Construction News
31/01/2008
2008 Set To Be A 'Busy Year' For Structures Market
Despite market concerns about 'slow-down', the three key structural elements of the construction process – Piling, Concrete Frames and Structural Steelwork – remain in great demand according to QS firm Gardiner & Theobald.Piling contractors have experienced an increased turnover throughout 2007 with targets being met and often exceeded; the concrete market has remained steady over the last 12 months with full order books achieved for 2007 and is looking buoyant for 2008 with contractors reporting 40-60% secured workload already.
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Meanwhile the price of fabricated Structural Steel rose by 8% in 2006, 7.2% in 2007 and forecasts for 2008 look likely to continue to rise. As the 2012 Olympics approach, Steel cost rises of 5.9% for 2008 and 6% for 2009 are forecast.
Meanwhile there are some general themes that appear to be affecting all areas of the Structures market; the 'credit crunch' has led to the cancellation/postponement of some schemes and the rescheduling of others. Improving productivity, sustainability, and health & safety along with the on-going skill shortages remain challenges for the Structures market and the construction industry as a whole. 2008 is set to be another very busy year for the Structures market.
(GK/JM)
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