and Zurich, driven by high specifications related to safety and sustainability. With the global construction market at a critical juncture, the report underscores the importance of enhancing productivity and collaboration to improve project delivery and manage financial risks effectively. For those of us in the built environment, these insights are crucial as they influence project planning and execution strategies. The full report offers a deeper dive into these trends and more, providing valuable guidance for navigating the complexities of the global construction landscape. https://lnkd.in/eQ4_f5wZ .
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🏗️ The U.S. construction industry soared compared to its global counterparts over the last few years! This article from Construction Dive describes how innovation, tech adoption, and skilled labor in U.S. construction are driving the industry forward. From sustainable practices to advanced digital tools, the U.S. is leading the way and transforming how we build. 🌍🔧 Read more about how the U.S. construction sector is outpacing others worldwide here: Construction Dive https://lnkd.in/gwb-dXdj #ConstructionIndustry #SCOAR #SustainableBuilding
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We specialise in delivering the benefits of Modern Methods of Construction (MMC) for our clients and partners. However, sometimes it's better to hear about the advantages from external sources! Discover how MMC is revolutionising the building industry from enhanced efficiency and sustainability to cost savings and improved quality. The article also highlights cutting-edge techniques that ensure faster project completion and reduced environmental impact. Read more about these game-changing advancements and their benefits here: https://lnkd.in/eks2k8qJ #Construction #Innovation #Sustainability #ModernMethods #BuildingTheFuture #DynamicBuildGroup #MMC #Sustainability #OffsiteConstruction #ModernMethodsofConstruction #SelfBuild #NewBuild
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Modular construction is featured in the UK government’s Construction Playbook and forms a key part of the UK Government’s Net Zero strategy and the Levelling-Up agenda. Caroline Watkins explains the risks and legal considerations you should be aware of. #modularconstruction
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Construction productivity is a complex problem requiring reform on many fronts. Risks include shortage of leadership, management and engineering talent, supply chain efficiency, contracting structures that unintentionally hamper cost-effective outcomes, and a lack of new entrants to the industry. Meanwhile, ambitious plans for new infrastructure across transport, health, energy transition, and the massive number of new dwellings we need are threatened. We all wish to expand this industry, and do better with the resources we have. https://lnkd.in/gNhTZpJF
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