SJD Accountancy

Rapid growth in the construction industry is good news for contractors

Request Callback

According to the Department for Business, Innovation and Skills, average productivity in the construction industry increased by 15% in 2009, despite the onset of the recession. It’s report also states that construction clients noticed a significant increase in the number of projects being delivered to initial costs.

Simon Noakes, chair of the Recruitment and Employment Confederation’s (REC) Construction sector group, said the results demonstrate the importance of construction to the UK economy. “Even during a recession, the construction industry can still deliver projects with increased productivity,” he commented. “Contractors are wising up to the advantage of using flexible labour in our industry. Without this provision, it is difficult to see how key projects could have been delivered to cost.”

Earlier this month, the REC reported that the number of temp placements continued to increase during May 2010, potentially meaning more contractors found work last month.

If you enjoyed this story then visit our Contractor News page for all other news. To discuss this story further visit our SJD Accountancy Blog.

Request a Call Back

We want you to know exactly how our service works and why we need your details. Please read our Privacy Policy before you continue.