Jump to content
House Price Crash Forum
Sign in to follow this  
copydude

Uk Construction. 85% Of Contractors Have Seen A Supplier Go Bust In 2015.

Recommended Posts

Hmmm. No chance of a construction boom in the UK.


Eighty-five per cent of contractors have seen a supplier go bust on more than one of their jobs in the last 12 months, according to research by Construction News.
The news comes as concerns mount over capacity across the UK, with work in London in particular coming under pressure.
A report by consultant Arcadis this month warned that the construction market in the capital is facing a significant imbalance, with workloads increasing and the pricing of contracts remaining difficult.
This is likely to have a knock-on effect on new and ongoing developments, according to Arcadis, which also ranked London as the most expensive place to build in Europe.
Actually, a recent Arcadis study reported that London was not only the most expensive place to build in Europe . . . even 20% more expensive than Paris . . . . but also the second highest in the World after New York.
What's going on here?
In the only place in the world where there is massive demand for housing, and also one of the few categories where there is inflation, people in the industry are going bust every week.
Edited by copydude

Share this post


Link to post
Share on other sites

2016 year of the global financial depression. I think everyone better get their sh*t together ASAP to prepare for this. If London prices/ demand drops it will shake the very foundation of this credit pyramid we call a global economy.

Share this post


Link to post
Share on other sites

Too many "main contractors" are now little more than a bloke with a phone, fancy website/good contacts and the ability to screw subbies into the ground on price and create havoc for their cash flow. There can be many links like this til you get down to the guys doing the job. Any "profit" has long since gone out of the job before they get any.

This is the reason for terrible standards in construction too. A lot of my work is repair work on govt infrastructure and some of it is very recently completed work. I've just made repairs to a car park and the only thing holding a long length on kerbs in place was the compost and bark of the flower bed behind. The "big national contractors" were "finding it difficult" to work out who's work it was that had failed and in the end the college said it was easier to just pay someone else for repairs. The building was 18 months old.

Share this post


Link to post
Share on other sites

The construnction industries problems are nothing to do with the economy. All to do with internal problems.

Best to let the whole lot go bust and import companies from the EU.

Share this post


Link to post
Share on other sites

Best to let the whole lot go bust and import companies from the EU.

The EU guys may be too late. Chinese prefabs are go.

China National Building Materials Group agrees £1bn zero carbon framework with WElink Energy
China’s largest building firm has agreed a £1.1bn deal with a UK energy firm to build thousands of zero carbon affordable homes across the UK.
The houses will be built offsite using zero water and creating zero waste.
An announcement is expected next week.

Share this post


Link to post
Share on other sites

The EU guys may be too late. Chinese prefabs are go.

China National Building Materials Group agrees £1bn zero carbon framework with WElink Energy
China’s largest building firm has agreed a £1.1bn deal with a UK energy firm to build thousands of zero carbon affordable homes across the UK.
The houses will be built offsite using zero water and creating zero waste.
An announcement is expected next week.

4k uk homes a yr for 2 yrs ain't much.

I'm struggling to find much details on " Barcelona Housing System (BHS)

is it SIPS ?

Are the uk wage slave boxes built by Chinese slaves ( 2 $/hr) or robots ?

http://washpost.bloomberg.com/Story?docId=1376-O0ZP2R6S972E01-1R053DR90LER4UAOGKNL96JRU1

The companies plan to build 4,000 houses by 2018 using the energy-efficient Barcelona Housing Systems approach, designed by architects Cesar Martinell & Associates. They will feature rooftop solar panels, waste-to-energy and power storage technologies, according to the statement by Welink. A further 4,000 houses could be built after 2018 depending on demand.
Edited by Saving For a Space Ship

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   103 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.