Managing Director Simon Carr has contributed to a significant CBI report. The ‘Fine Margins’ report, which has just launched, provides insight into financial sustainability in UK construction.
Published by CBI, the report includes contributions from construction companies who are members of the CBI Construction Council and CBI Construction Working Group.
The report highlights how construction companies can help deliver more new buildings, homes and infrastructure, on time and to budget, through improved risk management, eradicating unfair risk and embedding better procurement behaviours.
The report details that tackling these issues will create a financially sustainable construction sector, which can invest more in training and technology. In turn, the report finds that if this investment lifts the productivity of the industry by just 2%, it has the potential to add £30bn to the UK economy annually by the end of this decade.
Josh Hardie, Deputy-Director General, CBI, said: “The UK’s construction sector employs millions of people and underpins the UK economy with every £1 spent on already creating nearly £3 of value to the whole economy. This is a crucial time for the construction industry with the demand for new, sustainable homes, offices and transport infrastructure on the rise. And all within the scope of rapidly improving the sector’s impact on the environment.”
It’s an honour to contribute towards such a significant report produced on the construction industry. This report is a step in the right direction towards a positive change and I look forward to seeing the impact of the report on the industry.
Simon Carr, Managing Director, Henry Boot Construction